Usha Martin Ltd. — Major Shareholding Notification 2021

Mar 5, 2021

DocuSign Envelope ID: 05B7AFFB-3D56-4C8C-8BCB-FB8C9A6A8E41

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)		12,599,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)] 12,599,919 Equity Shares [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)	4.134% 4.134%	4.134% 4.134%

DocuSign Envelope ID: 05B7AFFB-3D56-4C8C-8BCB-FB8C9A6A8E41

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)	195,000 equity shares sold 195,000 Equity shares sold	0.064% 0.064%	0.064% 0.064%
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		12,404,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	4.07%	4.07%
e)Total (a+b+c+d)		12,404,919 [And 1,685,691 GDR (yet to be converted into 8,428,455 Equity Shares at the option of the holder)]	4.07%	4.07%
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	04.03.2021 & 05.03.2021

DocuSign Envelope ID: 05B7AFFB-3D56-4C8C-8BCB-FB8C9A6A8E41

allotment of shares, whichever is applicable
Equity share capital / total voting capital of the TC before the said~~acquisition~~/ sale	12,599,919
Equity share capital/ total voting capital of the TC after the said~~acquisition~~/ sale	12,404,919
Total diluted share/voting capital of the TC after the said~~acquisition~~/sale	12,404,919

(*) 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 Place: Guernsey Date: 05.03.2021

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