3,200,000 Equity Shares of Promax Power Limited are subject to a Lock-Up Agreement Ending on 20-OCT-2022. These Equity Shares will be under lockup for 378 days starting from 7-OCT-2021 to 20-OCT-2022.

Details:
An aggregate of minimum 20.00% of the post-issue capital, held by Promoters shall be considered as Promoter's Contribution (“Minimum Promoter's Contribution”) and locked-in for a period of three years from the date of allotment. 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. In excess of minimum 20% of the post-Issue shareholding of our Company held by the Promoter (locked in for three years as specified above), the balance pre-issue share capital of our Company held by sromoters shall be locked in for a period of one year from the date of Allotment in this Issue as provided in clause 238(b) of SEBI (ICDR) Regulations 2018.