5,477,840 Equity Shares of Auro Impex & Chemicals Limited are subject to a Lock-Up Agreement Ending on 18-MAY-2024. These Equity Shares will be under lockup for 367 days starting from 17-MAY-2023 to 18-MAY-2024.

Details:
Pursuant to Regulation 236 and 238 of SEBI (ICDR) Regulations, 2018 an aggregate of 20% of the post offer 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 commencement of commercial production or date of allotment, whichever is later. 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.

In terms of Regulation 238(b) and 239 of the SEBI (ICDR) Regulations, 2018, in addition to the Minimum Promoter?s contribution which is locked in for three years, as specified above, the entire pre-offer equity share capital shall be locked in for a period of one year from the date of allotment of Equity Shares in this Offer.