3,116,584 Equity Shares of Veekayem Fashion And Apparels Limited are subject to a Lock-Up Agreement Ending on 17-AUG-2023. These Equity Shares will be under lockup for 360 days starting from 22-AUG-2022 to 17-AUG-2023.
Details:
The fully diluted post-Issue capital of the Company held by the Promoters shall be locked in for a period of three years from the Date of Allotment (?Minimum Promoter? Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Issue Equity Share capital shall be locked in for a period of one year from the date of Allotment.
Pursuant to Regulation 236 and 238 of the SEBI (ICDR) Regulations, an aggregate of 20.00% of the fully diluted post-Issue capital of the Company held by the Promoters shall be locked in for a period of three years from the date of Allotment (?Minimum Promoter? Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Issue Equity Share capital shall be locked in for a period of one year from the date of Allotment.
The lock-in of the Minimum Promoter?s Contribution would be created as per applicable laws and procedures and details of the same shall also be provided to the Stock exchange before the listing of the Equity Shares. It is created for 3 years.
Other than the Equity Shares locked-in as Promoter?s Contribution for a period of three years as stated in the table above, the entire pre-Issue capital of the Company, including the excess of minimum Promoter? Contribution, as per Regulation 238 of the SEBI (ICDR) Regulations, shall be locked in for a period of one year from the date of Allotment of Equity Shares in the Issue. Such lock ? in of the Equity Shares would be created as per the bye laws of the Depositories.