212,382 Equity Shares of Proventus Agrocom Limited are subject to a Lock-Up Agreement Ending on 10-JUN-2024. These Equity Shares will be under lockup for 374 days starting from 2-JUN-2023 to 10-JUN-2024.

Details:
Pursuant to Regulation 236 and 238 of SEBI (ICDR) Regulations, an aggregate of 20% of the fully diluted post Offer Equity Share capital of our Company held by our Promoters shall be considered as minimum promoters? contribution and locked-in for a period of three years from the date of allotment of equity shares issued pursuant to this Offer (?Promoter?s Contribution?). 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 terms of Regulation 239 of the SEBI (ICDR) Regulations, 2018, the entire pre-offer 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 Offer. Accordingly, 212,382 Equity shares 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 Offer.