Jhawar family increases stake in Usha Martin through open market purchase

Stuti Jhawar and Susmita Jhawar, both classified as promoter/promoter group members, have each acquired additional equity shares in Usha Martin Ltd. Stuti Jhawar purchased 10,000 equity shares, increasing her stake from 0.40% to 0.40% (1,210,000 to 1,220,000 shares) of the company's total voting capital.

Similarly, Susmita Jhawar acquired 11,697 equity shares, raising her holding from 0.55% to 0.55% (1,663,303 to 1,675,000 shares) of Usha Martin's total voting capital. Both acquisitions occurred via the National Stock Exchange (NSE) through an open market transaction on September 5, 2025.

These disclosures were made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares of Usha Martin Ltd are listed on the Mumbai Stock Exchange (BSE), the National Stock Exchange of India Ltd (NSE), and the Societe de la Bourse de Luxembourg (GDR).