1,815,000 Equity Shares of Kore Digital Limited are subject to a Lock-Up Agreement Ending on 24-JUN-2024. These Equity Shares will be under lockup for 377 days starting from 13-JUN-2023 to 24-JUN-2024.

Details:
As per Regulation 236 and 238 of the SEBI (ICDR) Regulations, 2018, and in terms of the aforesaid table, an aggregate of 20% of the fully diluted post-issue equity share capital of our Company held by our Promoter shall be provided towards minimum Promoter?s, contribution and locked in for a period of 3 (Three) years from the date of Allotment (?Minimum Promoter?s Contribution?). The lock-in of the Promoter?s Contribution would be created as per applicable law and procedure and details of the same shall also be provided to the Stock Exchange before listing of the Equity Shares. The Promoter?s contribution has been brought into the extent of not less than the specified minimum lot and has been contributed by the persons defined as Promoter under the SEBI (ICDR) Regulations, 2018.

Other than the Equity Shares mentioned above that would be locked-in for three (3) years, the entire pre-Issue capital of our Company would be locked-in for a period of one (1) year from the date of Allotment in the Issue pursuant to Regulation 238(b) and 239of SEBI ICDR Regulations, 2018.