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MARTIN LIMITEDMain BoardEquity2025-04-012026-03-312026-04-302026-04-23INRLakhsQuarterlyFourth quarterSingle segmentWire & Wire Rope2026-04-3012:00:002026-04-3013:15:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-01-29https://ushamartin.com/public/upload/investorrelations/policy-on-materiality-and-for-dealing-with-related-party-transactions-2025-05-04.pdffalsefalseThe Company has not defaulted in the repayment of any loans. Furthermore, the Company does not have any debt securities outstanding; accordingly, the question of default on debt securities does not arise.2026-01-012026-03-31AuditedStandalone63959000002512000006647100000303140000046100000509000004705000004000000153200000113870000048948000001752300000-3520000017171000002951000006630000036140000001355700000-94800000-23900000-709000000128480000012600000129740000030510000014.464.45-0.24-0.244.224.21Notes to Financial Results <BR> <BR> 3. The above results of Usha Martin Limited (“the Company”) for the quarter and year ended March 31, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held at Kolkata on April 30, 2026. <BR> <BR> 4. These results have been prepared on the basis of the audited financial statements for the year ended March 31, 2026 / March 31, 2025 and the interim financial results for the quarter and nine months period ended December 31, 2025 / December 31, 2024, which are prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standard) Rules, 2015. The figures for the quarter ended March 31, 2026 / March 31, 2025 are the balancing figures between audited figures for the full financial year and unaudited year to date figures up to the third quarter of the respective financial year which are subjected to limited review. <BR> 5. Discontinued Operations represents Steel and Bright Bar Business (SBB Business) of the Company which was transferred to Tata Steel Long Products Limited (TSLPL) [formerly known as Tata Sponge Iron Limited] as a going concern on slump sale basis during a prior year in accordance with the terms and conditions set out in Business Transfer Agreement. An amount of Rs. 6,498 lakhs [net of discounting of Rs. 948 lakhs (31st March, 2025: Nil)] is receivable as at March 31, 2026, pending registration of certain parcels of land in the name of TSLPL for which perpetual lease and license agreements had been executed by the Company in favour of TSLPL. Further, during the year, the Company has recognised an expense of Rs. 1,780 lakhs towards additional expenditure incurred / to be incurred by the Company in connection with the transfer of aforesaid land parcels. The liability has been created based on management’s best estimates and in accordance with the applicable accounting standards. <BR> <BR> 6(a). The Directorate of Enforcement (""ED"") had issued an order dated August 9, 2019 under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) to provisionally attach, for a period of 180 days, certain parcels of land at Ranchi, State of Jharkhand being used by the Company for its business in connection with export and domestic sale of iron ore fines in prior years aggregating Rs. 19,037 lakhs allegedly in contravention of terms of the mining lease granted to the Company for the iron ore mines situated at Ghatkuri, Jharkhand. The Hon'ble High Court of Jharkhand at Ranchi had, vide order dated February 14, 2012, held that the Company has the right to sell the iron ore including fines as per the terms of the mining lease which was in place at that point in time. The Company had paid applicable royalty and had made necessary disclosures in its returns and reports submitted to mining authorities. In response to the provisional attachment order (PAO), the Company had submitted its reply before the Adjudicating Authority (AA). Subsequently, AA had issued an order by way of which the provisional attachment was confirmed under Section 8(3) of PMLA. Thereafter, the Company filed an appeal before the Appellate Tribunal, New Delhi and successfully obtained a status quo order from the Tribunal on the confirmed attachment order. The Appellate Tribunal, New Delhi vide order dated November 18, 2025, disposed of the said appeal filed by the Company without causing interference either in the PAO or the order issued by AA confirming such PAO. Further, the protection provided under the status quo order shall continue to the extent it relates to the possession of the attached properties. <BR> <BR> The ED had also filed a complaint before the District and Sessions Judge Cum Special Judge, Ranchi (Trial Court, Ranchi), pursuant to which summoning orders dated May 20, 2021 were issued to the Company and one of its Officers. In response to the said complaint and summons