Promoter Raghav Handa creates pledge on 4000000 shares as collateral for loans taken by the company
Promoter Mr. Raghav Handa has created a pledge on 4000000 shares, equal to 1.10% of total share capital, on 29-09-2026.
- Shares Pledged
- 4000000 shares (1.10% of total share capital)
- Date of Pledge Creation
- 29-09-2026
- Entity in Favour
- Krchoksey Financial Services Pvt. Ltd.
- Total Encumbered After Event
- 9000000 shares, or 2.48%
- Promoter Total Holding
- 25025000 shares, which is 6.90% of total share capital
What has been disclosed
OK Play India Ltd has informed the exchanges that it received a disclosure from Mr. Raghav Handa, a promoter, under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure concerns encumbrance of shares, and the date of reporting in it is 30-September-2026.
The event recorded
- Type of event: Creation
- Type of encumbrance: Creation of Pledge
- Number of shares pledged: 4000000
- Pledged shares as a share of total share capital: 1.10%
- Date of creation: 29-09-2026
- Reason recorded: Collateral for loans taken by the company
- Entity in whose favour the shares are encumbered: Krchoksey Financial Services Pvt. Ltd.
Raghav Handa's holding and encumbrance
- Total promoter holding: 25025000 shares, which is 6.90% of total share capital
- Shares already encumbered before this event: 5000000, or 1.38%
- Shares encumbered after this event: 9000000, or 2.48%
Promoter holdings shown in the same disclosure
- Rajan Handa: 85868620 shares (23.66%); encumbered 76940000 shares (21.20%)
- Anandana Handa: 25409500 shares (7.0%); encumbered 5000000 shares (1.38%)
- Rishab Handa: 25025000 shares (6.90%); encumbered 9000000 shares (2.48%)
- Mamta Handa: 10000000 shares (2.76%)
- Sangeeta Chopra: 744000 shares (0.20%)
- Rajesh Chopra: 121500 shares (0.03%)
- Rajesh Chopra (HUF): 77000 shares (0.02%)
What encumbrance and pledge mean
An encumbrance means a promoter's shares are not entirely free — they carry a restriction or a commitment. A pledge is one kind of encumbrance: the shares are placed as security. Here the recorded reason is collateral for loans taken by the company. Until the pledge is released, those shares stay committed as security and are not freely available with the owner.
What this tells an investor
This is a promoter-level encumbrance disclosure. It shows how much of a promoter's stake is committed as security. For Mr. Raghav Handa, the figure to track is the post-event encumbered holding of 9000000 shares, or 2.48% of total share capital, out of his 25025000 shares (6.90%).
More numbers
- Raghav Handa total promoter holding (shares)25025000
- Raghav Handa total promoter holding (% of total share capital)6.90
- Raghav Handa shares already encumbered before the event5000000
- Raghav Handa already encumbered (% of total share capital)1.38
- Shares pledged (creation of pledge) by Raghav Handa4000000
- Pledged shares as % of total share capital1.10
- Raghav Handa post-event encumbered shares9000000
- Raghav Handa post-event encumbered (% of total share capital)2.48
- Rajan Handa total promoter holding (shares)85868620
- Rajan Handa total promoter holding (% of total share capital)23.66
- Rajan Handa shares already encumbered76940000
- Rajan Handa already encumbered (% of total share capital)21.20
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