5,399,241 Equity Shares of Eighty Jewellers Limited are subject to a Lock-Up Agreement Ending on 8-APR-2023. These Equity Shares will be under lockup for 365 days starting from 8-APR-2022 to 8-APR-2023.

Details:
Pursuant to Regulation 236 and 238 of SEBI (ICDR) Regulations, 2018, an aggregate of 20% of the post issue capital held by our Promoter shall be considered as Promoter's Contribution (“Promoter's Contribution”) and shall be locked-in for a period of three years from the date of allotment of Equity shares issued pursuant to this Issue.

Our Promoter have given written consent to include 21,00,000 Equity Shares held by them and subscribed by them as part of Promoter's Contribution constituting 20.59% of the post issue Equity Shares of our Company.

In terms of Regulation 238(b) and 239 of the SEBI (ICDR) Regulations, 2018, in addition to the Minimum Promoter's contribution which is locked in for three years, as specified above, the entire pre-issue equity share capital constituting 53,99,241 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares in this Issue.