received, the Company had filed a quashing petition before the Hon'ble Jharkhand High Court and a subsequent Special Leave Petition (‘SLP’) before the Hon’ble Supreme Court against the order of the Hon’ble Jharkhand High Court dismissing the Company’s quashing petition. Vide interim order dated December 15, 2021, the Hon’ble Supreme Court had granted protection to the Company from arrest and stayed the summoning orders issued by the Trial Court, Ranchi. The Hon’ble Supreme Court vide order dated September 28, 2022 had dismissed the SLP with the directions to the Company to present all its defences “which are required to be considered and dealt with at the time of trial” before the aforesaid Trial Court, Ranchi. The matter is listed for hearing on May 13, 2026. Vide order dated November 21, 2024, Trial Court, Ranchi has taken cognizance of the charge sheet filed by the Central Bureau of Investigation (CBI) for the offence under the Prevention of Corruption Act, 1988 and the Indian Penal Code, 1860 against the Company, its Managing Director (MD) and one of the Other Officers, pursuant to which summoning orders dated November 26, 2024 were issued to the Company, its MD and one of the Other Officers and the matter is scheduled to be heard on May 7, 2026. <BR> The ongoing operations of the Company have not been affected by the aforesaid proceedings. Supported by a legal opinion obtained, management believes that the Company has a strong case in its favour on merit and law. Accordingly, no adjustment to these standalone financial results in this regard have been considered necessary by the management. <BR> 6 (b). On October 2, 2020, Central Bureau of Investigation (CBI) had filed a First Information Report (FIR) against the Company, its Managing Director (MD) and certain Other Officers under the Prevention of Corruption Act, 1988 and the Indian Penal Code, 1860 before the Special Judge, CBI, New Delhi (CBI Court, New Delhi) for allegedly trying to influence ongoing CBI investigation pertaining to the proceedings mentioned in note 6(a) above. Vide order dated September 15, 2022, the CBI Court, New Delhi had taken cognizance of the offence based on charge sheet filed by the CBI against the Company, its MD and certain Other Officers and has directed the CBI to take such steps as may be necessary to complete the investigation. The Company strongly refutes the aforesaid allegations made by the CBI. The Company has also received summoning orders issued by the CBI Court, New Delhi, pursuant to complaint filed by Directorate of Enforcement (ED) under the provisions of PMLA. The matters at CBI Court, New Delhi is scheduled to be heard on May 04, 2026. <BR> <BR> The Company has been providing information sought by the CBI and ED in this regard and intends to continue cooperating, as required by applicable laws and relevant court orders. The Company and its MD is taking such legal measures as considered necessary in respect of these ongoing proceedings. Supported by a legal opinion obtained, management believes that the Company has a strong case in its favour on merit and law in these matters. Accordingly, no adjustment to these standalone financial results in this regard have been considered necessary by the management. <BR> 7. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the ‘New Labour Codes’) which consolidate twenty- nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Company has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the Company has presented this incremental impact consisting of gratuity and leave liability primarily arising due to change in wage definition under “Exceptional Item” in the Statement of Profit and Loss for the quarter and year ended March 31, 2026. The Company continues to monitor the finalisation of rules by the Central and State Governments and clarifications from the Government on other aspects of the New Labour Codes and will account for such developments as needed. <BR> 8. Based on the Company's internal structure and information reviewed by the Chief Operating Decision Maker to assesses the Company's financial performance, the Company is engaged solely in the business of manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, wire drawing and allied machines, etc. Accordingly, the Company has only one reportable segment, i.e., "Wire & Wire Ropes". <BR> 9. The Board of Directors of the Company at its meeting held on August 12, 2024, approved the 'Usha Martin Limited Employee Stock Option Plan – 2024' ("the Plan") to be implemented by fresh issuance of fully paid-up equity shares of the Company having a face value of Rs.1 and/or secondary acquisition of equity shares through the Usha Martin Limited Employees Welfare Trust (“ESOP Trust”). The Company has