Usha Martin Ltd. — AGM Information 2019

Sep 21, 2019

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Usha Martin Limited 2A, Shakespeare Sarani, Kolkolo (formerly Calcutta) - 700 071, India Website : www.ushomartin.com Phone: (00 91 33) 71006300/599, Fox: (00 91 33) 2282 9029, 71006400/500 CIN : L31400WB 1986PLC09 l 621

UML/SECT/

September 21, 2019

The Secretary The SSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001 [Scrip Code: 517146)

Societe de la Bourse de Luxembourg 35A Bouleverd Joseph II L-1840, Luxembourg {Scrip Code: US9173002042]

The Secretary National Stock Exchange of India Ltd Exchange Plaza, 5[th ] Floor, Plot No.C/1, G Block, Sandra Kurla Complex, Sandra (E) Mumbai - 400 051 {Scrip Code: USHAMART]

Dear Sirs,

33[rd ] Annual General Meeting

Pursuant to the provIsIons of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("Listing Regulations"), a summary of the proceedings of the 33[rd ] Annual General Meeting (AGM) of the Company held on Saturday, 21[st ] September, 2019 at "Kala Kunj", 48 Shakespeare Sarani, Kolkata - 700017 is enclosed for your record.

All Resolutions for approval at the 33[rd ] AGM, as set out in the Notice dated 26[th ] July, 2019 were proposed and put to vote by Ballot at the AGM venue as well, except Resolution No. 2 which was withdrawn consequent upon resignation of Mr. Prashant Jhawar as director of the Company effective 13th September, 2019. The voting results, in the prescribed format in terms of Regulation 44(3) of the Listing Regulations will be submitted subsequent to the Scrutiniser providing the voting result.

Thanking you,

Yours faithfully, For Usha Martin Limited

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Encl : As mentioned above.

m usha martin

Usha Martin Limited Phone: (00 91 33) 71006300/599, Fox: (00 91 33) 2282 9029, 71006400/500 2A, Shakespeare Sarani, Kolkoto (formerly Calcutta) - 700 071, Indio CIN : L31400W81986PLC091621

Website : www.ushomortin.com

Summar of the Proceedings of the 33[rd ] Annual General Meeting

The 33[rd ] Annual General Meeting (AGM) of the Members of Usha Martin Limited was convened at 11.00 A.M on Saturday, 21[st ] September, 2019 at "Kala Kunj", 48 Shakespeare Sarani, Kolkata - 700017 and concluded at 1:10 P.M.

• Mr. Mukesh Rohatgi, Director of the Company, chaired the Meeting in accordance with the provision of the Articles of Association of the Company. The requisite quorum being present, the business at the Meeting was taken up and quorum remained present throughout the Meeting. 7 49 members were present in person or through proxy at the Meeting.

• The Chairman of the Meeting covered the items of Ordinary Business and Special Business at the Meeting, as listed under Serial Nos. 1 to 5, except item no. 2 which was withdrawn consequent upon resignation of Mr. Prashant Jhawar [DIN: 00353020] as a director of the Company effective 13th September, 2019. Opportunity was given to all attending Members to seek clarifications on the Resolutions placed at the meeting and accordingly the same were addressed by the Chairman of the Meeting.

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• The facility of casting votes by remote e-voting was provided to Members from 9:00 A.M. on 18 September, 2019 till 5:00 P.M. on 20th September 2019. Voting through Ballot Paper was also provided at the AGM Venue.

The following items of business as per the Notice of the 33rd AGM dated 26th July, 2019 were transacted:

Ordinar Business

1. Adoption of the Fin.ancial Statements of the company (both standalone and consolidated basis) for the year ended 31[s][t ] March, 2019 together with the Directors' and Auditors' Report thereon.

Special Business

• for a term of four consecutive years commencing from 27th May, 2019.

• 1. Appointment of Mr. Vijay Singh Bapna [DIN: 02599024] as an Independent Director of the Company

1. Appointment of Mrs. Ramni Nirula [DIN: 00015330] as an Independent Director of the Company for a term of five consecutive years commencing from 26th July, 2019

2. Ratification of remuneration of Rs.1,05,000/- per annum (plus service tax as applicable and reimbursement of actual out of pocket expenses) payable to Messers Guha, Ghosh, Kar & Associates, the Cost Auditors of the Company for Financial Year ending 31[st ] March 2020.

The voting results shall be intimated as and when the Scrutinizer's Report is available.

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