Usha Martin Ltd. — Major Shareholding Notification 2026

May 13, 2026

Docusign Envelope ID: 4A706565-46D5-812C-83D2-DB1DA3D92A92

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	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 acquisition / disposal as follows	Number	% w.r.t. total share/voting 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 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)	3,250,000
Equity Shares
(And 185,691 GDRs yet to be converted into 928,455 Equity Shares at the option of the holder)	1.06%	1.06%
	3,250,000
Equity Shares
(And 185,691 GDRs yet to be converted into 928,455 Equity Shares at the option of the holder)	1.06%	1.06%
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	130,656
equity shares sold	0.04%	0.04%

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Docusign Envelope ID: 4A706565-46D5-812C-83D2-DB1DA3D92A92

| 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) | 130,656
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 | 3,119,344
(And 185,691 GDRs yet to be converted into 928,455 Equity Shares at the option of the holder) | 1.02% | 1.02% |
| e) Total (a+b+c+d) | 3,119,344
(And 185,691 GDRs yet to be converted into 928,455 Equity Shares at the option of the holder) | 1.02% | 1.02% |
| 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 | 11.05.2026 | | |
| 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.

Docusign Envelope
Docusign
Signature of the acquirer / seller / Authorized Signatory
Place: Guernsey
Date: 12.05.2026

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