Usha Martin's Ranchi Site Achieves EcoVadis Bronze Medal for Sustainability

1 min read     Updated on 14 Oct 2025, 11:42 AM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Usha Martin Limited's Ranchi site has received a Bronze Medal from EcoVadis, a global sustainability rating provider, with an overall score of 63 out of 100. The company officially disclosed this information to stock exchanges on October 14th, 2025, in compliance with SEBI regulations. Manish Agarwal, Company Secretary & Compliance Officer, confirmed the achievement, which reflects Usha Martin's commitment to sustainable practices across environmental performance, labor rights, ethics, and procurement.

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*this image is generated using AI for illustrative purposes only.

Usha Martin Limited , a leading wire rope manufacturer, has announced a significant achievement in its sustainability efforts. The company's Ranchi site has been awarded a Bronze Medal by EcoVadis, a globally recognized sustainability rating provider, with an impressive overall score of 63 out of 100.

EcoVadis Recognition

EcoVadis, known as one of the most trusted sustainability rating providers worldwide, communicated this achievement to Usha Martin via email on October 13th, 2025. The Bronze Medal recognition underscores Usha Martin's commitment to sustainable practices and corporate responsibility.

Sustainability Score Breakdown

Category Score
Overall Score 63
Medal Category Bronze

Official Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Usha Martin Limited officially disclosed this information to the National Stock Exchange of India, BSE Limited, and Societe de la Bourse de Luxembourg on October 14th, 2025.

Company Response

Manish Agarwal, Company Secretary & Compliance Officer of Usha Martin Limited, stated in the official communication:

"We would like to inform you that the Company (Ranchi Site) has been accredited with 'Bronze Medal' by EcoVadis, one of the most trusted sustainability rating providers globally. The Company has received an overall score of 63 (on a scale of 100)."

This achievement reflects Usha Martin's ongoing efforts to integrate sustainable practices into its operations. The EcoVadis rating considers various factors including environmental performance, labor and human rights practices, ethics, and sustainable procurement.

For investors and stakeholders, this recognition serves as a tangible indicator of Usha Martin's commitment to sustainability, potentially enhancing the company's reputation and appeal in an increasingly environmentally conscious market.

The company has made this information available on its official website ( www.ushamartin.com ), demonstrating transparency in its sustainability journey and achievements.

Historical Stock Returns for Usha Martin

1 Day5 Days1 Month6 Months1 Year5 Years
+1.82%+1.63%+4.79%+54.55%+13.38%+1,906.16%
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Usha Martin Promoter Stuti Jhawar Boosts Stake with 15,000 Share Purchase

1 min read     Updated on 19 Sept 2025, 12:03 PM
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Reviewed by
Shriram ShekharScanX News Team
Overview

Stuti Jhawar, a promoter group member of Usha Martin, acquired 15,000 equity shares through open market transactions on NSE. This increased her shareholding from 12,60,000 shares (0.41%) to 12,75,000 shares (0.42%). The transaction was disclosed in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

Usha Martin , a prominent player in the wire and wire rope industry, has seen a slight increase in promoter shareholding following a recent transaction. Stuti Jhawar, a member of the company's promoter group, has augmented her stake in the firm through an open market purchase.

Transaction Details

Stuti Jhawar acquired 15,000 equity shares of Usha Martin through open market transactions on the National Stock Exchange (NSE). This strategic move has resulted in a marginal increase in her shareholding in the company.

Impact on Shareholding

The acquisition has altered Jhawar's stake in Usha Martin as follows:

Particulars Before Acquisition After Acquisition
Number of Shares 12,60,000 12,75,000
Percentage Holding 0.41% 0.42%

While the increase in shareholding percentage appears modest, it represents a commitment to the company by the promoter group.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations concerning substantial acquisition of shares and takeovers, Stuti Jhawar promptly disclosed this transaction. The disclosure was submitted to the company and relevant stock exchanges, demonstrating compliance with regulatory requirements.

About Usha Martin

Usha Martin is a diversified company with a significant presence in the wire and wire rope industry. The company's shares are listed on multiple exchanges, including:

  • Bombay Stock Exchange (BSE)
  • National Stock Exchange of India (NSE)
  • Luxembourg Stock Exchange (where its Global Depository Receipts are listed)

This multi-exchange listing underscores the company's international presence and appeal to a diverse investor base.

The recent share acquisition by a promoter could be viewed as a positive signal, potentially indicating confidence in the company's future prospects. However, investors are advised to conduct their own research and consider various factors before making investment decisions.

As Usha Martin continues to navigate the dynamic business landscape, stakeholders will likely keep a close eye on any further changes in promoter holdings and the company's overall performance in the wire and wire rope sector.

Historical Stock Returns for Usha Martin

1 Day5 Days1 Month6 Months1 Year5 Years
+1.82%+1.63%+4.79%+54.55%+13.38%+1,906.16%
Usha Martin
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