24,377,000 Equity Shares of Suraj Estate Developers Limited are subject to a Lock-Up Agreement Ending on 21-JUN-2024. These Equity Shares will be under lockup for 183 days starting from 21-DEC-2023 to 21-JUN-2024.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Issue Equity Share capital of our Company held by Promoter shall be locked in for a period of eighteen months as minimum promoter?s contribution from the date of Allotment, and the Promoter?s shareholding in excess of 20% of the fully diluted post-Issue Equity Share capital shall be locked-in for a period of six months from the date of Allotment.

In addition to the Promoter?s Contribution which will be locked in for 18 (eighteen) months, as specified above, the entire pre-Issue Equity Share capital of our Company will be locked-in for a period of 6 (six) months from the date of Allotment, in accordance with Regulations 16(b) and 17 of the SEBI ICDR Regulations.