10,379,760 Equity Shares of Insolation Energy Limited are subject to a Lock-Up Agreement Ending on 4-OCT-2023. These Equity Shares will be under lockup for 366 days starting from 3-OCT-2022 to 4-OCT-2023.

Details:
Pursuant to Regulation 236 and 238 of SEBI (ICDR) Regulations, an aggregate of 20% of the post-Issue capital held by our Promoter shall be considered as Promoters? Contribution (?Promoters Contribution?) and locked-in for a period of three years from the date of allotment of equity shares issued pursuant to this Issue. The lock-in of the Promoters? 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 addition to 20% of the post issue capital of our company held by the Promoters, which will be locked-in for three years, the balance 1,03,79,760 Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018.