1,282,400 Equity Shares of Silver Pearl Hospitality & Luxury Spaces Limited are subject to a Lock-Up Agreement Ending on 14-JUN-2023. These Equity Shares will be under lockup for 365 days starting from 14-JUN-2022 to 14-JUN-2023.

Details:
Company's promoters have granted consent to include 1,570,600 Equity Shares held by them (constituting 20% of the post-issue Equity Share Capital of the Company as Minimum Promoters' Contribution), for a lock-in period of three years from the date of Allotment, and have agreed not to sell or transfer or pledge or otherwise dispose of such shares, in any manner.

In addition to Minimum Promoters' Contribution which shall be locked-in for three years, the balance Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer.

In terms of Regulation 239 of the SEBI (ICDR) Regulations, 2018, the entire pre-issue 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 Issue.