5,723,628 Equity Shares of Venus Pipes and Tubes Limited are subject to a Lock-Up Agreement Ending on 22-MAY-2023. These Equity Shares will be under lockup for 369 days starting from 18-MAY-2022 to 22-MAY-2023.

Details:
Aggregate of 20% of the fully diluted post-Offer Equity Share capital of Company held by Promoter shall be considered as minimum promoter's contribution and locked-in for a period of three years from the date of Allotment.

Promoters' holding in excess of he Promoters' Contribution shall be locked-in for a period of one year from the date of Allotment.