Usha Martin promoters confirm no share encumbrance in FY26
Usha Martin Ventures Limited confirmed that it and other promoter group members did not encumber any shares during the financial year ended March 31, 2026. The disclosure was submitted to NSE, BSE, and Societe de la Bourse de Luxembourg in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
*this image is generated using AI for illustrative purposes only.
Usha Martin Ventures Limited, the promoter of Usha Martin , confirmed that it and other promoter group members did not encumber any shares during the financial year ended March 31, 2026. The disclosure ensures that the shareholding structure remains free of liens or charges, providing stability regarding ownership stakes during the period.
The confirmation was submitted to the National Stock Exchange of India Ltd, BSE Limited, and Societe de la Bourse de Luxembourg in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing explicitly states that the promoters, promoter group, and persons acting in concert have not made any encumbrance, directly or indirectly, on the shares held by them in Usha Martin Limited.
Promoter and Promoter Group Details
The disclosure listed the entities and individuals classified as promoters and promoter group members who are subject to this confirmation. The list includes Jhavar Venture Management Pvt Ltd, Akshay Goenka, and Basant Kumar Jhavar, among others.
| S. No. | Name | Category |
|---|---|---|
| 1 | Jhavar Venture Management Pvt Ltd. | Promoter-group |
| 2 | Akshay Goenka | Promoter-group |
| 3 | Anupama Jhavar | Promoter-group |
| 4 | Anupama Jhavar – Trustee of Anupriya Welfare Trust | Promoter-group |
| 5 | Apurv Jhavar | Promoter-group |
| 6 | Basant Kumar Jhavar | Promoter |
| 7 | Madhushree Goenka | Promoter-group |
| 8 | Nidhi Rajgarhia | Promoter-group |
| 9 | Peterhouse Investments India Limited | Promoter-group |
| 10 | Peterhouse Investments Limited | Promoter-group |
| 11 | Prashant Jhavar | Promoter |
| 12 | Uma Devi Jhavar | Promoter-group |
| 13 | Usha Martin Ventures Limited | Promoter-group |
The letter was signed by Debjit Bhattacharya, Director of Usha Martin Ventures Limited, on April 9, 2026. Copies of the disclosure were forwarded to the Company Secretary of Usha Martin Limited and the members of the Audit Committee.
Historical Stock Returns for Usha Martin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.45% | -1.46% | -0.84% | +7.88% | +30.66% | +767.40% |
Does the lack of share encumbrance signal that the promoters are planning to maintain their current stake without raising capital against holdings?
How might this clean shareholding structure impact Usha Martin's ability to secure future corporate financing or attract institutional investors?
Could this disclosure be a precursor to strategic moves such as a stake sale, merger, or acquisition activity by the promoter group?
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