4,473,000 Equity Shares of Kandarp Digi Smart BPO Limited are subject to a Lock-Up Agreement Ending on 14-OCT-2023. These Equity Shares will be under lockup for 381 days starting from 28-SEP-2022 to 14-OCT-2023.

Details:
The Promoter Reliable Data Services Limited has, by a written undertaking, consented to have 18,00,000 Equity Shares held by them to be locked in as Minimum Promoters Contribution for a period of three years from the date of allotment in this Issue and will not be disposed/sold/transferred by the promoter during the period starting from the date of filing this Prospectus with SME Platform of NSE till the date of commencement of lock-in period as stated in this Prospectus. The Equity Shares under the Promoters contribution will constitute 20.06% of the post-Issue paid up share capital.

In terms of Regulation 236 and 237 of the SEBI ICDR Regulations, in addition to the Minimum Promoters contribution which is locked in for 3 (three) years, as specified above, the entire pre-issue equity share capital held by promoters and entire pre-issue 65 capital held by persons other than promoters of the Company i.e. Promoter Group members 44,73,000 Equity Shares shall be locked in for a period of 1 (one) year from the date of allotment of Equity Shares in this Issue.