29,625,223 Equity Shares of Flair Writing Industries Limited are subject to a Lock-Up Agreement Ending on 28-MAY-2024. These Equity Shares will be under lockup for 185 days starting from 25-NOV-2023 to 28-MAY-2024.

Details:
Pursuant to Regulations 14 and 16(1)(a) of the SEBI ICDR Regulations, an aggregate of at least 20% of the fully diluted post-Offer Equity Share capital of our Company held by our Promoters shall be considered as the minimum Promoters? contribution and, in view of the proposed objects of the Fresh Issue, is required to be locked-in for a period of three years from the date of Allotment.

In addition to the Equity Shares proposed to be locked-in as part of the minimum Promoters? contribution and the Promoter?s shareholding in excess of 20%, as stated above, as prescribed under the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of our Company (including any unsubscribed portion of the Offered Shares) will be locked-in for a period of six months from the date of Allotment of Equity Shares in the Offer including any unsubscribed portion of the Offer for Sale, in accordance with Regulations 16(1)(b) and 17 of the SEBI ICDR Regulations.