21,909,040 Equity Shares of Ratnaveer Precision Engineering Limited are subject to a Lock-Up Agreement Ending on 11-MAR-2024. These Equity Shares will be under lockup for 187 days starting from 6-SEP-2023 to 11-MAR-2024.

Details:
Pursuant to Regulation 14 and 16 of the SEBI ICDR Regulations, an aggregate of at least 20% of the post-Offer Equity Share Capital of our Company held by our Promoter shall be considered as Promoter?s Contribution ("Promoter?s Contribution") and shall be locked-in for a period of eighteen (18) months from the date of Allotment. The lock-in of the Promoter?s Contribution would be created as per applicable law and procedure and details of the same shall also be provided to the Stock Exchanges before listing of the Equity Shares.

In terms of Regulation 16(1)(b) and 17 of the SEBI ICDR Regulations, Promoter?s holding in excess of minimum Promoter?s Contribution, which will be locked-in for six (6) months and the entire pre Offer capital held by the persons other than Promoter, all the pre-Offer Equity Share capital shall be subject to lock-in for a period of six (6) months from the date of Allotment.