Usha Martin Ltd. — Major Shareholding Notification 2021

Dec 11, 2021

DocuSign Envelope ID: A839E2A8-2CB6-4ABD-8203-B59FF81945F9

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

Our Ref: FR/JKJ/009505

10 December 2021

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:

==> picture [91 x 37] intentionally omitted <==

==> picture [74 x 37] intentionally omitted <==

TRIDENT CORPORATE SERVICES (NO.2) LIMITED Director

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.171153#

DocuSign Envelope ID: A839E2A8-2CB6-4ABD-8203-B59FF81945F9

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

and Takeovers) Regulations, 2011

Name of the Target Company (TC)	Name of the Target Company (TC)	USHA MARTIN LIMITED	USHA MARTIN LIMITED	USHA MARTIN LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		Peterhouse Investments Limited and other promoters as PAC
Whether the acquirer belongs to Promoter/Promoter group		Yes
Name(s) of the Stock Exchange(s) where the shares of TC are Listed		Mumbai Stock Exchange(BSE), The National Stock Exchange of India Ltd. (NSE), Societe de la Bourse deLuxembourg (GDRarelisted atLuxembourg)
Details of the follows	~~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~~acquisition/~~disposal under consideration, holding of : a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category) e)Total (a+b+c+d)		8,304,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)] 8,304,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)	2.73% 2.73%	2.73% 2.73%

DocuSign Envelope ID: A839E2A8-2CB6-4ABD-8203-B59FF81945F9

Details of~~acquisition~~/sale a)Shares carrying voting rights acquired/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 e) Total (a+b+c+/-d)	Details of~~acquisition~~/sale a)Shares carrying voting rights acquired/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 e) Total (a+b+c+/-d)	125,000 equity shares sold 125,000 Equity shares sold	0.04% 0.04%	0.04% 0.04%
After the~~acquisition/s~~ale, holding of: a)Shares carrying voting rights 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		8,179,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	2.68%	2.68%
e)Total (a+b+c+d)		8,179,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	2.68%	2.68%
Mode of~~acquisition/~~sale (e.g. open market / off-market / public issue / rights issue /preferential allotment / inter-se transfer etc.)		Open Market ( National Stock Exchange)
Date of or date	~~acquisition /~~sale of shares / VR of receipt of intimation of	09.12.2021

DocuSign Envelope ID: A839E2A8-2CB6-4ABD-8203-B59FF81945F9

allotment of shares, whichever is applicable
Equity share capital / total voting capital of the TC before the said~~acquisition~~/ sale	8,304,919
Equity share capital/ total voting capital of the TC after the said~~acquisition~~/ sale	8,179,919
Total diluted share/voting capital of the TC after the said~~acquisition~~/sale	8,179,919

(*) 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.

==> picture [75 x 37] intentionally omitted <==

Signature of the ~~acquirer~~ / seller / Authorized Signatory Place: Guernsey Date: 10.12.2021

---