Usha Martin Ltd. — Interim / Quarterly Report 2019

Nov 26, 2019

Usha Martin Limited 2A, Shakespeare Sarani, Kolkata (formerly Calcutta) - 700 071, India Phone: (00 ⁹¹ 33) 71006300/599, Fax : (00 ⁹¹ 33) ²²⁸² 9029, 71006400/500 CIN : L31400WB1986PLC091621 Website : www.ushamartin.com

26" November, 2019

The Secretary The Secretary National Stock ExchangeofIndia Ltd BSE Limited Plot No.C/1, G Block, Mumbai — 400 ⁰⁰¹ Bandra Kurla Complex, Bandra (E) [Scrip Code: 517146] Mumbai — 400 051 [Scrip Code: USHAMART]

usha martin

Societe de la Bourse de Luxembourg Societe Anonyme/R.C.B 6222 B.P.165, L-2011 Luxembourg [Scrip Code: US9173002042|

ExchangePlaza, 5" Floor, Phiroze Jeejeebhoy Towers, Dalal Street

DearSirs,

un

Sub: Compliance under Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR Regulations"')

In terms of Regulation 23(9) of the LODR Regulations, we enclose herewith disclosure of Related Party Transactions on a consolidated basis, in the format specified in the relevant accounting standards for the half year ended September30, 2019.

Kindly note that the Company haspublished its standalone and consolidated financial results for the half year ended September 30, 2019 on November9, 2019.

The said statementis also available on the Company's website www.ushamartin.com. This is for your information and record.

Werequest you to take the same on record.

Yours sincerely, For Usha Martin Limited

Ghosh Ray

4

Company Secretary

Encl : As mentioned above.

fj usha martin

Usha Martin Limited 2A, Shakespeare Sarani, Kolkata (formerly Calcutta) - 700 071, India Phone : (00 91 33) 71006300/599, Fax : (00 91 33) 2282 9029, 71006400/500 CIN : L31400WB1986PLC09 1621 Website : www.ushamartin.com

Compliance under Regulation ²³ (9) of the Securities and Exchange Boardof India (Listing Obligations and Discloure Requirements) Regulations, 2015

Disclosure of Related Party Transactions on ^a consolidated basis, in the format specified in the accounting standards for the half year ended 30th September, 2019

(i) Related Parties

(a) Joint ventures

(b) Key managerial personnel

(c) Substantial interest in the voting power of the entity

(d) Others

* Represents step-downjoint venture.

Pengg Usha Martin Wires Private Limited (PUMWPL)

CCL Usha Martin Stressing Systems Limited (CCLUMSSL)

Tesac Usha Wire rope Company Limited (TUWCL) *

Mr. Basant Kumar Jhawar, Chairman Emeritus (till 31st March, 2019)

Mr. G.N.Bajpai, Chairman (till 31st March, 2019)

Mr. Brij K Jnawar, Director

Mr. Prashant Jhawar, Director (till 13th September, 2019)

Mr. Salil Singhal, Director (till 31st July, 2019)

Mr. Jitender Balakrishnan, Director (till 31st July, 2019)

Mr. P.S.Bhattacharyya, Director (till 31st July, 2019)

Mr. M. Rohatgi, Director

Ms. A. Ramakrishnan,Director(till 9th January, 2019) Mr. V. Ramakrishna lyer, Director

Mr. Vijay Singh Bapna , Director (w.e.f. 27th May, 2019)

Mrs. Ramni Nirula, Director (w.e.f. 26th July, 2019)

Mr. Rajeev Jnawar, Managing Director

Mr. P.KJain, Joint Managing Director (Wire and Wire Rope Business) Mr. Rohit Nanda, Chief Financial Officer (till 9th April, 2019)

Mr. Anirban Sanyal, Chief Financial Officer (w.e.f. 10th April, 2019) Ms. Shampa Ghosh Ray, CompanySecretary

UMI Special Steel Limited (UMISSL) (under liquidation) Usha Martin Employee Provident Fund Trust Joh Pengg Austria AG (Holding Company of PUMWPL)

(ii) Particulars of transactions

(All amountsin Rs. lakhs)

