Certain Equity Shares of Kaynes Technology India Limited are subject to a Lock-Up Agreement Ending on 16-NOV-2023. These Equity Shares will be under lockup for 365 days starting from 16-NOV-2022 to 16-NOV-2023.

Details:
Pursuant to Regulations 14 and 16 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 three years as minimum promoter?s contribution from the date of Allotment (?Minimum Promoter?s Contribution?) and the shareholding of the Promoters in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of one year from the date of Allotment. Further, the Company pursuant to its letter dated October 20, 2022 has intimated the Monitoring Agency of the aforesaid lock-in requirements.

In addition to the Minimum Promoter?s Contribution, which will be locked in for three years as specified above, the entire pre-Offer Equity Share capital held by the Promoters in excess of the Minimum Promoter?s contribution will be locked-in for a period of one year.

The entire pre-Offer Equity Share capital held by all existing Shareholders (including the Pre-IPO Investors) other than the Promoters, will be locked-in for a period of six months from the date of Allotment in the Offer, except Offered Shares and any other categories of shareholders exempted under Regulation 17 of the SEBI ICDR Regulations. Any unsubscribed portion of the Offered Shares would also be locked-in as required under Regulation 17 of the SEBI ICDR Regulations.