3,533,800 Equity Shares of Lagnam Spintex Limited are subject to a Lock-Up Agreement Ending on 29-NOV-2021.
November 29, 2021
Share
3,533,800 Equity Shares of Lagnam Spintex Limited are subject to a Lock-Up Agreement Ending on 29-NOV-2021. These Equity Shares will be under lockup for 1174 days starting from 12-SEP-2018 to 29-NOV-2021.
Details:
The Promoters, Dwarka Prasad Mangal and Anand Mangal have agreed not to dispose off an aggregate of 3,533,800 shares for a period of three years from the allotment date in the issue.
The entire remaining pre-issue share capital of the company, will be under lock-up for a period of one year from the allotment date in the issue, wherein 4,994,000 shares are under lock up till November 29, 2019 and 3,141,200 shares are under lock up till November 30, 2019.
Lagnam Spintex Limited is an India-based company that manufactures cotton yarn. The Company is engaged in manufacturing of ring and open-end (OE) yarn for the domestic and export market ranging from count Ne 4 to Ne 40, which are used in denim, terry towels, bottom wears, home textiles and industrial fabrics. Its products include Yarn spun on perforated tubes / Soft package for direct Dyeing (ring and OE); low twist, high RKM OE yarn; low twist yarn in OE; Cotton Open End yarn from NE 6 to NE 24; Compact Slub yarn; Cotton Ring Spun Combed Yarns from Ne 20 to Ne 40; cotton Compact Ring Spun Combed Yarns from Ne 20 to Ne 40, and others. It produces 100% cotton yarns for both knitting and weaving, which are used for multiple applications, such as denim, terry towel, knitting, shirting, sheeting, sweaters, socks, weaving, bottom wear, home textile, industrial fabric and others. It exports cotton yarns to countries, such as Portugal, Italy, Germany, Turkey, Egypt, Belgium and others.
LAGNAM SPINTEX LIMITED 