Please find enclosed the Intimation regarding upgrading of Credit Rating with respect to Long Term Credit Facilities and reaffirmation of Credit Rating with respect to Short Term Credit ....

USHA MARTIN Date: 23rd July 2026 The Manager The Secretary Societe de la Bourse de National Stock Exchange of India Ltd. BSE Limited Luxembourg Exchange Plaza, Phiroze Jeejeebhoy Towers, 35A Bouleverd Joseph II Plot No. C/1, G Block, Dalal Street L-1840, Luxembourg Bandra Kurla Complex, Mumbai – 400 001 [Scrip Code: Bandra (E), Mumbai – 400 051 [Scrip Code: 517146] US9173002042] [Symbol: USHAMART] Dear Sir/Madam, Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Credit Rating Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that India Ratings and Research Pvt. Ltd. has sent an intimation to the Company on 23rd July 2026 at 6:09 p.m. (IST) upgrading the rating with respect to Long-Term Credit Facilities (Bank loan facilities) to ‘IND AA-’ from ‘IND A+’ with a Stable Outlook and reaffirming the rating with respect to Short-Term Credit Facilities (Bank loan facilities and Commercial Paper) as “IND A1+”. The relevant press release by the above-mentioned Rating Agency is available on the website of the Agency. This intimation is also being made available on the website of the Company i.e. www.ushamartin.com. Kindly take this on record. Thanking you, Yours faithfully, For Usha Martin Limited Manish Agarwal Company Secretary & Compliance Officer USHA MARTIN LIMITED CIN: L31400WB1986PLC091621 (rr) Regd. Office: 2A Shakespeare 0 (00 9133) 71006300 B contact@ushamartin.co.in 'v Sarani, Kolkata -700071, India .C:::::,. (00 91 33) 71006492 www.ushamartin.com