3,461,200 Equity Shares of Destiny Logistics & Infra Limited are subject to a Lock-Up Agreement Ending on 20-OCT-2022. These Equity Shares will be under lockup for 373 days starting from 12-OCT-2021 to 20-OCT-2022.

Details:
In terms of Regulation 238(a) of SEBI ICDR Regulations, Pre-IPO equity shares held by Promoters will be locked-in for a period of three years from the date of Allotment or date of commencement of commercial production, whichever is later.

In excess of minimum 20% of the post-Issue shareholding of Company held by the Promoters (locked in for three years) the balance pre-issue share capital of Company held by promoters shall be locked in for a period of one year from the date of Allotment in this Issue as provided in clause 238(b) of SEBI (ICDR) Regulations 2018.