5,559,200 Equity Shares of Jainam Ferro Alloys (I) Limited are subject to a Lock-Up Agreement Ending on 8-OCT-2022. These Equity Shares will be under lockup for 365 days starting from 8-OCT-2021 to 8-OCT-2022.

Details:
The company's Promoter, Aditya Parakh, has given written consent to include 22,00,000 Equity Shares held by them and subscribed by them as part of Promoter's Contribution constituting 20.83% of the post Offer Equity Shares of the Company. Further, they have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoter's contribution, for a period of three years from the date of allotment in the Offer.

The entire pre-Offer equity share capital other than the Equity Shares allotted and subscribed pursuant to Offer for Sale, constituting 55,59,200 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares.