583,000 Equity Shares of Konstelec Engineers Limited are subject to a Lock-Up Agreement Ending on 23-FEB-2024. These Equity Shares will be under lockup for 30 days starting from 24-JAN-2024 to 23-FEB-2024.

Details:
The Promoters, Biharilal Ravilal Shah and Amish Biharilal Shah have agreed not to dispose off an aggregate of at least 20% of the post issue equity share capital of the company for a period of three years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later.

In addition to Minimum Promoters? Contribution which shall be locked-in for three years, the balance 56,91,268 Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment

The entire remaining pre-issue share capital will be locked-up for a period of one year from the date of allotment. 2288732 Equity shares held by the Persons other than Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer.