32,186,735 Equity Shares of CMS Info Systems Limited are subject to a Lock-Up Agreement Ending on 29-JUN-2023. These Equity Shares will be under lockup for 552 days starting from 24-DEC-2021 to 29-JUN-2023.

Details:
Pursuant to SEBI ICDR regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of held by the promoter shall be provided towards minimum promoter’s contribution and locked-in for a period of eighteen months from the date of Allotment or any other date as may be specified by SEBI and the shareholding of the Promoter in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment or any other date as may be specified by SEBI.

In addition to the 20% of the fully diluted post-Offer shareholding of Company held by the Promoter locked in for eighteen months as specified above, the entire pre-Offer Equity Share capital of 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, except for the Equity Shares offered pursuant to the Offer for Sale; any Equity Shares held by the eligible employees (whether currently employees or not) of our Company which have been or will be allotted to them under CEO ESOP 2016, Management ESOP 2016 or Employees ESOP 2016; the minimum promoter’s contribution which shall be locked for a period of eighteen months as detailed above; and (iv) the Equity Shares held by VCFs or Category I AIF or Category II AIF or FVCI, subject to certain conditions set out in Regulation 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.