19,782,460 Equity Shares of Pine Labs Limited are subject to a Lock-Up Agreement Ending on 5-DEC-2025. These Equity Shares will be under lockup for 24 days starting from 11-NOV-2025 to 5-DEC-2025.

Details:
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, except for the equity shares allotted pursuant to the offer for sale; any equity shares allotted to eligible employees of the company, whether currently employees or not, pursuant to erstwhile ESOP 2003 or ESOP 2025; and the equity shares held by VCFs or Category I AIF or Category II AIF or FVCIs, subject to certain conditions set out in Regulations 8A and 17 of the SEBI ICDR Regulations, provided that such equity shares will be locked-in for a period of at least six months from the date of purchase by the VCFs or Category I AIF or Category II AIF or FVCI.

There shall be a lock-in of 90 days on 50% of the equity shares allotted to the anchor investors from the date of allotment, and a lock-in of 30 days on the remaining 50% of the equity shares allotted to the anchor investors from the date of allotment.