6,332,000 Equity Shares of Krishca Strapping Solutions Limited are subject to a Lock-Up Agreement Ending on 28-MAY-2024. These Equity Shares will be under lockup for 369 days starting from 25-MAY-2023 to 28-MAY-2024.

Details:
Pursuant to Sub-Regulation (1) of Regulation 236 of the SEBI (ICDR) Regulations, 2018, an aggregate of 20.00% of the post-Issue Capital shall be considered as Promoter?s Contribution. Our 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 our 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 Red Herring 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 three years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later. Equity Shares are under locked-in for three years as the minimum promoter contribution and in excess of minimum promoter contribution so Equity Shares are under lock in for a period of one year from the date of allotment in the IPO.

24,18,000 Equity Shares are under locked-in for three years as the minimum promoter contribution and in excess of minimum promoter contribution, 37,77,088 Equity Shares are under lock in for a period of one year from the date of allotment in the IPO. The remaining pre-issue Equity Share capital of our Company, 25,54,912 Equity Shares shall be locked in for a period of one year from the date of Allotment in the Public Issue