Usha Martin Ltd. — Capital/Financing Update 2024

Jan 24, 2024

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January 24, 2024

The Secretary The Secretary Societe de la Bourse de National Stock Exchange of India Ltd BSE Limited Luxembourg 35A Plot No C/1, G Block Phiroze Jeejeebhoy Bouleverd Joseph II L- Bandra Kurla Complex, Towers, Dalal Street 1840, Luxembourg [Scrip Bandra (E), Mumbai- 400051 Mumbai- 400001 Code: US9173002042] [Symbol: USHAMART] [Scrip Code: 517146]

Dear Sir / Madam,

Sub : Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

We refer to our letter dated January 15, 2024 wherein it was informed that Usha Siam Steel Industries Public Company Limited (hereinafter referred to as “USSIPCL”), a subsidiary of the Company in Thailand had entered into an Agreement on January 15, 2024 to acquire 50% of the share capital of Tesac Usha Wirerope Company Limited (hereinafter referred to as “TUWCL”), a step-down joint venture of the Company from Kobelco Wire Company Limited.

In this regard, please note that the aforementioned acquisition of shares of TUWCL by USSIPCL from Kobelco Wire Company Limited has been completed today.

This is for your information and record.

Yours sincerely, For Usha Martin Limited

SHAMPA Digitally signed by GHOSH SHAMPA RAY GHOSH RAY

Shampa Ghosh Ray Company Secretary