Certain Equity Shares of Syrma SGS Technology Limited are subject to a Lock-Up Agreement Ending on 24-AUG-2023. These Equity Shares will be under lockup for 365 days starting from 24-AUG-2022 to 24-AUG-2023.

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

The Promoters have agreed not to dispose, sell, transfer, charge, pledge or otherwise encumber, in any manner, the Promoters? Contribution from the date of filing this Draft Red Herring Prospectus, until the expiry of the lock-in period specified above, or for such other time as required under SEBI ICDR Regulations, except as may be permitted in accordance with the SEBI ICDR Regulations.
The Company undertakes that the Equity Shares that are being locked-in are not and will not be ineligible for computation of Promoters? Contribution in terms of Regulation 15 of the SEBI ICDR Regulations. In this connection, the company confirms the following: (i) The Equity Shares offered for Promoters? Contribution do not include Equity Shares acquired in the three immediately preceding years (a) for consideration other than cash involving revaluation of assets or capitalization of intangible assets; or (b) resulting from a bonus issue of Equity Shares out of revaluation reserves or unrealized profits of the Company or from a bonus issuance of equity shares against Equity Shares, which are otherwise ineligible for computation of Promoters? Contribution (ii) The Promoters? Contribution does not include any Equity Shares acquired during the immediately preceding one year at a price lower than the price at which the Equity Shares are being offered to the public in the Offer (iii) The Company has not been formed by the conversion of a partnership firm or a limited liability partnership firm into a company in the preceding one year and hence, no Equity Shares have been issued in the one year immediately preceding the date of this Draft Red Herring Prospectus pursuant to conversion from a partnership firm or a limited liability partnership firm; and (iv) The Equity Shares forming part of the Promoter?s Contribution are not subject to any pledge. (v) All the Equity Shares held by the Promoter are in dematerialized form.

In addition to the shareholding of the Company held by the Promoters and locked in for the period specified above and Equity Shares offered by the Selling Shareholder as part of the Offer for Sale, the entire pre-Offer Equity Share capital of the Company will be locked-in for a period of six months from the date of Allotment, including any unsubscribed portion of the Offer for Sale, in accordance with Regulations 16(b) and 17 of the SEBI ICDR Regulations.

Any Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a period of 30 days from the date of Allotment.