acquired a total of 3,41,500 shares through the ESOP Trust with the corresponding accounting being done in accordance with Ind AS 102 – Share-Based Payment. The financial results of the ESOP Trust have been included in the standalone financial results of the Company in accordance with the requirements of Ind AS and the cost of such treasury shares has been presented as a deduction in Equity. Additionally, the impact of this Plan has been factored into the calculation of diluted earnings per equity share, in compliance with Ind AS 33 –Earnings Per Share. <BR> 10. Other income for year ended March 31, 2026 includes interest on income tax refund of an earlier year amounting to Rs. 1,963 lakhs (quarter ended March 31, 2026: Rs. 1,963 lakhs) and gain of Rs. 1,540 lakhs arising from the sale of land and building at Chennai which was classified as ‘Asset Held for Sale’ in a prior year. <BR> 11. The Board of Directors of the Company have recommended a final dividend of Rs. 3.75 per fully paid-up Ordinary Share of Re 1/- each for the financial year ended March 31, 2026. <BR> Rajeev Jhawar <BR> Managing Director <BR> Place : Singapore <BR> Dated : April 30, 2026 <BR> 2025-04-012026-03-31AuditedStandalone2312030000073570000023856000000116067000001484000002225000001843200000486000005716000004285600000187266000005129400000-16580000049636000001039800000143600000118340000003780200000-272800000-23900000-2489000000353130000011400000354270000030510000011758390000012.4212.41-0.82-0.8211.611.59Other expenses1138700000Other expenses42856000007895500000847800000000150940000006700000149600000166570000089580000011304800000326130000002721500000471800000222140000053600000925200000639350000083180000010486600000217914000003051000001758390000017889000000178890000000000196000001960000035570000033930000007146000000115700000119800000013137000007686000002082300000735000000892000002813000003187800000390240000021791400000Other financial assets149600000Intangible assets53500000Right-of-use assets23800000Income tax assets (net)51900000Other assets766600000Other financial assets925200000Other assets831800000Lease liabilities19600000Other financial liabilities768600000Lease liabilities6100000Other liabilities72890000048600000178600000-107000000-290400000-3080000029000003750000002061000000-1097000000571600000053000001063000002364000000-3050000072000000312700000143000009480000000-47790000000167700000513130000000068270000004448600000000000003249000001494200000000000000000002540000000720000001098000000-2197100000-315920000000000000012325000007800000913700000617000000-65200000-2280900000-9915000000-9915000001463300000471800000Items that will not be reclassified to profit or loss1680000016800000Items that will not be reclassified to profit or loss1520000015200000420000038000001260000011400000USHA MARTIN LIMITED******Brunton Wire Ropes FZCo.******Wholly Owned SubsidiaryAny other transactionRecovery of Management & Other Services24460000Omnibus Approval12523000375139000248800000USHA MARTIN LIMITED******Brunton Wire Ropes FZCo.******Wholly Owned SubsidiaryAny other transactionRecovery of Expenses15000000Omnibus Approval3092000375139000248800000USHA MARTIN LIMITED******Brunton Wire Ropes FZCo.******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses2000000Omnibus Approval132000375139000248800000USHA MARTIN LIMITED******Brunton Wire Ropes FZCo.******Wholly Owned SubsidiarySale of goods or services2550000000Omnibus Approval595502000375139000248800000USHA MARTIN LIMITED******Gustav Wolf Speciality Cords Limited******Wholly Owned SubsidiarySale of goods or services469000000Omnibus Approval531430003148100013200000USHA MARTIN LIMITED******Pengg Usha Martin Wires Private Ltd.******Joint Venture entity of the CompanySale of goods or services135000000Omnibus Approval594260001289000018800000USHA MARTIN LIMITED******Pengg Usha Martin Wires Private Ltd.******Joint Venture entity of the CompanyDividend received72100000Omnibus Approval7200000000USHA MARTIN LIMITED******Pengg Usha Martin Wires Private Ltd.******Joint Venture entity of the CompanyAny other transactionRecovery of Expenses7500000Omnibus Approval41840001289000018800000USHA MARTIN LIMITED******Pengg Usha Martin Wires Private Ltd.******Joint Venture entity of the CompanyPurchase of goods or services6000000Omnibus Approval5880001289000018800000USHA MARTIN LIMITED******UM Cables Ltd.******Wholly Owned SubsidiaryInterest received20000000Omnibus Approval120700038190005278000USHA MARTIN LIMITED******UM Cables Ltd.******Wholly Owned SubsidiarySale of goods or services50000000Omnibus Approval66200038190005278000USHA MARTIN LIMITED******UM Cables Ltd.******Wholly Owned SubsidiaryAny other transactionRecovery of Management & Other Services34630000Omnibus Approval454300038190005278000USHA MARTIN LIMITED******UM Cables Ltd.