3,062,000 Equity Shares of Gayatri Rubbers and Chemicals Limited are subject to a Lock-Up Agreement Ending on 27-FEB-2024. These Equity Shares will be under lockup for 390 days starting from 2-FEB-2023 to 27-FEB-2024.

Details:
Pursuant to the Regulation 236 and 238 of SEBI ICDR Regulations, an aggregate of at least 20% of the post Issue Equity Share capital of the Company held by the Promoter shall be locked-in for a period of three years from the date of Allotment in this Issue. As on date of the Draft Prospectus, the Promoters holds 42,10,000 Equity Shares constituting 73.37% of the Post Issue Issued, Subscribed and Paid-up Equity Share Capital of the Company, which are eligible for Promoter?s Contribution.

Pursuant to Regulation 238(b) and 239 of the SEBI ICDR Regulations, other than the Equity Shares held by the Promoters, which will be locked-in as minimum Promoters? contribution for three years, all pre-issue Equity Shares shall be subject to lock-in for a period of one year from the date of Allotment in this Issue.