922,800 Equity Shares of Alpex Solar Limited are subject to a Lock-Up Agreement Ending on 14-MAR-2024. These Equity Shares will be under lockup for 31 days starting from 12-FEB-2024 to 14-MAR-2024.

Details:
The Promoters have granted consent to include such number of Equity Shares held by them as may constitute 20.00% of the post-issue Equity Share Capital of Company as Promoters Contribution and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Promoters Contribution from the date 74 of filing of this Draft Red Herring Prospectus until the completion of the lock-in period specified above. In terms of clause (a) of Regulation 238 of the SEBI (ICDR) Regulations, 2018, Minimum Promoters Contribution as mentioned above 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.

Equity Shares locked-in for one year.

50% of the equity shares allotted to the anchor investor shall be locked in for a period of 90 days and the remaining shall be locked in for a period of 30 days from the date of allotment.