Usha Martin Ltd. — Major Shareholding Notification 2021

Feb 24, 2021

Registered Office: Godrej Waterside Tower-2, Room No. - 1206 12th Floor, DP Block Sector -V, Salt Lake City Kolkata 700 091 Tel: +91 33-68103700 CIN: L31300WB1979PLC032347

Date: 24/02/2021

To	To,	To,
The Company Secretary	The Secretary	The Secretary
M/s Usha Martin Limited	National Stock Exchange of	Bombay Stock Exchange
2A, Shakespeare Sarani,	India Ltd	Limited
Kolkata-700 071	Exchange Plaza,	Floor 25, Phiroze Jeejeebhoy
	Plot No. C/1, G Block,	Towers,
	Bandra Kurla Complex,	Dalal Street
	Bandra (East)	Mumbai - 400 001
	Mumbai - 400 051
E-mail:		E-mail:
cosec@ushamartin.co.in	Email: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, 2011for sale of equity shares of Usha Martin Limited for your reference and record.

Kindly acknowledge the receipt.

Yours fathfully Peterhouse Investments India Limited

TOLL KOMM Director

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/seller and		Peterhouse Investments India Limited
Persons Acting in Concert (PAC) with	and other Promoters as PAC
the acquirer/seller
Whether the acquirer/seller belongs to	Yes
Promoter/Promoter group
Name(s) of the Stock Exchange(s)	Mumbai Stock Exchange(BSE), The National Stock
where the shares of TC are Listed	Exchange of India Ltd. (NSE), Societe de la Bourse de Luxembourg (GDR are listed at Luxembourg)
Details of the acquisition / disposal as	Number	% w.r.t.	% w.r.t.
follows		total	total diluted
		share/voti ng	share/voting capital of
		capital wherever	the TC $(*)$
		applicable
Before the acquisition/disposal under
consideration, holding of:	37,397	0.01%	0.01%
a) Shares carrying voting rights
	1,96,16,432 Equity
b) Shares in the nature of encumbrance	Shares (Pledged with	6.44%	6.44%
(pledge/ lien/	SBI)
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)	1,96,53,829	6.45%	6.45%

Details of acquisition/sale
a) Shares carrying voting rights	37,300	0.01%	0.01%
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	37,300
$e)$ Total (a+b+c+/-d)	equity shares	0.01%	0.01%
After the acquisition/sale, holding of: a) Shares carrying voting rights	97	0.00003%	0.00003%
b) Shares encumbered with the	1,96,16,432 Equity	6.44%	6.44%
acquirer	Shares (Pledged with SBI)
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)	1,96,16,529	6.44%	6.44%
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	22/02/2021 & 23/02/2021
or date of receipt of intimation of allotment of shares,
whichever is applicable
Equity share capital / total voting capital of the TC before the	1,96,53,829
said acquisition / sale

Equity share capital/ total voting capital of the TC after the said acquisition / sale	1,96,16,529
Total diluted share/voting capital of the TC after the said Acquisition/sale	1,96,16,529

(*) 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/yoting 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.

Signature of the acquirer T seller / Authorised Signatory Place: Kolkata Date: 24.02.2021