3,204,000 Equity Shares of Network People Services Technologies Limited are subject to a Lock-Up Agreement Ending on 15-AUG-2022. These Equity Shares will be under lockup for 371 days starting from 9-AUG-2021 to 15-AUG-2022.

Details:
Pursuant to Regulation 236 and 238 of SEBI (ICDR) Regulations, an aggregate of 20% of the post Issue capital held by Promoter shall be considered as Promoters' Contribution and locked-in for a period of three years from the date of allotment of equity shares issued pursuant to this Issue.

In addition to 20% of the post issue capital of company held by the Promoters, which will be locked-in for three years, the balance Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment.

In terms of Regulation 239 of the SEBI (ICDR) Regulations, 2018, the entire pre-issue capital held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer except Equity Share holding held by AIF (Category-I) aggregating to 2,50,000 Equity shares which shall be under lock in for a period of one year from the date of purchase in accordance with terms of Regulation 239 of SEBI(ICDR) Regulations, 2018. Accordingly, 1,35,020 Equity shares held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer and 2,50,000 Equity Shares held by Alternative Investment fund (Category-I) shall be locked in for a period of one year from the date of purchase.