Usha Martin Ltd. — Major Shareholding Notification 2021

Mar 18, 2021

Date: 18.03.2021

To The Company Secretary M/s Usha Martin Limited 2A, Shakespeare Sarani, Kolkata-700 071	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	To, The Secretary Bombay Stock Exchange Limited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001
E-mail:	Email:	E-mail:
cosec@ushamartin.co.in	takeover@nse.co.in	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 Sincerely, For Jhawar Venture Management Pvt Ltd

SAGE Sella Stan (Director) MUHT

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

and Takeovers) Regulations, 2011
----------------------------------

Name of the Target Company (TC)	USHA MARTIN LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Jhawar Venture Management Pvt Ltd 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 de Luxembourg (GDR are listed at Luxembourg)
Details of the acquisition / disposal as follows	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	200,000 Equity Shares	0.065%	0.065%
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)	200,000 Equity Shares	0.065%	0.065%
Details of acquisition/sale a) Shares carrying voting rights acquired/sold	200,000 equity shares sold	0.065%	0.065%
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

MANA tolkata-91

each category) acquired/sold d) Shares encumbered / invoked/released by the acquirer $e)$ Total (a+b+c+/-d)	200,000 Equity shares sold	0.065%	0.065%
After the acquisition/sale, 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	$\Omega$	$0.00\%$	0.00%
$e)$ Total (a+b+c+d)	0	$0.00\%$	$0.00\%$
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 acquisition-/ sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	17.03.2021
Equity share capital / total voting capital of the TC before the said acquisition / sale	200,000
Equity share capital/ total voting capital of the TC after the said acquisition / sale	$\bf{0}$
Total diluted share/voting capital of the TC after the said acquisition/sale	$\bf{0}$

(*) 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.

Kolkata-51 MAXWA
Courer Seller / Authorized Signatory Signature of the Place: Kolkata Date: 18.03.2021 ******