22,165,610 Equity Shares of ideaForge Technology Limited are subject to a Lock-Up Agreement Ending on 5-JAN-2024. These Equity Shares will be under lockup for 186 days starting from 3-JUL-2023 to 5-JAN-2024.

Details:
Pursuant to Regulations 14 and 16 of the SE223,215BI ICDR Regulations, an aggregate of 20% of the fully diluted post-offer equity share capital of the company held by our promoters shall be considered as minimum promoters? contribution and locked-in for a period of eighteen months or any other period as may be prescribed under applicable law, from the date of allotment.

In terms of Regulation 17 of the SEBI ICDR Regulations, except for the promoters? contribution which shall be locked-in and equity shares issued by our company to eligible employees (or such persons as permitted under the SEBI SBEB Regulations/the ESOP Plan 2018) pursuant to exercise of options by the eligible employees, whether currently employees or not, in accordance with the ESOP Plan 2018, the entire pre-offer equity share capital of our company (including those Equity Shares held by our Promoters in excess of Promoter?s Contribution), 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.