30,928,780 Equity Shares of Credo Brands Marketing Limited are subject to a Lock-Up Agreement Ending on 21-JUN-2024. These Equity Shares will be under lockup for 183 days starting from 21-DEC-2023 to 21-JUN-2024.

Details:
An aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters, Kamal Khushlani and Poonam Khushlani, shall be locked in for a period of eighteen months as minimum promoters? contribution from the date of Allotment, 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 months from the date of Allotment.

In addition to the 20% of the fully diluted post-Offer shareholding of our Company held by our Promoters and locked in for eighteen months as specified above and the Equity Shares offered and successfully transferred by the Selling Shareholders as part of the Offer for Sale, the entire pre-Offer Equity Share capital of the Company, except the Equity Shares allotted or to be allotted to the employees under ESOP Scheme 2020 pursuant to exercise of options held by such employees (whether current employees or not and including the legal heirs or nominees of any deceased employees or ex-employees), will be locked-in for a period of six months from the date of Allotment, including any unsubscribed portion of the Offer for Sale.