Phone : (00 91 33) 71006300/599, Fax : (00 91 33) 2282 9029, 71006400/500 : L31400WB1986PLC09 CIN Website : www.ushamartin.com	1621
(ii) Particulars of transactions						(All amountsin
Nameandrelationship	Year-end	Sale of products	Purchase of Machineries	Dividend Received	Transactions during the period Key management	Directors' sitting fees
		and services			personnel' remuneration
Key managerial personnel Mr. Rajeev Jhawar	30th September, 2019 31st March, 2019	- -	~ -	» -	90 158	- -
Mr. Brij K Jnawar Mr. P. K. Jain	30th September, 2019 31st March, 2019 30th September, 2019	- - -	- - -	- - -	- - 56	-
Mr. Rohit Nanda	31st March, 2019 30th September, 2019	- -	- -	- -	159 45	- -
Mr. Anirban Sanyal	31st March, 2019 30th September, 2019 31st March, 2019	- - -	- - -	- - -	165 27 -	- - -
Ms. Shampa Ghosh Ray Mr. Basant Kumar Jhawar	30th September, 2019 31st March, 2019 30th September, 2019	- - -	- - -	- - -	17 34 -	- - -
Mr. Prashant Jnawar	31st March, 2019 30th September, 2019	- -	- -	- -	- -	3 1
Mr. Jitender Balakrishnan	31st March, 2019 30th September, 2019 31st March, 2019	- - -	- - -	- - -	- - -	3 5 10
Mr. G.N.Bajpai Mr.Salil Singhal	30th September, 2019 31st March, 2019 30th September, 2019	- - -	- - -	- - :	- - -	- 13 5
Mr. P.S.Bhattacharyya	31st March, 2019 30th September, 2019	- -	- -	-	- -	9 4
Mr. V. Ramakrishna lyer	31st March, 2019 30th September, 2019 31st March, 2019	- - -	- - -	- - -	- - -	8 - 4
Mr. M. Rohatgi	30th September, 2019 31st March, 2019	- =	- -	- -	- -	1 5
Ms. A. Ramakrishnan Mr. R Venkatachalam	30th September, 2019 31st March, 2019 30th September, 2019	- - -	- - -	- - -	- - -	- 6 2
Mr. Vijay Singh Bapna	31st March, 2019 30th September, 2019	- -	- -	- -	- -	- i
Ms. Ramni Nirula	31st March, 2019 30th September, 2019 31st March, 2019	- - -	- - -	- - -	- - -	- 1 -
Total	30th September, 2019	-	-	-	235	21
Others Usha Martin Employees provident Fund	31st March, 2019 30th September, 2019	- -	- -	- -	516 -	64 -
Trust Joh Pengg Austria AG	31st March, 2019 30th September, 2019	- 151	- -	- 240	- -	- -
Total	31st March, 2019 30th September, 2019 31st March, 2019	897 151 897	27 - 27	120 240 120	- - -	- - -	Rs. lakhs) Contribution to Employees Provident Fund Trust

fj usha martin Usha Martin Limited

2A, Shakespeare Sarani, Kolkata (formerly Calcutta) - 700 071, India Phone : (00 ⁹¹ 33) 71006300/599, Fax : (00 ⁹¹ 33) ²²⁸² 9029, 71006400/500 CIN : L31400WB1986PLC091621 Website : www.ushamartin.com

(All amountsin Rs. lakhs)

(iii) Balance outstanding at the half year end 30th September, 2019

usha fj	martin
Usha Martin Limited 2A, Shakespeare Sarani, Kolkata (formerly Calcutta) - 700 071, India
Phone : CIN : L31400WB1986PLC091621 Website : www.ushamartin.com	(00 91 33) 71006300/599, Fax : (00 91 33) 2282 9029, 71006400/500
(iii) Balance outstanding at the half year end 30th September, 2019				Balance outstandingat	the half year end	(All amountsin	Rs. lakhs)
Nameandrelationship	,	Corporate / other	Trade receivables	Trade payables/ other financial	Loansand advances	Investmentsin equity shares	Company's contribution to
Substantial interest in voting power		guarantees given		liabilities	(long-term / short-term)		Related Party Trust
of the Company UMISSL	30th September, 2019 31st March, 2019	- -	- -	- -	- -	*	- -
Key managerial personnel Mr. Rajeev Jnawar	30th September, 2019	37,639	3	-	-	-	-
Mr. P.K. Jain	31st March, 2019 30th September, 2019 31st March, 2019	1,99,594 - -	- - -	2 - 9	- - -	- - -	- - -
Mr. Rohit Nanda Ms. Shampa Ghosh Ray	30th September, 2019 31st March, 2019 30th September, 2019	- - -	- : -	- 14 -	- - -	- - -	- - -
Total	31st March, 2019 30th September, 2019 31st March, 2019	- 37,639 1,99,594	- - -	2 - 27	- - -	- - -	- - -
Others Usha Martin Employees Provident Fund Trust	30th September, 2019	-	-	-	-	-	27
Joh Pengg Austria AG	31st March, 2019 30th September, 2019 31st March, 2019	- - -	- 29 342	- - -	- 1 1	- 1,620 1,620	228 - -
Total	30th September, 2019 31st March, 2019	- -	29 342	- -	1 1	1,620 1,620	27 228
Grand Total	30th September, 2019 31st March, 2019	37,639 1,99,594	29 342	- 27	1 1	1,620 1,620	27 228

* Amountis below the rounding off norm adopted by the Group.

Termsand conditions of transactions with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions. For the half year ended 30th September, ²⁰¹⁹ and 31st March, 2019, the Group has not recorded any impairmentof receivables relating to amounts owed by related parties. This assessmentis undertaken eachfinancial year through examiningthe financial position of the related party and the marketin which therelated party operates.

The Group routinely enters into transactions with these related parties in the ordinary course of business at market rates and terms.

As the futureliability for gratuity and leave is provided on an actuarial basis for the Companyas ^a whole, the amountpertaining to key managementpersonnel is not ascertainable and therefore not included above.