3,053,660 Equity Shares of Popular Vehicles and Services Limited are subject to a Lock-Up Agreement Ending on 13-APR-2024. These Equity Shares will be under lockup for 30 days starting from 14-MAR-2024 to 13-APR-2024.

Our Promoters have given their consent for inclusion of such number of Equity Shares held by them as disclosed above, constituting 20% of the post-Offer Equity Share capital of our Company as Minimum Promoters? Contribution, subject to lock-in requirements as specified under Regulation 14 of the SEBI ICDR Regulations. Our Promoters have agreed not to sell, transfer, charge, pledge or otherwise encumber in any manner the Minimum Promoters? Contribution from the date of filing this Draft Red Herring Prospectus, until the expiry of the lock-in period specified above, or for such other time as required under the SEBI ICDR Regulations, except as may be permitted, in accordance with the SEBI ICDR Regulations.