3,743,000 Equity Shares of Upsurge Seeds Of Agriculture Limited are subject to a Lock-Up Agreement Ending on 5-AUG-2023.
August 04, 2023
Share
3,743,000 Equity Shares of Upsurge Seeds Of Agriculture Limited are subject to a Lock-Up Agreement Ending on 5-AUG-2023. These Equity Shares will be under lockup for 359 days starting from 11-AUG-2022 to 5-AUG-2023.
Details:
Promoters have given written consent to include 14,16,000 Equity Shares held by them and subscribed by them as part of Promoter?s Contribution constituting 20.17% of the post issue Equity Shares of our Company. Further, they have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoter?s contribution, for a period of three years from the date of allotment in the Issue.
in addition to the Minimum Promoter?s contribution which is locked in for three years, as specified above, the entire pre-issue equity share capital constituting 3,743,000 Equity Shares shall be locked in for a period of one year from the date of allotment of Equity Shares in this Issue.
Upsurge Seeds of Agriculture Ltd is an India-based technology driven seeds manufacturing company. It is engaged in the business of plantation of all types of trees, and flowers as forestry or otherwise for commercial, domestic, industrial and other purposes and to carry on the business of floriculture, agriculture, horticulture, sericulture, tissue culture, apiculture, peri culture, plant tissue culture, cell culture and to deal in all types of foretellers, plant food pesticides, insecticides, fungicides and all type of plant protection chemicals, micro nutrients and as nursery owners. The Company is majorly dealing in groundnut, wheat, cumin, and all kind of agriculture seeds. Its products include groundnut seeds, fenugreek seeds, coriander seeds, gram seeds, isabgol, rajka bajri, mustard, onion, wheat, sesame seeds, bajra seeds, cumin seeds, cluster bean, fodder bajra, green gram, moth bean, black gram, spinach, fennel seeds, fodder jowar, among others.