Usha Martin Ltd. — Major Shareholding Notification 2020

Sep 18, 2020

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Administrative Office:

PETERHOUSE INVESTMENTS LIMITED

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/JKJ/009505

18 September 2020

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

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. deLuxembourg (GDR	ge(BSE), The (NSE), Socie arelisted 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)	18,444,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)] 18,444,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)	6.05% 6.05%	6.05% 6.05%
	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.164038#

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Detail a) b) VR share c) Wa other that e share voting each categ d) Sh invoke e	s of Sh ~~ac~~ s ac s rran instr ntitle s ca righ ory) ares d/re ) To	~~acquisitio~~n/sale ares carrying voting rights ~~quired/s~~old 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)	540,000 equity shares sold 540,000 Equity shares sold	0.17% 0.17%	0.17% 0.17%
After a) b) Sh c) VR d) Wa other that e share voting each categ	the Sh ares s oth rran instr ntitle s ca righ ory)	~~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	17,904,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	5.88%	5.88%
e)Tot	al (	a+b+c+d)	17,904,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	5.88%	5.88%
Mode marke issue transf	of t / o /pr er et	~~acquisition/~~sale (e.g. open ff-market / public issue / rights eferential allotment / inter-se c.)	Open Market ( National Stock Excha		nge)
Date or dat	of~~ac~~ e of	~~quisition /~~sale of shares / VR receipt of intimation of	17.09.2020 & 18.09.2020

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allotment of shar applicable	es, wh	ic	hever is
Equity share cap of the TC before sale	ital / t the sa	ot id	al voting capital ~~acquisition~~/	18,444,919
Equity share cap of the TC after th	ital/ to e said	ta ~~a~~	l voting capital ~~cquisition~~/ sale	17,904,919
Total diluted sha TC after the said	re/voti ~~acui~~	ng ~~si~~	capital of the ~~tion/~~sale	17,904,919
	~~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 For and on behalf of Trident Corporate Services (No.2) Limited Place: Guernsey Date: 18.09.2020

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