Usha Martin Ltd. — Capital/Financing Update 2019

Jul 26, 2019

· m usha martin

Usha Martin Limited Phone: CIN : L3 l 400WB l 986PLC09 l 62 l (00 91 33) 71006300/599, Fox: (00 91 33) 2282 9029, 71006400/500 Website : www.ushomortin.com 2A, Shakespeare Sarani, Kolkofo (formerly Calcutta) - 700 071 Indio

UMUSECT/

UMUSECT/ July 26, 2019 The Secretary The Secretary Societe de la Bourse de Luxembourg The SSE Limited National Stock Exchange of India Ltd 35A Bouleverd Joseph II Phiroze Jeejeebhoy Exchange Plaza, 5[th ] Floor, L-1840, Luxembourg Towers, Plot No.C/1, G Block, [Scrip Code: US9173002042] Dalal Street BKC, Sandra (E) Mumbai - 400 051 Mumbai - 400 001 [Scrip Code : USHAMART] [Scrip Code: 517146]

Dear Sir,

Pursuant to Regulation 30 read with Part A of Schedule Ill of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that India Rating and Research Pvt. Ltd. has upgraded the Company's Long-term Issuer Rating from existing 'IND BB+' to 'IND BBB+' while resolving the Rating Watch Positive (RWP). The Outlook is Stable.

We have received a letter from the aforementioned Rating Agency today in this regard. The relevant press release by the Rating Agency is available on the website of the Agency.

Thanking you,

Yours faithfully, For Usha Martin Limited

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