9,075,900 Equity Shares of Shigan Quantum Technologies Limited are subject to a Lock-Up Agreement Ending on 8-MAR-2023. These Equity Shares will be under lockup for 365 days starting from 8-MAR-2022 to 8-MAR-2023.

Details:
An aggregate of at least 20% of the post Issue Equity Share capital of the Company held by the Promoters shall be considered as Promoters‘ contribution and locked-in for a period of three years from the date of Allotment.

Details of the Equity Shares forming part of Promoters‘ Contribution and proposed to be locked-in for a period of three years are as follows, 2,450,000 shares held by Shigan Autotronics Private Limited, 525,000 shares held by SA Shigan Trust and 625,000 shares held by GA Shigan Trust.

Other than the Equity Shares held by the Promoters, which will be locked-in as minimum Promoters contribution for three years, all pre-Issue Equity Shares shall be subject to lock-in for a period of one year from the date of Allotment in this Issue.