1,529,000 Equity Shares of Quality Foils (India) Limited are subject to a Lock-Up Agreement Ending on 21-MAR-2024. These Equity Shares will be under lockup for 364 days starting from 23-MAR-2023 to 21-MAR-2024.

Details:
Pursuant to the Regulation 236 and 238 of SEBI ICDR Regulations, an aggregate of at least 20.00% i.e 5,71,000 of the post issue Equity Share capital of our Company held by our Promoters shall be locked-in for a period of three years from the date of Allotment in this issue. As on date of this Prospectus, our Promoters holds 7,46,400 Equity Shares constituting 29.15% of the Post issue Issued, Subscribed and Paid-up Equity Share Capital of our Company, which are eligible for Promoter?s Contribution.

Pursuant to Regulation 238(b) and 239 of the SEBI ICDR Regulations, other than the Equity Shares held by our Promoters, which will be locked-in as minimum Promoters? contribution for three years, all pre-issue 15,29,000 Equity Shares shall be subject to lock-in for a period of one year from the date of Allotment in this Offer.