3,972,193 Equity Shares of Sahana System Limited are subject to a Lock-Up Agreement Ending on 20-JUN-2024. These Equity Shares will be under lockup for 381 days starting from 5-JUN-2023 to 20-JUN-2024.

Details:
As required by clause (a) of Regulation 238, minimum promoter's contribution i.e. 15,99,300 equity shares held by the promoter Pratik Kakadia which shall 20.00% of proposed post-issue paid up capital 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.

As required by clause (b) of Regulation 238, the excess of minimum promoters? contribution i.e. 27,92,505 equity shares held by the promoter shall be locked-in for a period of one year from the date of allotment in present initial public offer.

As required by Regulation 239, the entire pre-issue capital held by persons other than the promoter shall be locked-in for a period of one year from the date of allotment in the present initial public offer.