37,462,875 Equity Shares of HMA Agro Industries Limited are subject to a Lock-Up Agreement Ending on 10-JAN-2024. These Equity Shares will be under lockup for 198 days starting from 26-JUN-2023 to 10-JAN-2024.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post Offer Equity Share capital of our Company held by the Promoters, shall be locked in for a period of eighteen months as minimum Promoter?s contribution from the date of Allotment and the shareholding of the Promoters in excess of 20% of the fully diluted post- Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment.

In addition to the 20% of the post-Offer shareholding of our Company held by the Promoters and locked in for eighteen months as specified above, and pursuant to Regulation 17 of the SEBI ICDR Regulations the entire pre-Offer Equity Share capital of our Company will be locked-in for a period of six months from the date of Allotment.