413,000 Equity Shares of Fonebox Retail Limited are subject to a Lock-Up Agreement Ending on 29-APR-2024. These Equity Shares will be under lockup for 90 days starting from 30-JAN-2024 to 29-APR-2024.

Details:
Promoters Manishbhai Girishbhai Patel, Amitkumar Gopalbhai Patel, Jigar Lallubhai Desai, Parth Lallubhai Desai and Jigneshkumar Dashratahlal Parekh has given written consent to include 2,055,000 Equity Shares subscribed and held by him as a part of Minimum Promoters? Contribution constituting 20.03% of the post issue Paid-up Equity Shares Capital of our Company (?Minimum Promoters? contribution?) in terms of Sub-Regulation (1) of Regulation 236 of the SEBI (ICDR) Regulations, 2018 and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Minimum Promoters? Contribution, and to be marked Minimum Promoters? Contribution as locked-in. In terms of clause (a) of Regulation 238 of the SEBI (ICDR) Regulations, 2018, Minimum Promoters? Contribution as mentioned 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.

In addition to Minimum Promoters? Contribution which shall be locked-in for three years, the balance 2,777,625 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 as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018. 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 Offer. Accordingly, 2,517,375 Equity shares held by the Persons other than Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer.