Usha Martin Ltd. — Major Shareholding Notification 2025

Sep 12, 2025

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

Date: 10.09.2025

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To, To, To
Bombay Stock Exchange National Stock Exchange of
Limited India Ltd M/s Usha Martin Limited
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To, Bombay Stock Exchange Limited	To, National Stock Exchange of India Ltd	To, National Stock Exchange of India Ltd	To M/s Usha Martin Limited	To M/s Usha Martin Limited
Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street Mumbai – 400 001 E-mail: corp.relations@bseindia.com		Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra ( East) Mumbai – 400 051 Email: takeover@nse.co.in		2A, Shakespeare Sarani, Kolkata-700 071 E-mail:cosec@ushamartin.co.in

Dear Madam/Sir,

Enclosed please find herewith a 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

TRIDENT TRUST COMPANY (GUERNSEY) LTD

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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

Docusign Envelope ID: 873B8426-2A0A-4B56-8538-1E304C2E8E93

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
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 follows	~~acquisition~~/ disposal as	Number	% w.r.t. total share/voti ng capital wherever applicable	% w.r.t. total diluted share/voti ng capital of the TC (*)
Before the~~acquisition/~~disposal under consideration, holding of : a) Shares carrying voting rights b) Shares in 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)		4,450,000 Equity Shares (And 185,691 GDRs yet to be converted into 928,455 Equity Shares atthe option of the holder) 4,450,000 Equity Shares (And 185,691 GDRs yet to be converted into 928,455 Equity Shares atthe option of the holder)	1.46% 1.46%	1.46% 1.46%
Details of~~acquisitio~~n/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		150,000 equity shares sold	0.05%	0.05%

Docusign Envelope ID: 873B8426-2A0A-4B56-8538-1E304C2E8E93

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)	150,000 Equity shares sold	0.05%	0.05%
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	4,300,000 (And 185,691 GDRs yet to be converted into 928,455 Equity Shares atthe option of the holder)	1.41%	1.41%
e)Total (a+b+c+d)	4,300,000 (And 185,691 GDRs yet to be converted into 928,455 Equity Shares atthe option of the holder)	1.41%	1.41%
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	10.09.2025
Equity share capital / total voting capital of the TC before the said~~acquisition~~/ sale	30,47,41,780
Equity share capital/ total voting capital of the TC after the said~~acquisition~~/ sale	30,47,41,780
Total diluted share/voting capital of the TC after the said~~acquisition~~/sale	30,47,41,780

(*) 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: 10.09.2025

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