Stuti Jhawar increases stake in Usha Martin with new share acquisition

Stuti Jhawar has disclosed the acquisition of 12,000 equity shares in Usha Martin Ltd, as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition took place on February 19, 2025, through an open market transaction on the National Stock Exchange (NSE).

Prior to this acquisition, Stuti Jhawar held 1,275,000 shares, representing 0.42% of Usha Martin's total voting capital. Following the purchase of the additional shares, the total holding has increased to 1,287,000 shares, maintaining a 0.42% stake in the company's diluted share/voting capital.

The equity share capital before the acquisition stood at 1,275,000 shares, and after the acquisition, it is 1,287,000 shares. The total diluted share/voting capital after this transaction is also 1,287,000 shares. This disclosure was made to both the National Stock Exchange of India Ltd and BSE Ltd.