2,014,720 Equity Shares of Goel Food Products Limited are subject to a Lock-Up Agreement Ending on 5-JUL-2023. These Equity Shares will be under lockup for 377 days starting from 23-JUN-2022 to 5-JUL-2023.

Details:
Aggregate of 20% of the fully diluted Post- Issue Equity Share capital of the Company held by Promoters which shall be provided towards minimum promoters of 20% and locked-in for a period of three years from the date of Allotment. Promoters have given written consent to include 7,54,080 Equity Shares held by them and subscribed by them as part of Promoter’s Contribution constituting 20.00% of the post issue Equity Shares of our Company.

In terms of Regulation 238(b) and 239 of the SEBI (ICDR) Regulations, 2018, in addition to the Minimum Promoter’s contribution which is locked in for three years, as specified above, the entire pre-issue equity share capital constituting 20,14,720 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares in this Issue after deducting the Offer for Sale portion of 5,00,800 shares. In terms of Regulation 241 of the SEBI (ICDR) Regulations, 2018, the Equity Shares which are subject to lock-in shall carry inscription ‘non-transferable’ along with the duration of specified non-transferable period mentioned in the face of the security certificate. The shares which are in dematerialized form, if any, shall be locked-in by the respective depositories. The details of lock-in of the Equity Shares shall also be provided to the Designated Stock Exchange before the listing of the Equity Shares.