Usha Martin Ltd. — Capital/Financing Update 2025

Jul 31, 2025

==> picture [176 x 95] intentionally omitted <==

Date: 31[st] July 2025

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

Dear Sir/Madam,

==> picture [580 x 14] intentionally omitted <==

Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Credit Rating

==> picture [580 x 13] intentionally omitted <==

Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that India Ratings and Research Pvt. Ltd. has sent an intimation to the Company on 30[th] July 2025 at 5:35 p.m. (IST) reaffirming the rating with respect to Long Term Credit Facilities (Bank Facilities) and Short-Term Credit Facilities (Non fund based Working Capital Limits & Commercial Paper Programme) as “IND A+/Stable” and “IND A1+”, respectively.

The relevant press release by the above-mentioned Rating Agency is available on the website of the Agency.

This intimation is also being made available on the website of the Company i.e. www.ushamartin.com.

==> picture [580 x 14] intentionally omitted <==

Kindly take this on record.

==> picture [580 x 14] intentionally omitted <==

Thanking you,

==> picture [580 x 14] intentionally omitted <==

Yours faithfully, For Usha Martin Limited

MANISH Digitally signed by MANISH AGARWAL AGARWAL Date: 2025.07.31 14:29:28 +05'30'

Manish Agarwal

Company Secretary & Compliance Officer

==> picture [580 x 13] intentionally omitted <==

==> picture [497 x 46] intentionally omitted <==