Certain Equity Shares of SAMHI Hotels Limited are subject to a Lock-Up Agreement Ending on 22-MAR-2024. These Equity Shares will be under lockup for 186 days starting from 18-SEP-2023 to 22-MAR-2024.

Details:
Pursuant to a voluntary lock-in by certain shareholders of our Company as set forth below, 15.8% of the postOffer Equity Share capital of our Company will be locked-in for a period of eighteen months from the date of Allotment of Equity Shares in the Offer. In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer equity share capital will be locked-in for a period of six months from the date of Allotment, other than (a) Equity Shares which are successfully transferred as part of the Offer for Sale; (b) any Equity Shares allotted to employees, whether currently an employee or not, pursuant to the ESOP Scheme prior to the Offer; and (c) any Equity Shares held by a VCF or Category I AIF or Category II AIF or FVCI, as applicable, provided that such Equity Shares shall be locked in for a period of at least six months from the date of purchase by such Shareholders, subject to the provisions of Regulation 8A of the SEBI ICDR Regulations. In accordance with Regulation 8A of the SEBI ICDR Regulations, for Shareholders holding (individually or with persons acting in concert) more than 20% of pre-Offer shareholding of our Company on a fully diluted basis, the provisions of lock-in as specified under Regulation 17 of the SEBI ICDR Regulations shall be applicable, and relaxation from lock-in as provided under Regulation 17(c) of the SEBI ICDR Regulations shall not be applicable.