13,159,525 Equity Shares of Empyrean Cashews Limited are subject to a Lock-Up Agreement Ending on 28-MAR-2023. These Equity Shares will be under lockup for 365 days starting from 28-MAR-2022 to 28-MAR-2023.

Details:
Pursuant to Regulations 236 and 238 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Issue Equity Share capital of the Company held by the Promoters shall be provided towards minimum Promoter' contribution and locked-in for a period of three years from the date of Allotment.

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