13,107,339 Equity Shares of Mangalam Worldwide Limited are subject to a Lock-Up Agreement Ending on 7-JUL-2023. These Equity Shares will be under lockup for 361 days starting from 11-JUL-2022 to 7-JUL-2023.

Details:
The Promoters have given written consent to include 4900135 Equity Shares subscribed and held by them as a part of Minimum Promoters’ Contribution constituting 20.00% of the post issue Paid-up Equity Shares Capital of the Company (“Minimum Promoters’ contribution”) in terms of Sub-Regulation (1) of Regulation 236 of the SEBI (ICDR) Regulations, 2018 and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Minimum Promoters’ Contribution, and to be marked Minimum Promoters’ Contribution as locked-in. 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.

In addition to Minimum Promoters’ Contribution which shall be locked-in for three years, the balance 5,982,539 Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018.

In terms of Regulation 239 of the SEBI (ICDR) Regulations, 2018, the entire pre-issue capital held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer. Accordingly, 7,124,800 Equity shares held by the Persons other than Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer.