49,901,977 Equity Shares of Bikaji Foods International Limited are subject to a Lock-Up Agreement Ending on 11-MAY-2024. These Equity Shares will be under lockup for 548 days starting from 10-NOV-2022 to 11-MAY-2024.

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

In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of our Company (other than the Promoter?s Contribution), will be locked-in for a period of six months from the date of Allotment/Transfer in the Offer, except (i) Equity Shares issued by the Company to eligible employees (or such persons as permitted under the SEBI SBEB Regulations/the ESOP Plan) pursuant to exercise of options by the eligible employees, whether currently employees or not, in accordance with the ESOP Plan; and (ii) Equity Shares held by a venture capital fund (?VCF?) or alternative investment fund of category I or II (?AIF?) or a foreign venture capital investor (?FVCI?), provided that such Equity Shares were locked-in for a period of at least six months from the date of purchase by the VCF or AIF or FVCI, and (iii) Offered Shares, which are successfully transferred as part of the Offer for Sale.