8,990,000 Equity Shares of Rhetan TMT Limited are subject to a Lock-Up Agreement Ending on 11-SEP-2023. These Equity Shares will be under lockup for 377 days starting from 30-AUG-2022 to 11-SEP-2023.

Details:
4,260,000 shares are locked-in from August 19, 2022 to September 14, 2025.

8,990,000 shares are locked in from August 19, 2022 to September 14, 2023.

Pursuant to the Regulation 236 and 238 of the SEBI (ICDR) Regulations, an aggregate of 20% of the Post-Issue Equity Share Capital held by our Promoters shall be considered as promoter?s contribution (?Promoter?s Contribution?) and locked-in for a period of three years from the date of Allotment. The lock-in of the Promoter?s Contribution would be created as per applicable law and procedure and details of the same shall also be provided to the Stock Exchange before listing of the Equity Shares.

Pursuant to Regulation 238 (b) of the SEBI (ICDR) Regulations, in addition to the Promoters Contribution to be locked-in for a period of 3 years, as specified above, the entire Pre-Issue Equity Share capital will be locked in for a period of one (1) year from the date of Allotment in this Issue.

Pursuant to Regulation 243 of the SEBI (ICDR) Regulations, Equity Shares held by shareholders other than our Promoters, which are locked-in as per Regulation 239 of the SEBI (ICDR) Regulations, may be transferred to any other person holding shares, subject to continuation of the lock-in in the hands of the transferees for the remaining period and compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011 as applicable.

Number of shares proposed to be locked-in for a period of three years of the Promoter (Ashoka Metcast Limited) is 4,260,000 Equity Shares.