190,000 Equity Shares of Niks Technology Limited are subject to a Lock-Up Agreement Ending on 30-MAY-2022. These Equity Shares will be under lockup for 430 days starting from 26-MAR-2021 to 30-MAY-2022. Details: Pursuant to the Regulation 236 and 238 of SEBI (ICDR) Regulations, 2018, an aggregate of at least 20% of the post issue Equity Share capital of Company held by Promoter shall be considered as Promoters' contribution (“Promoters' Contribution”) and locked-in for a period of three years from the date of Allotment. Promoter have granted consent to include such number of Equity Shares held by them as may constitute of the post issue Equity Share capital of Company as Promoters' Contribution and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoters' Contribution from the date of filing of Niks Technology Limited this Draft Prospectus until the commencement of the lock-in period specified above. Details of the Equity Shares forming part of Promoters' Contribution and proposed to be locked-in for a period of three years. Pursuant to regulation 238(b) and 239 of the SEBI (ICDR) Regulations, 2018, other than the Equity Shares held by Promoter, 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, other than the Equity Shares allotted and subscribed pursuant to the Offer for Sale.