******Wholly Owned SubsidiaryPurchase of goods or services15000000Omnibus Approval1800038190005278000USHA MARTIN LIMITED******UM Cables Ltd.******Wholly Owned SubsidiaryAny other transactionRecovery of Expenses20000000Omnibus Approval273100038190005278000USHA MARTIN LIMITED******Usha Martin Americas Inc.******Wholly Owned SubsidiaryAny other transactionRecovery of Management & Other Services19010000Omnibus Approval17376000276609000202200000USHA MARTIN LIMITED******Usha Martin Americas Inc.******Wholly Owned SubsidiarySale of goods or services2160000000Omnibus Approval551679000276609000202200000USHA MARTIN LIMITED******Usha Martin Americas Inc.******Wholly Owned SubsidiaryAny other transactionRecovery of Expenses60000000Omnibus Approval1232000276609000202200000USHA MARTIN LIMITED******Usha Martin Australia Pty Ltd.******Step down wholly owned subsidiarySale of goods or services375000000Omnibus Approval207728000122428000166900000USHA MARTIN LIMITED******Usha Martin Australia Pty Ltd.******Step down wholly owned subsidiaryAny other transactionRecovery of Expenses20000000Omnibus Approval233000122428000166900000USHA MARTIN LIMITED******Usha Martin Australia Pty Ltd.******Step down wholly owned subsidiaryAny other transactionRecovery of Management & Other Services6770000Omnibus Approval4766000122428000166900000USHA MARTIN LIMITED******Usha Martin International Limited******Wholly Owned SubsidiaryAny other transactionRecovery of Management & Other Services & expenses15000000Omnibus Approval6091000-1945400032356000USHA MARTIN LIMITED******Usha Martin International Limited******Wholly Owned SubsidiaryAny other transactionReceiving of Research and Development Services75000000Omnibus Approval23036000-1945400032356000USHA MARTIN LIMITED******Usha Martin Singapore Pte Ltd.******Wholly Owned SubsidiaryAny other transactionRecovery of Management & other services23050000Omnibus Approval11385000401953000378300000USHA MARTIN LIMITED******Usha Martin Singapore Pte Ltd.******Wholly Owned SubsidiaryAny other transactionRecovery of Expenses15000000Omnibus Approval2700000401953000378300000USHA MARTIN LIMITED******Usha Martin Singapore Pte Ltd.******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses14000000Omnibus Approval563000401953000378300000USHA MARTIN LIMITED******Usha Martin Singapore Pte Ltd.******Wholly Owned SubsidiarySale of goods or services1875000000Omnibus Approval338544000401953000378300000USHA MARTIN LIMITED******Usha Martin UK Limited******Wholly Owned SubsidiarySale of goods or services3000000000Omnibus Approval1407897000524784000399600000USHA MARTIN LIMITED******Usha Martin UK Limited******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses19123000Omnibus Approval18907000524784000399600000USHA MARTIN LIMITED******Usha Martin UK Limited******Wholly Owned SubsidiaryAny other transactionRecovery of Management & other services23160000Omnibus Approval19154000524784000399600000USHA MARTIN LIMITED******Usha Martin UK Limited******Wholly Owned SubsidiaryAny other transactionRecovery of Expenses70000000Omnibus Approval21786000524784000399600000USHA MARTIN LIMITED******De Ruiter Staalkabel B.V.******Step down wholly owned subsidiarySale of goods or services850000000Omnibus Approval29061500019601500071700000USHA MARTIN LIMITED******De Ruiter Staalkabel B.V.******Step down wholly owned subsidiaryAny other transactionReimbursement of expenses10000000Omnibus Approval20900019601500071700000USHA MARTIN LIMITED******De Ruiter Staalkabel B.V.******Step down wholly owned subsidiaryAny other transactionRecovery of Management & other services16980000Omnibus Approval1697700019601500071700000USHA MARTIN LIMITED******De Ruiter Staalkabel B.V.******Step down wholly owned subsidiaryAny other transactionRecovery of Expenses30000000Omnibus Approval31100019601500071700000USHA MARTIN LIMITED******Usha Siam Steel Industries Public Company Ltd.******SubsidiaryInterest received9000000Omnibus Approval11440004434300076100000USHA MARTIN LIMITED******Usha Siam Steel Industries Public Company Ltd.******SubsidiaryAny other transactionRepayment of Loan35000000Omnibus Approval156220004384200025974000USHA MARTIN LIMITED******Usha Siam Steel Industries Public Company Ltd.******SubsidiaryAny other transactionRecovery of Management & other services30430000Omnibus Approval129090004434300076100000USHA MARTIN LIMITED******Usha Siam Steel Industries Public Company Ltd.******SubsidiaryAny other transactionRecovery of expenses15000000Omnibus Approval55690004434300076100000USHA MARTIN LIMITED******Usha Siam Steel Industries Public Company Ltd.******SubsidiaryAny other transactionReimbursement of expenses12500000Omnibus Approval2820004434300076100000USHA MARTIN LIMITED******Usha Siam Steel Industries Public Company Ltd.