Usha Martin Ltd. — Major Shareholding Notification 2021

Feb 18, 2021

Registered Office: Godrej Waterside Tower 2, Room No!1206, 12th Floor Block-DP, Sector-V, Salt Lake City Kolkata 700 091 Tel: +91 33 68103700 CIN: U74140WB2010PTC142701

Date: 18.2.2021

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

SMA COWA (Director)

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

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	513,900 Equity Shares	0.17%	0.17%
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)	513,900 Equity Shares	0.17%	0.17%
Details of acquisition/sale a) Shares carrying voting rights acquired/sold	113,900 equity shares sold	0.04%	0.04%
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

and Takeovers) Regulations, 2011

each category) acquired/sold d) Shares encumbered / invoked/released by the acquirer $e)$ Total (a+b+c+/-d)	113,900 Equity shares sold	0.04%	0.04%
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	400,000	0.13%	0.13%
$e)$ Total (a+b+c+d)	400,000	0.13%	0.13%
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	16.02.2021 & 17.02.2021
Equity share capital / total voting capital of the TC before the said acquisition / sale	513,900
Equity share capital/ total voting capital of the TC after the said acquisition / sale	400,000
Total diluted share/voting capital of the TC after the said acquisition/sale	400,000

(*) 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.

QE MANA Signature of the acquirer t/seller Authorized Signatory Place: Kolkata $0.4$ Date: 18.02.2021 ******