Rajeev Jhawar increases stake in Usha Martin

Rajeev Jhawar has acquired 10,000 equity shares of Usha Martin Ltd via an open market transaction on the National Stock Exchange (NSE) on December 2, 2025. This acquisition falls under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a notable change in his holding.

Before this acquisition, Jhawar held 4,135,000 shares, representing 1.36% of Usha Martin's total voting capital. The recent purchase increases his total shareholding to 4,145,000 shares, maintaining his percentage of total voting capital at 1.36% due to the company's substantial share base of 3,047,41,780 shares. This transaction further solidifies Jhawar's position as a promoter of Usha Martin.