Usha Martin has executed a Business Transfer Agreement (BTA) for the slump sale of its wholly owned subsidiary, U M Cables Limited, to R R Kabel Limited. The transaction, valued at ₹77 crore, was finalized on September 25, 2026, marking the completion of the divestiture process.

Transaction details

The deal involves the transfer of the business undertaking of U M Cables Limited to R R Kabel Limited on a going-concern basis. This execution follows the earlier intimation made to stock exchanges on September 24, 2026, and subsequent approval from the shareholders of U M Cables Limited.

Strategic realignment

By exiting the cables segment through this slump sale, Usha Martin redirects its operational and financial focus toward its wire and wire ropes business, which forms the core of its industrial portfolio. The move signals a sharpened strategic intent to concentrate resources on primary operations.

Regulatory compliance

The disclosure was made under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing to the National Stock Exchange of India Ltd., BSE Limited, and Societe de la Bourse de Luxembourg.

Usha Martin Limited has announced its schedule for upcoming analyst and institutional investor meetings. The company will participate in two key events in Mumbai on September 28 and September 29, 2026.

The first engagement is scheduled for Monday, September 28, 2026, at the PL Capital Mid & Small Cap Conference 2026. The theme of the conference is "Emerging Titans: Unlocking India's Next Growth Leaders." This will be an in-person physical meeting held in Mumbai.

The second event is a group meeting scheduled for Tuesday, September 29, 2026. Like the previous day's event, this will also be conducted as an in-person physical meeting in Mumbai.

Meeting Schedule Details

Disclosure Compliance

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that discussions during these meetings will be based solely on publicly available information. No unpublished price sensitive information (UPSI) is intended to be discussed during these sessions.

The company noted that the schedule is subject to changes due to exigencies on the part of the investors or the company. This disclosure is also available on the company's website.