70,956,296 Equity Shares of Aeroflex Industries Limited are subject to a Lock-Up Agreement Ending on 29-FEB-2024. These Equity Shares will be under lockup for 188 days starting from 25-AUG-2023 to 29-FEB-2024.

Details:
Pursuant to Regulation 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20.00% of the fully diluted post-Offer capital of our Company held by the Promoter shall be locked in for a period of eighteen (18) months from the date of Allotment (?Minimum Promoter Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six (06) months from the date of Allotment.