Usha Martin Dissolves Spanish Subsidiary Under Regulatory Compliance

Usha Martin Limited has announced the voluntary dissolution of its Spanish subsidiary, Usha Martin Espana S.L., under Regulation 30 of SEBI Listing Regulations. The steel company received the dissolution order on December 23, 2025, marking a strategic restructuring of its European operations.

Regulatory Disclosure Details

The company filed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dissolution order dated December 19, 2025, was issued by the Commercial Registrar of Barcelona and received by the company via email on December 23, 2025, at 4:42 PM IST.

Financial Impact Assessment

The closure demonstrates minimal financial impact on the parent company's operations. Key financial details of the dissolved subsidiary include:

Financial Parameter:	Amount
Turnover/Revenue:	Nil
Loss:	EUR 5,968
Net Worth:	(Negative) EUR 2,957
Impact on Parent Company:	No impact on operations or financial position

Operational Continuity Strategy

Despite the subsidiary closure, Usha Martin has ensured business continuity in the European market. The Spanish market will continue to be served through the company's other European subsidiaries, maintaining the company's presence and customer service capabilities in the region.

Corporate Structure Optimization

The voluntary dissolution of Usha Martin Espana S.L., a step-down wholly owned subsidiary of Usha Martin International Limited, represents a strategic move to optimize the company's corporate structure. This decision allows the company to streamline operations while maintaining market coverage through alternative channels.

Compliance and Transparency

The company has maintained full regulatory compliance by making the disclosure available on its official website at www.ushamartin.com . This transparency demonstrates Usha Martin's commitment to keeping stakeholders informed about significant corporate developments that may affect its business structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.67%	-0.56%	+6.73%	+23.76%	+17.59%	+1,116.44%

Peterhouse Investments Limited has disclosed the sale of equity shares in Usha Martin Limited through open market transactions, as per regulatory filing requirements under SEBI regulations. The promoter group entity completed the share sale on December 12, 2025, and submitted the mandatory disclosure on December 15, 2025.

Transaction Details

The share sale involved 200,000 equity shares of Usha Martin Limited, executed through open market transactions on the National Stock Exchange. This transaction represents 0.06% of the company's total share capital.

Parameter:	Details
Shares Sold:	200,000 equity shares
Transaction Date:	December 12, 2025
Mode of Sale:	Open Market (NSE)
Percentage of Total Capital:	0.06%

Shareholding Changes

Following the transaction, Peterhouse Investments' shareholding in Usha Martin has decreased from 1.13% to 1.07% of the total share capital. The entity continues to hold 3,250,000 equity shares after the sale.

Shareholding Position:	Before Sale	After Sale	Change
Equity Shares:	3,450,000	3,250,000	-200,000
Percentage Holding:	1.13%	1.07%	-0.06%
Total Share Capital:	₹30,47,41,780	₹30,47,41,780	No change

Additional Holdings

Apart from the direct equity shareholding, Peterhouse Investments also holds 185,691 Global Depositary Receipts (GDRs) that can be converted into 928,455 equity shares at the holder's option. These GDRs remain unchanged following the current transaction.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Peterhouse Investments submitted the required documentation to the Bombay Stock Exchange, National Stock Exchange of India, and Usha Martin's company secretary on December 15, 2025.