40,999,145 Equity Shares of Cyient DLM Limited are subject to a Lock-Up Agreement Ending on 5-JAN-2024. These Equity Shares will be under lockup for 188 days starting from 1-JUL-2023 to 5-JAN-2024.

Details:
Pursuant to Regulations 14 and 16(1) of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Issue Equity Share capital of the Company held by the Promoter (assuming exercise of vested options, if any, under the ESOP Plan), shall be locked in for a period of 18 months as minimum Promoter?s contribution from the date of Allotment (?Promoter?s Contribution?) and the shareholding of the Promoter 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 20% of the fully diluted post-Issue shareholding of the Company held by the Promoter locked in for 18 months as specified above, the entire pre-Issue Equity Share capital of the Company will be locked-in for a period of six months from the date of Allotment except for (i) any Equity Shares held by the eligible employees (whether currently employees or not) of the Company which will be allotted to them under the ESOP 2022; and (ii) the Equity Shares held by VCFs or Category I AIF or Category II AIF or FVCI, subject to certain conditions set out in Regulation 17 of the SEBI ICDR Regulations, provided that such Equity Shares will be locked-in for a period of at least six months from the date of purchase by the VCFs or Category I AIF or Category II AIF or FVCI.