5,746,020 Equity Shares of Mega Flex Plastics Limited are subject to a Lock-Up Agreement Ending on 30-SEP-2023. These Equity Shares will be under lockup for 376 days starting from 19-SEP-2022 to 30-SEP-2023.

Details:
Pursuant to Regulation 236 of SEBI (ICDR) Regulations 2018, minimum promoters? contribution should be not less than 20% of the post Issue equity share capital of the Company. Further, in terms of Regulation 238(a) of SEBI ICDR Regulations, minimum promoter?s contribution will be locked-in for a period of three years from the date of Allotment or date of commencement of commercial production, whichever is later, and the Equity Shares held by Promoter of the Company in excess of minimum promoter?s contribution will be locked-in for a period of one year from the date of Allotment.

In excess of minimum 20% of the post-Issue shareholding of the Company held by the Promoter (locked in for three years as specified above), the balance pre-issue share capital of the Company held by promoters shall be locked in for a period of one year from the date of Allotment in this Issue as provided in clause 238(b) of SEBI (ICDR) Regulations 2018.