1,388,616 Equity Shares of Krishival Foods Limited are subject to a Lock-Up Agreement Ending on 28-MAR-2025. These Equity Shares will be under lockup for 1096 days starting from 28-MAR-2022 to 28-MAR-2025.
Details:
Pursuant to Regulations 236 and 238 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Issue Equity Share capital of the Company held by the Promoters shall be provided towards minimum Promoter? contribution and locked-in for a period of three years from the date of Allotment.
In addition to Minimum Promoters? Contribution which shall be locked-in for three years, the balance Equity Shares held by Promoter shall be locked in for a period of one year from the date of allotment in the Initial Public Issue as provided in clause (b) of Regulation 238 of the SEBI ICDR Regulations, 2018.
In terms of Regulation 239 of the SEBI ICDR Regulations, 2018, the entire pre-issue capital held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Issue.
Krishival Foods Limited is an India-based company, which is engaged in the business of processing, selling and trading of dry fruits and nuts. The Company's dry fruits are 100% natural, ensuring they are grown without the use of synthetic pesticides, fertilizers or genetically modified organisms (GMOs). Its product categories include cashews, almonds, pistachios, dry figs, combo, peanuts and raisins. Its cashews category includes king of cashews, jumbo cashews, popular cashews, split cashews, assorted cashews, chilli cashews, pepper cashews and salted cashews. The Company's almonds category includes California Salted Almonds and California Almonds. Its combo category includes Jumbo Cashews + California Almonds + Pistachios, California Salted Almonds + Pistachios + Dry Figs, King of Cashews + California Almonds, King of cashews + California Almonds, King of Cashews + Pepper Cashews, King of Cashews + Chilli Cashews, King of Cashews + Dry Fig and King of cashews + Assorted Cashews.
