10,570,402 Equity Shares of Rishabh Instruments Limited are subject to a Lock-Up Agreement Ending on 7-MAR-2024.
March 06, 2024
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10,570,402 Equity Shares of Rishabh Instruments Limited are subject to a Lock-Up Agreement Ending on 7-MAR-2024. These Equity Shares will be under lockup for 185 days starting from 4-SEP-2023 to 7-MAR-2024.
Details:
Details of minimum Promoter?s contribution locked in for three years Pursuant to Regulation 14 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post Offer Equity Share capital of our Company held by our Promoter shall be considered as minimum promoter?s contribution and, pursuant to Regulation 16 of the SEBI ICDR Regulations, shall be locked-in for a period of three years from the date of Allotment, as the majority of the Net Proceeds are proposed to be utilized for capital expenditure (?Promoter?s Contribution?). Our Promoter?s shareholding in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of one year from the date of Allotment.
Rishabh Instruments Limited is an India-based company, which is engaged in manufacturing, design and development of test and measuring instruments and industrial control products. Its products include protector relays, multifunction meters, paperless recorders, digital multimeter, energy management system, current transformers, battery charger, temperature controller, shunts, insulation testers, genset controllers, CAM switches, digital panel meter and others. It provides EMI-EMC Testing, Type testing, Environmental testing, Life Cycle testing, Electro-technical Calibration, Mechanical Testing and other services, all under one roof at its lab, providing professional and timely service to product developers. It also offers a range of Rish Rotary CAM switches that cover applications with different contact designs, contact material and terminals allowing their use as control switches, instrumentation switches, motor control switches and electronic circuitry.