3,549,432 Equity Shares of Maks Energy Solutions India Limited are subject to a Lock-Up Agreement Ending on 11-OCT-2023.
October 10, 2023
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3,549,432 Equity Shares of Maks Energy Solutions India Limited are subject to a Lock-Up Agreement Ending on 11-OCT-2023. These Equity Shares will be under lockup for 383 days starting from 23-SEP-2022 to 11-OCT-2023.
Details:
The Promoter has consented to the inclusion of such number of the Equity Shares held by him, in aggregate, as may constitute 20% of the Post-Issue Capital of Company as Promoter?s contribution and has agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoter?s Contribution, for a period of three years from the date of allotment in the issue.
Other than the Equity Shares allotted to the Promoters for the Minimum Promoter?s Contribution, which will be locked-in as minimum Promoter?s contribution for three (3) years, all the Pre-Issue Equity Shares shall be subject to lock-in for a period of one (1) year from the date of Allotment.
Maks Energy Solutions India Limited is an India-based company, which is engaged in the business of trading, assembly and selling of diesel generator sets and ancillary products, and distribution of commercial vehicle spare parts. The Company is engaged in the trading of various products, such as diesel engines, diesel generating set spare parts, tata spare parts, ancillary products, alternators, MS plat and TMT bars. It serves various industries such as manufacturing, realty, education, automotive, dairy, hospitality and information technology. The Company is also engaged in the business of supplying commercial vehicle spare parts to the state transport bodies, government sector and other affiliated bodies within the state of Maharashtra. The Company caters to customers in the regions of Maharashtra, Delhi, Karnataka, Telangana and Jharkhand for its DG Set business. In the international market, it exports DG Sets to the Middle East, Southeast Asia and Africa.