******SubsidiarySale of goods or services125000000Omnibus Approval777160004434300076100000USHA MARTIN LIMITED******Brunton Wire Ropes Industrial Company Limited******SubsidiarySale of goods or services160000000Omnibus Approval27267000052200000USHA MARTIN LIMITED******PT Usha Martin Indonesia******Wholly Owned SubsidiarySale of goods or services220000000Omnibus Approval772860001635600069600000USHA MARTIN LIMITED******PT Usha Martin Indonesia******Wholly Owned SubsidiaryAny other transactionRecovery of Management & Other Services5900000Omnibus Approval48960001635600069600000USHA MARTIN LIMITED******PT Usha Martin Indonesia******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses2500000Omnibus Approval7630001635600069600000USHA MARTIN LIMITED******Usha Martin Vietnam Company Limited******Wholly Owned SubsidiarySale of goods or services240000000Omnibus Approval20738000774300020400000USHA MARTIN LIMITED******Usha Martin Vietnam Company Limited******Wholly Owned SubsidiaryAny other transactionRecovery of Management & other services2980000Omnibus Approval1977000774300020400000USHA MARTIN LIMITED******Usha Martin Italia SRL******Step down wholly owned subsidiaryAny other transactionRecovery of expenses5000000Omnibus Approval5440000544000USHA MARTIN LIMITED******Usha Martin Europe BV.******Step down wholly owned subsidiarySale of goods or services300000000Omnibus Approval696900000USHA MARTIN LIMITED******Usha Martin Foundation******Trust through which voluntary CSR activities are carried outAny other transactionContribution for voluntary CSR spending46595000Omnibus Approval2160000000USHA MARTIN LIMITED******Usha Martin Employees Provident Fund******Employees Provident Fund TrustAny other transactionContribution to Employees Provident FundApproved Employees Provident Fund569000001641600015800000USHA MARTIN LIMITED******Rajeev Jhawar******Managing Director of the CompanyRemuneration350000000Approval in place20561000-3911000891000USHA MARTIN LIMITED******Rajeev Jhawar******Managing Director of the CompanyAny other transactionContinuing Personal Guarantee to Lenders (credit exposure)This is a continuing Personal Guarantee given to the Lenders for the credit facility availed by the Company and the diference is due to the change in credit exposure availed by the Company. -1000490001000490000Brunton Wire Ropes FZCo.******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required2682700019300005101000Brunton Wire Ropes FZCo.******Usha Martin Americas Inc.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required514410003614000037924000Brunton Wire Ropes FZCo.******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required313500010305000-2837000Brunton Wire Ropes FZCo.******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required94000010305000-2837000Brunton Wire Ropes FZCo.******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or services366700000Omnibus Approval170859000-47619000-90658000Brunton Wire Ropes FZCo.******Brunton Wire Ropes Industrial Company Limited******Holding - Subsidiary relationshipSale of goods or services865400000Omnibus Approval100875000164494000186918000Brunton Wire Ropes FZCo.******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required169000-47619000-90658000Brunton Wire Ropes FZCo.******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required72629000016747000Brunton Wire Ropes FZCo.******Brunton Wire Ropes Industrial Company Limited******Holding - Subsidiary relationshipAny other transactionReimbursement of expenses86540000Omnibus Approval72000164494000186918000Brunton Wire Ropes FZCo.******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required9464000016747000Brunton Wire Ropes FZCo.******Sabyasachi Majumder******Managing Director of the SubsidiaryAny other transactionReimbursement of expensesApproval by Audit Committee is not required106800000Brunton Wire Ropes FZCo.******Balwant Mall******Related Party of SubsidiaryAny other transactionReimbursement of expensesApproval by Audit Committee is not required12100000Brunton Wire Ropes FZCo.******Brunton Wire Ropes Industrial Company Limited******Holding - Subsidiary relationshipPurchase of goods or servicesApproval by Audit Committee is not required11868000164494000186918000Brunton Wire Ropes FZCo.******Brunton Wire Ropes Industrial Company Limited******Holding - Subsidiary relationshipAny other transactionRecovery of expenses86540000Omnibus Approval1555000164494000186918000Usha Martin Americas Inc.******Brunton Wire Ropes FZCo.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required51441000-36140000-37924000Usha Martin Americas Inc.******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required191365000-47334000-71921000Usha Martin Americas Inc.