403,200 Equity Shares of TAC Infosec Limited are subject to a Lock-Up Agreement Ending on 2-MAY-2024. These Equity Shares will be under lockup for 30 days starting from 2-APR-2024 to 2-MAY-2024.

Details:
Details of Promoter?s Contribution locked in for three years: Our Promoters have given written consent to include 2100000 Equity Shares subscribed and held by them as a part of Minimum Promoter?s Contribution constituting 20.04% of the post issue Paid-up Equity Shares Capital of our Company (?Minimum Promoter?s contribution?) in terms of Sub-Regulation (1) of Regulation 236 of the SEBI (ICDR) Regulations, 2018 and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Minimum Promoter?s Contribution, and to be marked Minimum Promoter?s Contribution as locked-in. In terms of clause (a) of Regulation 238 of the SEBI (ICDR) Regulations, 2018, Minimum Promoter?s Contribution as mentioned above shall be locked-in for a period of three years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later.

In addition to Minimum Promoter?s Contribution which shall be locked-in for three years, the balance 3866660 Equity Shares held by Promoters 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.