Certain Equity Shares of Urban Enviro Waste Management Limited are subject to a Lock-Up Agreement Ending on 24-JUN-2024. These Equity Shares will be under lockup for 369 days starting from 21-JUN-2023 to 24-JUN-2024.

Details:
Pursuant to Regulations 236 and 238 of the SEBI ICDR Regulations, at least an aggregate of 20% of the post-Offer Equity Share capital, of our Company as on the date of this Draft Prospectus, shall be locked in for a period of 3 (three) years from the date of Allotment as minimum Promoter?s contribution (?Minimum Promoter?s Contribution?) and the shareholding of the Promoter in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of 1 (one) year from the date of Allotment.

Unless provided otherwise under applicable law, pursuant to the SEBI ICDR Regulations 238 (b) & 239, the entire pre-Offer capital of our Company (including those Equity Shares held by our Promoter in excess of the Minimum Promoter?s Contribution) shall be locked-in for a period of 1 (one) year from the date of Allotment or such other minimum lock-in period as may be prescribed under the SEBI ICDR Regulations.