19,972,000 Equity Shares of Dollex Agrotech Limited are subject to a Lock-Up Agreement Ending on 5-JAN-2024. These Equity Shares will be under lockup for 373 days starting from 28-DEC-2022 to 5-JAN-2024.

Details:
As per Sub-Regulation (1) of Regulation 236 of the SEBI (ICDR) Regulations, 2018, an aggregate of 20% of the post-Issue Capital shall be considered as Promoter?s Contribution. The Promoters have granted consent to include such number of Equity Shares held by them as may constitute 20.00% of the post-issue Equity Share Capital of the Company as Promoters Contribution and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoters Contribution from the date of filing of this Draft Prospectus until the completion of the lock-in period specified above. In terms of clause (a) of Regulation 238 of the SEBI (ICDR) Regulations, 2018, Minimum Promoters Contribution as mentioned above shall be locked-in for a period of 3 years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later.

In addition to above Equity Shares that are locked-in for three years as the minimum Promoters? contribution, the promoters and public pre-issue shareholding of Equity Share capital of the Company, i.e. 1,99,72,000 Equity Shares shall be locked in for a period of one year from the date of Allotment in the Public Issue. Further, such lock-in of the Equity Shares would be created as per the bye laws of the Depositories.