Usha Martin Ltd. — Major Shareholding Notification 2020

Dec 18, 2020

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PETERHOUSE INVESTMENTS LIMITED

Administrative Office: PO Box 287, 4th Floor, West Wing, Trafalgar Court, Admiral Park, St. Peter Port, Guernsey GY1 3RL Telephone: +44 1481 727571 Fax: +44 1481 723162

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares

and Takeovers) Regulations, 2011

Our Ref: NGC/NGC/009505

18 December 2020

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To To, To,
The Company Secretary The Secretary The Secretary
M/s Usha Martin Limited National Stock Exchange of Bombay Stock Exchange Limited
2A, Shakespeare Sarani, India Ltd Floor 25, Phiroze Jeejeebhoy
Kolkata-700 071 Exchange Plaza, Towers, Dalal Street
Plot No. C/1, G Block, Mumbai – 400 001
Bandra Kurla Complex,
Bandra ( East)
Mumbai – 400 051
E-mail: Email: E-mail:
cosec@ushamartin.co.in takeover@nse.co.in corp.relations@bseindia.com
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Dear Madam/Sir,

Enclosed please find herewith declaration under Regulation 29 (2) of the SEBI SAST Regulations, 2011 for sale of equity shares of Usha Martin Limited for your reference and record.

Kindly acknowledge the receipt.

Yours faithfully Authorised Signatories for Trident Corporate Services (No.2) Limited as Sole Corporate Director of Peterhouse Investments Limited

Name of th	e T	arget Company (TC)	USHA MA	RTIN LIMITE	D
Name(s) o Acting in Co	f th nc	e acquirer and Persons ert (PAC) with the acquirer	Peterhouse Invest promo	ments Limited ters as PAC	and other
Whether Promoter/P	the rom	acquirer belongs to oter group		Yes
Name(s) of the shares	the of T	Stock Exchange(s) where C are Listed	Mumbai Stock Exchan Exchange of India Ltd. de Luxembourg (GDR	ge(BSE), The (NSE), Socie are listed at	National Stock te de la Bourse Luxembourg)
Details of follows	the	~~acquisition ~~/ disposal as	Number	% w.r.t. total share/voti ng capital wherever applicable	% w.r.t. total diluted share/voting capital of the TC (*)
Before the considerat a) Shares c b) Shares in (pledge/ lie non-dispos c) Voting rig shares d) Warrants other instru that entitles shares carr voting right each category) e)Total (a+		~~quisition~~/disposal under , holding of : ying voting rights e nature of encumbrance ndertaking/ others) (VR) otherwise than by nvertible securities/any nt acquirer to receive the T C (specify holding in c+d)	13,904,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)] 13,904,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)	4.56% 4.56%	4.56% 4.56%
	~~a~~ ion arr th n/ al u hts /co me the ying s in b+

Registered Office: Trident Chambers, P O Box 146, Wickhams Cay, Road Town, Tortola, British Virgin Islands Incorporation Number : 248779 Place of Incorporation: British Virgin Islands Directors : Trident Corporate Services (No.2) Limited

VPC:TGR.369065#

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Details of acquisitio n/sale
a) Shares carrying voting rights 500,000 0.16% 0.16%
acquired/sold equity shares sold
b) VRs acquired /sold otherwise than by
shares
c) Warrants/convertible securities/any
other instrument
that entitles the acquirer to receive
shares carrying
voting rights in the TC (specify holding in
each
category) acquired/sold
d) Shares encumbered /
invoked/released by the acquirer 500,000
e) Total (a+b+c+/-d) 0.16% 0.1%
Equity shares sold
After the acquisition/ sale, holding of:
a) Shares carrying voting rights 13,404,919
[And 1,685,691 GDR 4.40% 4.40%
(yet to be converted
into 8,428,455 Equity
Shares at the option of
the holder)]
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
d) Warrants/convertible securities/any
other instrument
that entitles the acquirer to receive
shares carrying
voting rights in the TC (specify holding in
each
category) after acquisition
e) Total (a+b+c+d) 13,404,919 4.40% 4.40%
[And 1,685,691 GDR
(yet to be converted
into 8,428,455 Equity
Shares at the option of
the holder)]
Mode of acquisition/ sale (e.g. open Open Market ( National Stock Exchange)
market / off-market / public issue / rights
issue /preferential allotment / inter-se
transfer etc.)
Date of acquisition / sale of shares / VR 18.12.2020
or date of receipt of intimation of
allotment of shares, whichever is
applicable
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Equity share cap of the TC before sale	ital / t the sa	ot id	al voting capital ~~acquisition~~/	13,904,919
Equity share cap of the TC after th	ital/ to e said	ta	l voting capital ~~cquisition~~/ sale	13,404,919
Total diluted sha TC after the said	re/voti ~~acui~~	ng ~~si~~	capital of the ~~tion/~~sale	13,404,919
	~~q~~

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under SEBI (LODR).

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

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Signature of the ~~acquirer~~ / seller / Authorized Signatory Place: Guernsey Date: 18[th] December 2020

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