60,000 Equity Shares of Krishna Defence and Allied Industries Limited are subject to a Lock-Up Agreement Ending on 31-MAR-2023. These Equity Shares will be under lockup for 365 days starting from 31-MAR-2022 to 31-MAR-2023.

Details:
The Promoter have given written consent to include 24,00,000 Equity Shares held by them and subscribed by them as part of Promoter's Contribution constituting 20.96% of the post issue Equity Shares of our Company. Further, they have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoter's contribution, for a period of three years from the date of allotment in the Issue.

In addition to the Minimum Promoter's contribution which is locked in for three years, the entire pre-issue equity share capital constituting 60,00,000 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares in this Issue.