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Usha Martin Ltd. Capital/Financing Update 2025

Aug 12, 2025

60724_rns_2025-08-12_7e789f5f-1f91-4e4e-bce2-d001205b595a.pdf

Capital/Financing Update

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Date: 12[th] August 2025

The Secretary The Manager Societe de la Bourse de Luxembourg BSE Limited National Stock Exchange of India Ltd. 35A Bouleverd Joseph II Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, L-1840, Luxembourg Dalal Street Plot No. C/1, G Block, [Scrip Code: US9173002042] Mumbai – 400 001 Bandra Kurla Complex, Bandra [Scrip Code: 517146] Mumbai – 400 051 [Symbol: USHAMART]

Dear Sir/Madam,

Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Grant of stock options under the Usha Martin Limited Employee Stock Option Plan – 2024 (“Plan”)

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Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and provisions of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, we wish to inform you that the Nomination & Remuneration Committee (“NRC”) of Usha Martin Limited (“Company”), at its meeting held on 12th August 2025, has approved grant of 1,66,000 stock options (“Options”) in aggregate to the eligible employees of the Company and its subsidiaries under Usha Martin Limited Employee Stock Option Plan – 2024, exercisable into not more than 1,66,000 equity shares of Face Value of Re. 1/- each fully paid-up of the Company.

The details as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November 2024 are given below:

The details as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11thNovember 2024 are given below:	The details as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11thNovember 2024 are given below:	The details as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11thNovember 2024 are given below:
Sl. No. Particulars Details 1. Brief details of options granted 1,66,000 Options have been granted by the NRC of the Company, which is exercisable into not more than 1,66,000 equity shares of Face Value of Re. 1/- each fully paid-up of the Company. 2. Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ? Yes 3. Total number of shares covered by these options 1,66,000 equity shares of Face Value Re 1/- each 4. Pricing formula The Exercise Price for the options granted shall be at a discount of 20% (rounding off to nearest integer) on the closing market price of the shares of the Company on the National Stock Exchange of India Limited (having highest trading volume) as on the date of this grant. 5. Time within which option may be exercised Vested options cannot be exercised after a period of more than 1 year from the date of vesting of options. 6. Brief details of significant terms The terms of the Plan, approved by the shareholders, are applicable to the above grant.
Sl. No. Particulars Details
1. Brief details of options granted 1,66,000 Options have been granted by the NRC of the Company, which is exercisable into not more than 1,66,000 equity shares of Face Value of Re. 1/- each fully paid-up of the Company.
2. Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ? Yes
3. Total number of shares covered by these options 1,66,000 equity shares of Face Value Re 1/- each
4. Pricing formula The Exercise Price for the options granted shall be at a discount of 20% (rounding off to nearest integer) on the closing market price of the shares of the Company on the National Stock Exchange of India Limited (having highest trading volume) as on the date of this grant.
5. Time within which option may be exercised Vested options cannot be exercised after a period of more than 1 year from the date of vesting of options.
6.	Brief details of significant terms	The terms of the Plan, approved by the shareholders, are applicable to the above grant.

Note : Other details such as options vested, options exercised, money realized by exercise of Options, total number of equity shares arising as a result of exercise of options, variation of terms of options, options lapsed, subsequent changes/cancellation/exercise of such options, diluted earnings per share pursuant to issue of equity shares on exercise of options, etc. specified by SEBI are not applicable in case of disclosure in relation to grant of options, and have accordingly not been included herein.

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Usha Martin Ltd. — Capital/Financing Update 2025

60724_rns_2025-08-12_7e789f5f-1f91-4e4e-bce2-d001205b595a.pdf

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