5,040,434 Equity Shares of Varanium Cloud Limited are subject to a Lock-Up Agreement Ending on 10-OCT-2023. These Equity Shares will be under lockup for 378 days starting from 27-SEP-2022 to 10-OCT-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 the Company held by the 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?). The Equity Shares (eligible for inclusion in the Minimum Promoters? Contribution, in terms of Regulation 33 of the SEBI (ICDR) Regulations) forming part of Minimum Promoters? Contribution and proposed to be locked-in for a period of three years.

In addition to Minimum Promoters? Contribution which shall be locked-in for three years, the balance 43,40,434 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.