Usha Martin Limited has submitted its quarterly regulatory compliance certificate to stock exchanges and depositories for the quarter ended March 31, 2026. The filing, dated April 6, 2026, demonstrates the company's adherence to SEBI regulations governing depository operations and participant compliance.

Regulatory Filing Details

The company filed certificates pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with multiple regulatory bodies and exchanges. Company Secretary and Compliance Officer Manish Agarwal signed the submission on behalf of Usha Martin Limited.

Stock Exchange and Depository Submissions

Usha Martin submitted the compliance certificates to all relevant regulatory bodies where its shares are listed and held. The comprehensive filing ensures compliance across multiple jurisdictions and depositories.

The certificates were submitted to:

• National Stock Exchange of India Ltd (Symbol: USHAMART)
• BSE Limited (Scrip Code: 517146)
• Societe de la Bourse de Luxembourg (Scrip Code: US9173002042)
• Central Depository Services (India) Limited
• National Securities Depository Ltd

KFin Technologies Compliance Certification

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued separate certificates to both NSDL and CDSL confirming regulatory compliance. Senior Manager Ramdas signed both certificates on April 6, 2026.

Regulatory Compliance Framework

The certificates confirm that details of securities dematerialized and rematerialized during Q4FY26 were properly furnished to all stock exchanges where Usha Martin shares are listed. KFin Technologies certified that security certificates received for dematerialization were mutilated and cancelled after due verification by depository participants.

The filing demonstrates Usha Martin's commitment to maintaining regulatory compliance across its depository operations. The systematic submission to multiple exchanges and depositories reflects the company's comprehensive approach to regulatory adherence and transparent corporate governance practices.

Usha martin Limited has responded to a regulatory inquiry from BSE Limited regarding unusual trading activity in its securities. The company issued a formal clarification on February 26, 2026, addressing concerns about significant volume movement in its stock.

BSE Volume Movement Inquiry

BSE Limited had sought clarification from Usha Martin through a volume movement letter dated February 26, 2026, questioning the significant increase in trading volume of the company's securities. Such inquiries are routine regulatory measures when exchanges observe unusual trading patterns that deviate from normal market behavior.

Company's Response and Compliance Statement

In its response, Usha Martin emphasized its commitment to regulatory compliance and transparency. The company provided the following key clarifications:

The company stated that it has been consistently disclosing all necessary information and announcements to the exchange in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to promptly disclose material information that could impact investor decisions.

Material Information Disclosure

Usha Martin confirmed that to the best of its knowledge, no pending information or announcement exists that could influence the price or volume behavior of its securities. This statement is significant as it indicates that the recent volume surge was not driven by any undisclosed corporate developments or material events.

The company's response was signed by Manish Agarwal, Company Secretary and Compliance Officer, demonstrating the formal nature of the clarification and the company's commitment to maintaining proper corporate governance standards.

Regulatory Commitment

Usha Martin reaffirmed its dedication to adhering to SEBI's listing obligations and disclosure requirements. The company assured that it will continue to keep stock exchanges informed of any material information or events as mandated by regulatory guidelines, maintaining transparency in its communications with investors and market participants.