4,174,257 Equity Shares of EPACK Durable Limited are subject to a Lock-Up Agreement Ending on 23-APR-2024.
April 22, 2024
Share
4,174,257 Equity Shares of EPACK Durable Limited are subject to a Lock-Up Agreement Ending on 23-APR-2024. These Equity Shares will be under lockup for 90 days starting from 24-JAN-2024 to 23-APR-2024.
Details:
The Equity Shares held by our Promoters, which will be locked-in for minimum Promoter?s contribution for a period of three years, from the date of Allotment.
In terms of Regulation 17 of the SEBI ICDR Regulations, except for (i) the Promoters? shareholding which shall be locked-in as above, and (ii) Equity Shares issued by our Company to eligible employees (or such persons as permitted under the SEBI SBEB & SE Regulations and the ESOP Scheme) pursuant to exercise of options by the eligible employees, whether currently employees or not, and including the legal heirs or nominees of any deceased eligible employees, in accordance with the ESOP Scheme, the entire pre-Offer Equity Share capital of our Company, shall, unless otherwise permitted under the SEBI ICDR Regulations, be locked-in for a period of six months from the date of Allotment or any other period as may be prescribed under applicable law.
50% of the Equity Shares allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period 90 days from the date of Allotment and the remaining 50% shall be locked-in for a period of 30 days from the date of Allotment.
Epack Durable Limited is engaged in designing and manufacturing complete room air conditioners (RAC), induction cooktops, mixer-grinders, and water dispensers. It manufactures heat exchangers, cross flow fans, axial fans, sheet metal press parts, injection molded components, copper fabricated products, PCBAs, universal motors and induction coils for captive consumption, as well as part of its product offerings to its customers. It is engaged in the manufacturing of consumer durable products and is primarily operating in India. It provides complete RACs, comprising window air conditioners, including window inverter air conditioners, indoor units and outdoor units with specifications ranging from 0.75 tons to 2 tons, across a range of energy ratings and types of refrigerants. It also manufactures split inverter air conditioners. It also manufactures white goods components for reputed brands. It has manufacturing facilities situated at Dehradun, Uttarakhand and Bhiwadi, Rajasthan.