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THANGAMAYIL JEWELLERY LIMITED - Keynote

THANGAMAYIL JEWELLERY LIMITED - Keynote

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<strong>THANGAMAYIL</strong> <strong>JEWELLERY</strong> <strong>LIMITED</strong>applicable. The locked-in Equity Shares held by the Promoters of the Company can be pledgedonly with banks or financial institutions as collateral security for loans granted by such banks orfinancial institutions, provided the pledge of shares is one of the terms of sanction of such loan.(c) Other Requirements in respect of lock-inPursuant to Regulation 39 of the SEBI (ICDR) Regulations 2009, locked-in Equity Shares held bythe Promoters can be pledged with banks or financial institutions as collateral security for loansgranted by such banks or financial institutions, provided that the pledge of shares is one of theterms of sanction of the loan and if the securities are locked in as minimum Promoters’contribution under Regulation 36 of the SEBI Regulations, the same may be pledged only if inaddition to fulfilling the requirement of this regulation, the loan has been granted by the banks orfinancial institution for the purpose of financing one or more of the Objects of the Issue.Shares held by the person other than the Promoters, prior to this Issue, which are subject to lockin as per Regulation 37 of SEBI (ICDR) Regulations 2009, may be transferred to any other personholding shares which are locked in, subject to continuation of lock -in in the hands of transfereesfor the remaining period and compliance of Securities and Exchange Board of India (SubstantialAcquisition of Shares and Takeovers) Regulations, 1997 as applicable.Shares held by Promoter(s) which are locked in as per the relevant provisions of Regulation 36 ofthe SEBI Regulations, may be transferred to and amongst Promoter/Promoter group or to a newpromoter or persons in control of the Company, subject to continuation of lock -in in the hands oftransferees for the remaining period and compliance of Securities and Exchange Board of India(Substantial Acquisition of shares and Takeovers) Regulations, 1997, as applicable.In addition, the Equity Shares subject to lock-in will be transferable subject to compliance withthe SEBI (ICDR) Regulations 2009, as amended from time to time.19

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