Jhawar continues increasing Usha Martin stake

Rajeev Jhawar, acting as an acquirer/authorised signatory, disclosed the purchase of 5,000 equity shares of Usha Martin Ltd on December 1, 2025. This acquisition was made through an open market transaction, as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Following this transaction, Jhawar's total voting capital in Usha Martin Ltd increased to 41,30,000 shares, representing 1.36% of the company's total voting capital. The 5,000 shares represent a fresh increase in his direct holdings.

The total diluted share/voting capital of the target company after the acquisition stands at 30,47,41,780. The disclosure was submitted to both the National Stock Exchange of India Ltd and BSE Ltd.