8,699,066 Equity Shares of Precision Metaliks Limited are subject to a Lock-Up Agreement Ending on 31-JAN-2023. These Equity Shares will be under lockup for 365 days starting from 31-JAN-2022 to 31-JAN-2023.

Details:
Pursuant to Regulations 236 and 238 of the SEBI (ICDR) Regulations, an aggregate of 20% of the fully diluted post-Issue Equity Share capital of our Company held by our Promoter shall be provided towards minimum promoters' contribution and locked-in for a period of three years from the date of Allotment (“Minimum Promoters' Contribution”).

In addition to Minimum Promoters' Contribution which shall be locked-in for three years, the balance 86,99,066 Equity Shares held by Promoters / promoters group / Others shall be locked in for a period of one year from the date of allotment in the Initial Public Offer as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018.