5,446,663 Equity Shares of Rolex Rings Limited are subject to a Lock-Up Agreement Ending on 4-AUG-2024.
August 03, 2024
Share
5,446,663 Equity Shares of Rolex Rings Limited are subject to a Lock-Up Agreement Ending on 4-AUG-2024. These Equity Shares will be under lockup for 1097 days starting from 3-AUG-2021 to 4-AUG-2024.
Details:
An aggregate of 20% of the fully diluted post-Offer Equity Share capital of our Company held by our Promoters shall be considered as minimum promoters? contribution and locked-in for a period of three years from the date of Allotment, a total of 7,201,560 shares are locked-in until May 29, 2024 and 6,462,867 shares are locked-in until August 04, 2022.
Rolex Rings Limited is an India-based forging company, which is primarily engaged in the manufacturing of forged and machined bearing rings and automotive components. The Company operates through the diversified auto components segment. The Companyâs products include transmission components product, including gear blanks, ring gear, sun and pinion, shafts, and lock nut; engine components, including pulley, cam lobs and other forged components; chassis components, including wheel hubs, Gen2 and Gen3 bearing components, output shafts and constant velocity joints (CVJ) components; bearing rings, and exhaust system components, including flanges, bio cones and tulip. Its product applications include two-wheeler, three-wheeler, four-wheeler, industrial, railways, off-highway, earth-moving, windmill, textile, electrical, defense, power, aerospace, marine, oil and natural gas. Its facilities include raw material, heat treatment, machining, rolling, grinding, surface treatment and forging.
ROLEX RINGS LIMITED