6,840,000 Equity Shares of Fone4 Communications (India) Limited are subject to a Lock-Up Agreement Ending on 2-MAY-2023. These Equity Shares will be under lockup for 365 days starting from 2-MAY-2022 to 2-MAY-2023.

Details:
Pursuant to Regulation 236 of SEBI (ICDR) Regulations 2018, minimum promoters' contribution should be not less than 20% of the post Issue equity share capital of our Company. Such shares will be locked-in for a period of three years from the date of Allotment or date of commencement of commercial production, whichever is later and the Equity Shares held by Promoter of the Company in excess of minimum promoter's contribution will be locked-in for a period of one year from the date of Allotment.