Usha Martin Ltd

Usha Martin Limited — Trading Window closed from 1st October 2026 till the expiry of 48 hours after the declaration of unaudited financial results (standalone and consolidated) of the Company for the quarter and half year ending 30th September 2026.

Sale of U M Cables business

• BTA executed on 25 September 2026 for sale of U M Cables' business to RR Kabel.
• Going-concern slump sale; Usha Martin parent facilitates transfer with RR Kabel as purchaser.
• Disclosure already made to stock exchanges on 24 September 2026; available on company website.

Key actions

• Approval of slump sale of UMCL's business to RR Kabel for 77 crore, subject to working capital adjustments.
• Enter into Business Transfer Agreement between UML/UMCL and RR Kabel.
• Completion subject to UMCL shareholder approval and conditions precedent in the BTA.
• UMCL to remain a wholly owned subsidiary; no equity transfer.
• Transaction outside Scheme of Arrangement; Regulation 37A not applicable.
• Long Stop Date for completion: 60 days from BTA execution.
• No change in UML shareholding due to the transaction.
• Buyer RR Kabel Limited is unrelated to UML/UMCL.
• UMCL revenue for FY2026: Rs 78.19 crore.
• UMCL audited net worth as of 31 March 2026: Rs 35.32 crore.
• UMCL's share of UML consolidated revenue was about 2.12% in FY2026.

Reg 29(2) disclosure – Usha Martin

• Target Company: Usha Martin Limited.
• Disclosing Party: Peterhouse Investments Limited (Promoter group, acquirer).
• Transaction Type: Disposal of 200,000 equity shares.
• Pre-Transaction Holding: 2,250,000 equity shares (0.734%); 185,691 GDRs convertible to 928,455 shares.
• Details: 200,000 equity shares sold (0.066% of voting capital).
• Mode: Open Market (NSE).
• Date: 22.09.2026.
• Post-Transaction Holding: 2,050,000 equity shares (0.67%); 185,691 GDRs convertible to 928,455 shares.
• Share capital context: before/after 30,47,41,780; diluted after 30,47,41,780.

Transaction overview

• Target: Usha Martin Limited; Disclosing Party: Nidhi Rajgarhia (promoter).
• Pre-transaction holding: 241,000 equity shares (0.079%).
• Transaction Details: Sold 24,000 equity shares (0.008%), Open Market on NSE, 17-18 Sep 2026.
• Post-transaction holding: 217,000 equity shares (0.071%).
• Share capital: before/after 30,47,41,780 shares.

Meeting Details

• Date: 21 September 2026; time not disclosed.
• Type: Group meeting; mode: in-person.
• Location: Tatisilwai, Ranchi.
• Event: Analyst / Institutional Investor Meeting.

Participants

• Key participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: Investor interaction; discussions based on publicly available information.

Additional Notes

• Note: Schedule subject to change.

Key transaction details

• Target: Usha Martin Limited
• Discloser: Peterhouse Investments Limited (promoter group)
• Transaction: Sale/disposal of 150,000 equity shares
• Pre-transaction holding: 2,600,000 equity shares; 0.85% voting rights
• GDRs convertible into 928,455 equity shares (not yet converted)
• Encumbrances: none reported
• Post-transaction holding: 2,450,000 equity shares; 0.80% voting rights
• Mode: Open Market at NSE
• Dates: 09.09.2026 and 10.09.2026
• Share capital before/after: 30,47,41,780; unchanged
• Total diluted share capital after: 30,47,41,780

Meeting Details

• Type: Group meeting; Event: Analyst/Institutional Investor Meeting.
• Date: Tuesday, 8 September 2026; Time: not disclosed; Location: Ranchi, Tatisilwai; Mode: In-person.

Participants

• Key company participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: Investor meeting to discuss publicly available information.

Additional Notes

• Discussions will be based on publicly available information; UPSI will not be discussed.