1,699,116 Equity Shares of Ascensive Educare Limited are subject to a Lock-Up Agreement Ending on 6-JAN-2023. These Equity Shares will be under lockup for 364 days starting from 7-JAN-2022 to 6-JAN-2023.

Details:
Pursuant to the Regulation 236 and 238 of the SEBI (ICDR) Regulations, an aggregate of 20% of the Post-Issue Equity Share Capital held by our Promoters shall be considered as promoter's contribution (“Promoter's Contribution”) and locked-in for a period of three years from the date of Allotment. The lock-in of the Promoter's Contribution would be created as per applicable law and procedure and details of the same shall also be provided to the Stock Exchange before listing of the Equity Shares.

On 6 January,2023 this many 1,699,116 are subjected to be in Lock-up

On 6 January,2025 this many 642,000 are subjected to be in Lock-up

Pursuant to Regulation 238(b) of the SEBI (ICDR) Regulations, in addition to the Promoter's Contribution to be locked-in for a period of 3 years, as specified above, the entire Pre-Issue Equity Share capital will be locked in for a period of one (1) year from the date of Allotment in this Issue, other than the Equity Shares allotted and subscribed pursuant to the Offer for Sale.