Certain Equity Shares of Dharmaj Crop Guard Limited are subject to a Lock-Up Agreement Ending on 5-DEC-2023. These Equity Shares will be under lockup for 368 days starting from 2-DEC-2022 to 5-DEC-2023.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters shall be considered as minimum promoters? contribution and locked-in for a period of three years from the date of Allotment (?Promoters? Contribution?) as the majority of the offer proceeds excluding the portion of offer for sale is proposed to be utilised for capital expenditure and the shareholding of the Promoters in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of one year from the date of Allotment.

In addition to Promoters? Contribution locked in for three years as specified above, pursuant to Regulations 16(1)(b) of the SEBI ICDR Regulations, the Equity Shares held by the Promoters in excess of Promoters' Contribution will be locked in for a period of one year, and pursuant to Regulation 17, the entire pre-Offer Equity Share capital of the Company will be locked in for a period of six months from the date of Allotment, except for the Equity Shares successfully transferred as a part of the Offer for Sale.

Further, in terms of Regulation 22 of the SEBI ICDR Regulations, Equity Shares held by persons other than the Promoters prior to the Offer and locked-in for a period of six months, may be transferred to any other person holding Equity Shares which are locked in along with the Equity Shares proposed to be transferred, subject to the continuation of the lock in with the transferee and compliance with the provisions of the Takeover Regulations.