1,131,900 Equity Shares of SP Refractories Limited are subject to a Lock-Up Agreement Ending on 16-MAR-2023. These Equity Shares will be under lockup for 359 days starting from 22-MAR-2022 to 16-MAR-2023.

Details:
Pursuant to the Regulation 236 and 238 of the SEBI (ICDR) Regulations, an aggregate of 20% of the Post-Issue Equity Share Capital i.e., up to 360,000 shares held by the Promoters shall be considered as promoter's contribution (“Promoter's Contribution”) and locked-in for a period of three years from the date of Allotment.

Pursuant to Regulation 238 (b) of the SEBI (ICDR) Regulations, in addition to the Promoters Contribution to be locked-in for a period of 3 years, the entire Pre-Issue Equity Share capital will be locked in for a period of one year from the date of Allotment in this Issue, other than the Equity Shares allotted and subscribed pursuant to the Offer for Sale.