2,035,500 Equity Shares of Tapi Fruit Processing Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2023.
October 30, 2023
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2,035,500 Equity Shares of Tapi Fruit Processing Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2023. These Equity Shares will be under lockup for 375 days starting from 21-SEP-2022 to 1-OCT-2023.
Details:
Pursuant to the Regulations 236 and 238 of SEBI ICDR Regulations, an aggregate of at least 20% of the post Issue Equity Share capital of Company held by Promoters shall be locked-in for a period of three years from the date of Allotment in this Issue. As on date of this Draft Prospectus, Promoters holds 28,06,500 Equity Shares constituting 99.26% of the Pre-Issued, Subscribed and Paid-up Equity Share Capital of Company, which are eligible for Promoters? Contribution.
Pursuant to regulation 238(b) and 239 of the SEBI (ICDR) Regulations, other than the Equity Shares held by our Promoters, which will be locked-in as minimum Promoters? contribution for three years, all pre-Issue 20,35,500 Equity Shares shall be subject to lock-in for a period of one year from the date of Allotment in this Issue.
Pursuant to regulation 238(b) and 239 of the SEBI (ICDR) Regulations, other than the Equity Shares held by Promoters, which will be locked-in as minimum Promoters? contribution for three years, all pre-Issue [?] Equity Shares shall be subject to lock-in for a period of one year from the date of allotment in this Issue
Tapi Fruit Processing Limited is an India-based company. The Company is engaged in manufacturing and selling of jam and jelly-based products. The Companyâs product portfolio includes Fruit Jelly, Fruit Jam, Ketchup, Fruit Bar, Candied Fruit, Fruit Crush, Nutraceutical Gummies, and Bakery & Institutional. Its products under Candied Fruit category includes tooty fruity, karonda cherry, amla candy. It sells these products under its brands Tapi, MumMum and Boleto. Its products under Fruit Jelly include jelly balls, fruit bears, fruit jelly pops, Jams, fruit katli and jelly cubes, and others. It manufactures herbal based nutraceutical products as gummies, fortified with minerals as a functional food. These products are available as multi-vitamin gummies, and others. It sells ketchup made from tomato paste under its brand Tapi. Its beverage products include fruit crush and fruit syrups. The Companyâs manufacturing unit is located in Surat, Gujarat.