11,567,208 Equity Shares of Pace E-Commerce Ventures Limited are subject to a Lock-Up Agreement Ending on 21-OCT-2023. These Equity Shares will be under lockup for 369 days starting from 17-OCT-2022 to 21-OCT-2023.

Details:
As per clause (a) Regulation 238 of the SEBI (ICDR) Regulations and in terms of the aforesaid table, an aggregate of 20.00 % of the post-Issue Equity Share Capital of the Company i.e. 45,06,702 equity shares shall be locked in by the Promoter for three years. The lock-in shall commence from the date of allotment in the proposed public issue and the last date of lock-in shall be reckoned as three years from the date of commencement of commercial production or the date of allotment in the public issue whichever is later. (Minimum Promoters? contribution).

78,97,563 (excluding 22,41,600 equity shares offer for sale) the Equity Shares, would be locked-in for a period of one year from the date of Allotment in the proposed Initial Public Offering as provided in clause (b) of Regulations 238 of SEBI (ICDR) Regulations, 2018.