Certain Equity Shares of Tatva Chintan Pharma Chem Limited are subject to a Lock-Up Agreement Ending on 26-JUL-2022.
July 26, 2022
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Certain Equity Shares of Tatva Chintan Pharma Chem Limited are subject to a Lock-Up Agreement Ending on 26-JUL-2022. These Equity Shares will be under lockup for 369 days starting from 22-JUL-2021 to 26-JUL-2022.
Details:
A total of 4,433,013 shares, equal to an aggregate of 20% of the fully diluted post-offer equity share capital of the company held by the promoters, namely Ajaykumar Mansukhlal Patel, Chintan Nitinkumar Shah, and Shekhar Rasiklal Somani, shall be locked in for a period of three years as minimum promotersÆ contribution from the date of allotment in the issue.
Apart from 20% of the fully diluted post-offer shareholding of the company held by the promoters and locked in for three years and equity shares offered by the selling shareholders as part of the offer for sale, the entire pre-offer equity share capital of the company will be locked-in for a period of one year from the date of allotment in the issue.
Tatva Chintan Pharma Chem Limited is an India-based specialty chemical manufacturing company. The Company is engaged in the manufacturing of verity of chemicals include structure directing agents (SDAs), phase transfer catalysts (PTCs), electrolyte salts for capacitor batteries, and pharmaceutical and agrochemical intermediates, and other specialty chemicals (PASC). Its SDAs are quarternary salts, which helps in the formation of channels and pores during the synthesis of zeolites. Its PTCs are used to facilitate the migration of a reactant from one phase into another phase where the reaction occurs in a heterogeneous multi-phase system. The Company operates two manufacturing facilities situated at Ankleshwar and Dahej in Bharuch, Gujarat, India. The Company is focused on serving various customers across various industries, including the automotive, petroleum, pharmaceutical, agro chemicals, paints and coatings, dyes and pigments, personal care and flavors and fragrances industries.
TATVA CHINTAN PHARMA CHEM LIMITED 
