10,436,800 Equity Shares of Sah Polymers Limited are subject to a Lock-Up Agreement Ending on 8-JUL-2023. These Equity Shares will be under lockup for 183 days starting from 6-JAN-2023 to 8-JUL-2023.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, since majority of the issue proceeds are to be used for capital expenditure (setting up of a new unit / expansion) an aggregate of 20% of the fully diluted post-Issue Equity Share capital of the Company held by the Promoter, shall be locked in for a period of 3 years as minimum promoter’s contribution from the date of Allotment (“Promoter’s Contribution”), and the Promoter’s shareholding in excess of 20% of the fully diluted post-Issue Equity Share capital shall be locked-in for a period of one year from the date of Allotment.

Unless provided otherwise under applicable law, pursuant to the SEBI ICDR Regulations, the promoters’ holding in excess of minimum promoters’ contribution shall be locked-in for a period of 1 (one) year from the date of Allotment or such other minimum lock-in period as may be prescribed under the SEBI ICDR Regulations.

The entire pre-issue capital held by persons other than the Promoters shall be locked-in for a period of 6 (six) months from the date of Allotment.

Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in the following manner: There shall be a lock-in of 90 days on 50% of the Equity Shares Allotted to the Anchor Investors from the date of Allotment, and a lock-in of 30 days on the remaining 50% of the Equity Shares Allotted to the anchor Investors from the date of Allotment.