Usha Martin Ltd. — Major Shareholding Notification 2020

Sep 16, 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

16 September 2020

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

TRIDENT TRUST COMPANY (GUERNSEY) LTD

Per: 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 MARTIN LIMITED	USHA MARTIN LIMITED	USHA MARTIN LIMITED
Name(s) o Acting in Co	f th nc	e acquirer and Persons ert (PAC) with the acquirer	Peterhouse Investments Limited and other promoters as PAC
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 Exchange(BSE), The National Stock Exchange of India Ltd. (NSE), Societe de la Bourse de Luxembourg (GDR are listed at 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 g the T C (specify holding in c+d)	19,404,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)] 19,404,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)	6.37% 6.37%	6.37% 6.37%
	ion arr th n/ al u hts /co me the yin 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.163963#

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Details of acquisitio n/sale
a) Shares carrying voting rights 960,000 0.32% 0.32%
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 960,000
e) Total (a+b+c+/-d) 0.32% 0.32%
Equity shares sold
After the acquisition/ sale, holding of:
a) Shares carrying voting rights
18,444,919 6.05% 6.05%
[And 1,685,691 GDR
(yet to be converted
into 8,428,455 Equity
Shares at the option of
b) Shares encumbered with the acquirer the holder)]
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) 18,444,919 6.05% 6.05%
[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 15.09.2020 & 16.09.2020
or date of receipt of intimation of
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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~~/	19,404,919
Equity share cap of the TC after th	ital/ to e said	ta ~~a~~	l voting capital ~~cquisition~~/ sale	18,444,919
Total diluted sha TC after the said	re/voti ~~acqui~~	ng ~~si~~	capital of the ~~tion/~~sale	18,444,919

(*) 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

Authorised Signatories for Trident Corporate Services (No. 2) Limited as Sole Corporate Director

Place: Guernsey

Date: 16.09.2020

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