******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required4082000-47334000-71921000Usha Martin Americas Inc.******Sanjay Singh******Related Party of SubsidiaryAny other transactionReimbursement of expensesApproval by Audit Committee is not required20780003420000Usha Martin Americas Inc.******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required578920000-34733000Usha Martin International Limited******Usha Martin UK Limited******Holding - Subsidiary relationshipAny other transactionRecovery of Management and other services and expenses107720000Omnibus Approval693040000299611000Usha Martin International Limited******De Ruiter Staalkabel BV Sliedrecht******Holding - Step - Subsidiary relationshipAny other transactionRecovery of Management and other services and expenses62500000Omnibus Approval305600000545000Usha Martin Italia SRL******Usha Martin International Limited******Subsidiary - Holding Company relationshipAny other transactionRendering of Research & Development Services215440000Omnibus Approval74419000795310000Usha Martin Italia SRL******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required43000000Usha Martin Italia SRL******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required109600000Usha Martin Singapore Pte. Limited******Shreya Jhawar******Director of SubsidiaryRemunerationApproval by Audit Committee is not required777000000Usha Martin Singapore Pte. Limited******Stuti Jhawar******Director of SubsidiaryRemunerationApproval by Audit Committee is not required840000000Usha Martin Singapore Pte. Limited******Brunton Wire Ropes FZCo.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required3135000-103050002837000Usha Martin Singapore Pte. Limited******Brunton Wire Ropes FZCo.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required940000-103050002837000Usha Martin Singapore Pte. Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required102990000-1067000-69941000Usha Martin Singapore Pte. Limited******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required120070000-2624000Usha Martin Singapore Pte. Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required11883000-1067000-69941000Usha Martin Singapore Pte. Limited******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required285000394395000-72447000Usha Martin Singapore Pte. Limited******Usha Martin Vietnam Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services216350000Omnibus Approval2935800002721000Usha Martin Singapore Pte. Limited******PT Usha Martin Indonesia******Holding - Subsidiary relationshipSale of goods or services1298100000Omnibus Approval12395100004994000Usha Siam Steel Industries Public Company Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required16575700011309000100073000Usha Siam Steel Industries Public Company Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required19100011309000100073000Usha Siam Steel Industries Public Company Limited******Usha Martin Americas Inc.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services588000000Omnibus Approval1850210004710700071788000Usha Siam Steel Industries Public Company Limited******Brunton Wire Ropes FZCo.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required1616500004745300072678000Usha Siam Steel Industries Public Company Limited******Brunton Wire Ropes FZCo.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required200004745300072678000Usha Siam Steel Industries Public Company Limited******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required10116600011746900072314000Usha Siam Steel Industries Public Company Limited******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required4800011746900072314000Usha Siam Steel Industries Public Company Limited******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required24100011746900072314000Usha Siam Steel Industries Public Company Limited******Usha Martin Australia Pty. Ltd.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services137500000Omnibus Approval572750004745500030581000Usha Siam Steel Industries Public Company Limited******Usha Martin Australia Pty. Ltd.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required3400004745500030581000Usha Siam Steel Industries Public Company Limited******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required7212000-14610003502000Usha Siam Steel Industries Public Company Limited******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required153000-14610003502000Usha Siam Steel Industries Public Company Limited******Usha Martin Europe B.V.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services62500000Omnibus Approval51463000893600037897000Usha Siam Steel Industries Public Company Limited******Usha Martin Europe B.V.