11,808,614 Equity Shares of Honasa Consumer Limited are subject to a Lock-Up Agreement Ending on 31-JAN-2024. These Equity Shares will be under lockup for 90 days starting from 2-NOV-2023 to 31-JAN-2024.

Details:
In accordance with Regulation 14 and Regulation 16(1) of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer equity share capital of the Company held by the Promoters, shall be locked in for a period of 18 months, or such other period as prescribed under the SEBI ICDR Regulations, as minimum promoters? contribution from the date of Allotment (?Promoters? Contribution?), and the Promoters? shareholding in excess of 20% of the fully diluted post-Offer equity share capital shall be locked in for a period of six months from the date of Allotment.

In addition to the 20% of the fully diluted post-Offer shareholding of the Company held by the Promoters locked in for 18 months, the entire pre-Offer equity share capital of the Company will be locked-in for a period of six months from the date of Allotment except for (i) any Equity Shares held by the employees (whether currently employees or not) of the Company which have been or will be allotted to them under the ESOP Schemes; and (ii) the Equity Shares held by Shareholders who are VCFs, Category I AIFs, Category II AIFs or FVCIs, provided that such Equity Shares will be locked-in for a period of at least six months from the date of purchase by such VCFs or Category I AIFs or Category II AIFs or FVCI Shareholders respectively, subject to the provisions of Regulation 8A(c) of the SEBI ICDR Regulations. In accordance with Regulation 8A(c) of the SEBI ICDR Regulations, for Shareholders holding (individually or with persons acting in concert) more than 20% of pre-Offer shareholding of the Company on a fully diluted basis, the provisions of lock-in as specified under Regulation 17 of the SEBI ICDR Regulations shall be applicable, and relaxation from lock-in as provided under Regulation 17(c) of the SEBI ICDR Regulations is not applicable. Stellaris and Fireside Ventures Fund, being Category I AIFs each holding less than 20% of the pre ? Offer share capital of the Company, are exempt from the lock ? in period of six months from the date of purchase as envisaged under Regulation 17 of the SEBI ICDR Regulations.

50% of the Equity Shares allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period of 90 days from the date of Allotment and the remaining Equity Shares allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period of 30 days from the date of Allotment.