USHA MARTIN LTD.

Usha Martin Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from July 1, 2026, and will remain in effect for 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to consider these financial results will be communicated later. This measure is in accordance with the company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015, aimed at preventing insider trading.

Peterhouse Investments India Ltd has disclosed the sale of 816 equity shares of Usha Martin Limited. The transaction, executed via the open market on the National Stock Exchange, resulted in a minor reduction in Peterhouse's shareholding. Following the sale, Peterhouse Investments holds 1,695,713 equity shares, representing approximately 0.56% of Usha Martin's total diluted share capital. The total share capital of Usha Martin remains unchanged at 30,47,41,780 equity shares.

Peterhouse Investments India Ltd, a promoter group entity, has disclosed the sale of 50,000 equity shares of Usha Martin Limited. The transaction, executed as a block deal on the National Stock Exchange on May 27, 2026, was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this sale, Peterhouse Investments India Ltd's holding in Usha Martin Limited decreased from 0.58% to 0.56% of the total equity share capital.

Usha Martin Ltd. has responded to an exchange query regarding a significant increase in the company's security volume. The company stated that it has been disclosing all necessary information to the stock exchanges as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Usha Martin affirms that there is no undisclosed information that could be affecting the price/volume behavior of its stock and ensures continued compliance with regulatory requirements.

Usha Martin Ltd has appointed M/s. MSKA & Associates LLP as the new Statutory Auditors for a term of five years, subject to shareholder approval, replacing M/s. S R Batliboi & Co. LLP upon completion of their term at the conclusion of the 40th AGM. The board also approved the re-appointment of Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi as Non-Executive Independent Directors for a second term of five years, effective from November 12, 2026, until November 11, 2031. Additionally, Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder have been appointed as Additional Directors (Non-Executive, Non-Independent), effective from May 26, 2026.

Usha Martin Ltd's board approved the appointment of M/s. MSKA & Associates LLP as the new statutory auditors for a 5-year term, subject to shareholder approval, replacing M/s. S R Batliboi & Co. LLP. The board also approved the re-appointment of Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi as Non-Executive Independent Directors for a second and final 5-year term. Additionally, Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder were appointed as Additional Directors (Non-Executive, Non-Independent), all effective from 2026, subject to shareholder approval.

Peterhouse Investments Ltd sold 519,344 equity shares of Usha Martin Ltd, representing 0.17% of the total share capital, through open market transactions on the National Stock Exchange on May 12 and 13, 2026. Following the sale, Peterhouse Investments' holding in Usha Martin decreased to 2,600,000 shares (0.85%) along with 185,691 GDRs convertible into 928,455 equity shares.

Peterhouse Investments Ltd sold 130,656 equity shares of Usha Martin Ltd through an open market transaction on the National Stock Exchange. This sale reduced Peterhouse Investments' holding in Usha Martin from 1.06% to 1.02%. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Usha Martin Ltd. announced its audited financial results for Q4 and FY26. For Q4 FY26, revenue from operations increased 9.3% year-on-year to ₹979.3 crore. Operating EBITDA surged 51.6% to ₹211.5 crore, with margins expanding to 21.6%. Profit after tax (PAT) grew 53.7% to ₹155.1 crore. For the full year FY26, revenue rose 6.2% to ₹3,691.1 crore, and Operating EBITDA increased 18.1% to ₹705.1 crore, with margins at 19.1%. PAT for FY26 was ₹491.2 crore, up 20.9%. Managing Director Rajeev Jhawar highlighted strong performance despite a difficult external environment, attributing it to a richer product mix and cost discipline. The company transitioned from a net debt of ₹63 crore in FY25 to a net cash position of ₹332 crore in FY26, with free cash flows of ₹457 crore and ROCE improving to 20.6%.

Usha Martin Ltd's Board of Directors, at its meeting held today, approved the standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, S R Batliboi & Co. LLP, issued an unmodified opinion on the financial results. The Board also recommended a dividend of ₹3.75 per equity share (375%) for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, M/s Mani & Co. were appointed as Cost Auditors and M/s. Deloitte Touche Tohmatsu India LLP as Internal Auditors for the financial year 2026-27.