Usha Martin Ltd. — Major Shareholding Notification 2020

Dec 11, 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

11 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:
E-mail: Email: corp.relations@bseindia.com
cosec@ushamartin.co.in takeover@nse.co.in
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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

PETERHOUSE INVESTMENTS LIMITED Per:

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TRIDENT CORPORATE SERVICES (NO.2) LIMITED Director

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+	~~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)	15,904,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)] 15,904,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)	5.22% 5.22%	5.22% 5.22%
	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

VPW:TGG.165507#

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Details a) b) VRs shares c) Warr other in that en shares voting r each catego d) Shar invoke e)	of Sh ac ac an str title ca igh ry) es d/re To	~~acquisitio~~n/sale ares carrying voting rights quired/sold quired /sold otherwise than by ts/convertible securities/any ument s the acquirer to receive rrying ts in the TC (specify holding in acquired/sold encumbered / leased by the acquirer tal (a+b+c+/-d)	1,000,000 equity shares sold 1,000,000 Equity shares sold	0.33% 0.33%	0.33% 0.33%
After t a) b) Shar c) VRs d) War other in that en shares voting r each catego	he Sh es oth ran str title ca igh ry)	~~acquisition/~~sale, holding of: ares carrying voting rights encumbered with the acquirer erwise than by shares ts/convertible securities/any ument s the acquirer to receive rrying ts in the TC (specify holding in after acquisition	14,904,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	4.89%	4.89%
e)Tota	l (	a+b+c+d)	14,904,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	4.89%	4.89%
Mode market issue transfe	of / o /pr r et	~~acquisition/~~sale (e.g. open ff-market / public issue / rights eferential allotment / inter-se c.)	Open Market ( National Stock Exchange)
Date of or date allotme applica	~~a~~	~~quisition /~~sale of shares / VR receipt of intimation of of shares, whichever is	11.12.2020
	of nt ble

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Equity share cap of the TC before sale	ital / t the sa	ot id	al voting capital ~~acquisition~~/	15,904,919
Equity share cap of the TC after th	ital/ to e said	ta	l voting capital ~~cquisition~~/ sale	14,904,919
Total diluted sha TC after the said	re/voti ~~acui~~	ng ~~si~~	capital of the ~~tion/~~sale	14,904,919
	~~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: 11.12.2020

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