2,639,375 Equity Shares of MCON Rasayan India Limited are subject to a Lock-Up Agreement Ending on 20-MAR-2024. These Equity Shares will be under lockup for 369 days starting from 17-MAR-2023 to 20-MAR-2024.

Details:
In terms of clause (a) of Regulation 238 of the SEBI (ICDR) Regulations, 2018, Minimum Promoter?s Contribution as mentioned above shall be locked-in for a period of three years from the date of commencement of commercial production or date of allotment in the Initial Public Offer, whichever is later.

In addition to the Promoter?s Contribution that are locked-in for three years as the minimum Promoter?s contribution, the promoter and public shareholding pre-issue Equity Share capital of our Company, shall be locked in for a period of one year from the date of Allotment in the Public Issue. Further, such lock-in of the Equity Shares would be created as per the bye laws of the Depositories.