23,386,578 Equity Shares of Vardhman Special Steels Limited are subject to a Lock-Up Agreement Ending on 20-AUG-2018. These Equity Shares will be under lockup for 180 days starting from 21-FEB-2018 to 20-AUG-2018. Details: The Promoters of the company, jointly and severally, have agreed that, without the prior written consent of the Book Running Lead Manager, he or she will not, during the period commencing on the date hereof and ending 180 days after the date of allotment of the equity shares, directly or indirectly offer, lend, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, any promoter shares.