1,470,000 Equity Shares of Rex Sealing and Packing Industries Limited are subject to a Lock-Up Agreement Ending on 19-JAN-2024. These Equity Shares will be under lockup for 375 days starting from 9-JAN-2023 to 19-JAN-2024.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted Post-Issue Equity Share capital of the Company held by the Promoter, shall be locked in for a period of three years as minimum Promoter?s contribution from the date of Allotment and the shareholding of the Promoter in excess of 20% of the fully diluted Post- Issue Equity Share capital shall be locked in for a period of one year from the date of Allotment.

Pursuant to Regulation 238 (b) of the SEBI (ICDR) Regulations, in addition to the Promoter?s Contribution to be locked-in for a period of 3 years, as specified above, the entire Pre-Issue Equity Share capital will be locked in for a period of one (1) year from the date of Allotment in this Issue, other than the Equity Shares allotted and subscribed pursuant to the Offer for Sale.