68,494,000 Equity Shares of Vishnu Prakash R Punglia Limited are subject to a Lock-Up Agreement Ending on 29-FEB-2024. These Equity Shares will be under lockup for 183 days starting from 30-AUG-2023 to 29-FEB-2024.

Details:
Pursuant to regulation 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Issue Equity Share capital of our Company held by Promoters: Vishnu Prakash Punglia (6,986,000 shares); Manohar Lal Punglia (4,241,500 shares); Sanjay Kumar Punglia (4,491,000 shares); Kamal Kishor Pungalia (4,241,500 shares); Ajay Pungalia (4,990,000 shares) shall be locked-in for a period of eighteen (18) months as minimum promoters? contribution (?Minimum Promoters? Contribution?) from the date of allotment and the shareholding of the promoters in excess of 20% of the fully diluted post-Issue Equity Share capital shall be locked-in for a period of six (6) months from the date of allotment in the Issue.

In terms of regulation 17 of the SEBI ICDR Regulations, the entire pre-Issue Equity Share capital of our Company shall, unless otherwise permitted under the SEBI ICDR Regulations, be locked-in for a period of six (6) months from the date of Allotment in the Issue, except the Minimum Promoters? Contribution and any Equity Shares held by the Promoters in excess of the Minimum Promoters? contribution which shall be locked in as above.