3,595,000 Equity Shares of Aristo Bio-Tech and Lifescience Limited are subject to a Lock-Up Agreement Ending on 10-FEB-2024.
February 09, 2024
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3,595,000 Equity Shares of Aristo Bio-Tech and Lifescience Limited are subject to a Lock-Up Agreement Ending on 10-FEB-2024. These Equity Shares will be under lockup for 376 days starting from 30-JAN-2023 to 10-FEB-2024.
Details:
The minimum Promoter?s contribution has been brought into the extent of not less than the specified minimum lot and from persons defined as ?promoter? under the SEBI ICDR Regulations. All Equity Shares, which are being locked in are not ineligible for computation of Minimum Promoters Contribution as per Regulation 237 of the SEBI ICDR Regulations and are being locked in for 3 years as per Regulation 236 of the SEBI ICDR Regulations i.e., for a period of three years from the date of allotment of Equity Shares in this Issue.
In terms of Regulation 236 and 237 of the SEBI ICDR Regulations, in addition to the Minimum Promoters contribution which is locked in for 3 (three) years, as specified above, the entire pre-issue equity share capital held by promoters and entire pre-issue capital held by persons other than promoters of the Company i.e. Promoter Group members Equity Shares shall be locked in for a period of 1 (one) year from the date of allotment of Equity Shares in this Issue.
Our Promoters, Mr. Narendra Singh Barhat, Mrs. Kusum Narendra Singh Barhat and Mr. Ketankumar Harkantbhai Joshi has, by a written undertaking, consented to have 14,00,000 Equity Shares held by them to be locked in as Minimum Promoters Contribution for a period of three years from the date of allotment in this Issue and will not be disposed/sold/transferred by the promoter during the period starting from the date of filing this Prospectus with EMERGE Platform of NSE till the date of commencement of lock-in period as stated in this Prospectus.
In terms of Regulation 236 and 237 of the SEBI ICDR Regulations, in addition to the Minimum Promoters contribution which is locked in for 3 (three) years, as specified above, the entire pre-issue equity share capital held by promoters and entire pre-issue capital held by persons other than promoters of our Company i.e. Promoter Group members 35,95,000 Equity Shares shall be locked in for a period of 1 (one) year from the date of allotment of Equity Shares in this Issue.
Aristo Bio-Tech and Lifescience Limited is an India-based agrochemical company. The Company is engaged in the manufacturing, formulation, supplying, packaging and job work services of various pesticides, insecticides, herbicides, fungicides, plant growth regulators and a variety of other agrochemicals for India, as well as for export. The company manufactures agrochemicals, such as insecticides, herbicides, fungicides and plant growth regulators which are directly sold to its customers and is also engaged in job work as per customer requirements. The Company also provides contract manufacturing, job work and toll manufacturing services and products for Indian and multinational crop protection companies. It supplies its products across 20 states, including Assam, Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana and others.