5,500,000 Equity Shares of Silicon Rental Solutions Limited are subject to a Lock-Up Agreement Ending on 21-OCT-2023. These Equity Shares will be under lockup for 380 days starting from 6-OCT-2022 to 21-OCT-2023.

Details:
Pursuant to Regulation 236 and 238 of SEBI (ICDR) Regulations, 2018, an aggregate of 20% of the post issue capital held by the Promoter shall be considered as 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.

The Promoter, Sanjay Harish Motiani, has given written consent to include 20,60,000 Equity Shares held by him and subscribed by him as part of Promoter?s Contribution constituting 20.05% of the post issue Equity Shares of the Company. Further, he 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.

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 55,00,000 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares in this Issue.