11,096,567 Equity Shares of Divgi TorqTransfer Systems Limited are subject to a Lock-Up Agreement Ending on 8-MAR-2024. These Equity Shares will be under lockup for 368 days starting from 6-MAR-2023 to 8-MAR-2024.

Details:
Pursuant to Regulations 14 and 16 (1) of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters shall be locked in for a period of three years as minimum promoter?s contribution from the date of Allotment in the Offer (?Minimum Promoter?s Contribution?) and the shareholding of the Promoters in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of one year from the date of Allotment in the Offer.

In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital held by persons other than the Promoters will be locked-in for a period of six months from the date of Allotment in the Offer, except Offered Shares and any other categories of shareholders in accordance with Regulation 16(b) of and as exempted under Regulation 17 of the SEBI ICDR Regulations.