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required2063000893600037897000Usha Siam Steel Industries Public Company Limited******Usha Martin Vietnam Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services366700000Omnibus Approval16491600081918000129435000Usha Siam Steel Industries Public Company Limited******PT Usha Martin Indonesia******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services458400000Omnibus Approval283647000158166000216810000Usha Siam Steel Industries Public Company Limited******Usha Martin Vietnam Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionPayment of Management & other servicesApproval by Audit Committee is not required174300081918000129435000Usha Siam Steel Industries Public Company Limited******PT Usha Martin Indonesia******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required891000158166000216810000Usha Siam Steel Industries Public Company Limited******Brunton Wire Ropes Industrial Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or services865400000Omnibus Approval10154000017814000Usha Siam Steel Industries Public Company Limited******Brunton Wire Ropes Industrial Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expenses86540000Omnibus Approval790000017814000De Ruiter Staalkabel BV Sliedrecht******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required16700000-3561000De Ruiter Staalkabel BV Sliedrecht******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required498700002569000De Ruiter Staalkabel BV Sliedrecht******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required19130000-3561000De Ruiter Staalkabel BV Sliedrecht******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required1036900000299611000De Ruiter Staalkabel BV Sliedrecht******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or services1625800000Omnibus Approval14810420000299611000De Ruiter Staalkabel BV Sliedrecht******Usha Martin Europe B.V.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionPayment of Management & other servicesApproval by Audit Committee is not required36710000-19598000De Ruiter Staalkabel BV Sliedrecht******Usha Martin Europe B.V.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or servicesApproval by Audit Committee is not required253040000-19598000Usha Martin UK Limited******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required3922000027389000Usha Siam Steel Industries Public Company Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionInterest expenseApproval by Audit Committee is not required335600011309000100073000Brunton Wire Ropes Industrial Company Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required661700000Usha Martin Vietnam Company Limited******Usha Martin Australia Pty. Ltd.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required666200003117000Usha Martin Vietnam Company Limited******Usha Martin Singapore Pte. Limited******Subsidiary - Holding Company relationshipAny other transactionRecovery of Management and other services and expensesApproval by Audit Committee is not required4240000-2721000Brunton Wire Ropes FZCo.******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedSale of goods or servicesApproval by Audit Committee is not required-2482100019300005101000Usha Martin Singapore Pte. Limited******Usha Siam Steel Industries Public Company Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedPurchase of goods or services550000000Omnibus Approval-184187000394395000-72447000Usha Siam Steel Industries Public Company Limited******De Ruiter Staalkabel BV Sliedrecht******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionReimbursement of expensesApproval by Audit Committee is not required1650000-14610003502000Usha Siam Steel Industries Public Company Limited******Brunton Wire Ropes FZCo.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required26110004745300072678000Usha Siam Steel Industries Public Company Limited******Usha Martin Americas Inc.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required84080004710700071788000Usha Siam Steel Industries Public Company Limited******Usha Martin Singapore Pte. Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required1200011746900072314000Usha Siam Steel Industries Public Company Limited******Usha Martin UK Limited******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required416200011309000100073000Usha Siam Steel Industries Public Company Limited******Usha Martin Australia Pty. Ltd.******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required40004745500030581000Usha Siam Steel Industries Public Company Limited******PT Usha Martin Indonesia******Fellow Subsidiaries - both are subsidiaries of Usha Martin LimitedAny other transactionRecovery of expensesApproval by Audit Committee is not required520001581660002168100007883933000AuditedtrueS.R. Batliboi & Co. LLPtrue2027-07-31