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Lock-in of Securities Issued on Firm Allotment Basis

Securities issued on firm allotment basis would be locked-in for one Year from the date of commencement of commercial production, or
date of allotment in public issue, or whichever is later.

Other Requirements with Respect to Lock-in

The other requirements relating to the lock-in of promoters contribution are listed below.

Pledge of Securities

Locked-in securities held by promoters may be pledged only with banks/ financial institutions as collateral security for loans granted by them, provided the pledge of shares is one of the terms of the section of the loan.

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