Description

Lock-in schedule for JSW Cement Limited equity shares with various lock-in periods ranging from 30 days to 3 years for different shareholder categories.

Summary

JSW Cement Limited has provided detailed lock-in schedules for its equity shares following listing. The circular outlines lock-in periods for different categories of shareholders including promoters, anchor investors, and ESOP trust holdings, with lock-in periods ranging from 30 days to 3 years.

Key Points

  • Total of 136.33 crore equity shares with various lock-in arrangements
  • Promoter shares locked-in for 3 years (until August 12, 2028)
  • Anchor investor shares have 30-day and 90-day lock-in periods
  • ESOP trust shares of 3.25 crore are not under lock-in
  • All shares are in demat form
  • Lock-in details reference prospectus pages 146-149

Lock-in Schedule

Promoter Lock-in (3 years until Aug 12, 2028):

  • 27.27 crore shares (Distinctive Nos. 1 to 27,26,78,000)
  • 60.27 crore shares (Distinctive Nos. 27,26,78,001 to 87,53,60,044)

1-Year Lock-in (until Aug 12, 2026):

  • 20.86 crore shares (Distinctive Nos. 87,53,60,045 to 1,08,39,92,932)

18-Month Lock-in (until Feb 12, 2026):

  • 19.67 lakh shares (Distinctive Nos. 1,08,39,92,933 to 1,08,59,60,286)

Anchor Investor Lock-in:

  • 3.67 crore shares locked until Sep 10, 2025 (30 days)
  • 3.67 crore shares locked until Nov 9, 2025 (90 days)

No Lock-in:

  • 3.25 crore ESOP trust shares
  • 17.14 crore IPO public shares

Compliance Requirements

  • Shares cannot be traded during respective lock-in periods
  • Lock-in compliance as per SEBI regulations and prospectus terms
  • Company secretary certification for lock-in arrangements

Important Dates

  • August 13, 2025: Circular date
  • September 10, 2025: 30-day anchor lock-in expires
  • November 9, 2025: 90-day anchor lock-in expires
  • February 12, 2026: 18-month lock-in expires
  • August 12, 2026: 1-year lock-in expires
  • August 12, 2028: 3-year promoter lock-in expires

Impact Assessment

The lock-in schedule will affect trading liquidity in JSW Cement shares over the next three years. Initial trading will be limited to public issue shares and ESOP trust holdings (approximately 20.39 crore shares). Gradual release of locked-in shares will increase available float, potentially impacting share price volatility and trading volumes at each unlock date.

Impact Justification

Standard listing circular with lock-in details affecting trading liquidity for specific shareholder categories