Rajeev Jhawar increases stake in Usha Martin through open market purchase

Rajeev Jhawar acquired 40,000 equity shares of Usha Martin Ltd on November 28, 2025, through an open market purchase on the National Stock Exchange. This transaction, executed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, increased his total holding in the company.

Prior to this acquisition, Jhawar held 4,090,000 shares, representing 1.34% of Usha Martin's total voting capital. Following the purchase, his holding rose to 4,130,000 shares, bringing his total stake to 1.36% of the company's equity. The company's total equity share capital remained at 3,047,41,780.