Please find attached the Outcome of Board Meeting held on 27th July 2026.

USHA MARTIN Date: 27th July 2026 The Secretary The Manager Societe de la Bourse de BSE Limited National Stock Exchange of India Ltd. Luxembourg Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, 35A Bouleverd Joseph II Dalal Street Plot No. C/1, G Block, L-1840, Luxembourg Mumbai – 400 001 Bandra Kurla Complex, Bandra [Scrip Code: US9173002042] [Scrip Code: 517146] Mumbai – 400 051 [Symbol: USHAMART] Dear Sir/Madam, Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of the Board Meeting Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today has inter-alia, considered and approved the Unaudited Financial Results (standalone and consolidated) of the Company for the quarter ended 30th June 2026, prepared in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the above-mentioned Financial Results and the Limited Review Report issued by the Statutory Auditors on the said Financial Results are enclosed herewith. The Board Meeting commenced at 3:15 P.M. (IST) and concluded at 4:20 P.M. (IST). 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 Enclosed: As above 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 J.,' S.R. Co. LLP 22, Camac Street 8ArL1Bo1 & 3rd Floor, Block 'B' Kolkata -700 016, India Chartered Accountants Tel : +91 33 6134 4000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Usha Martin Limited I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Usha Martin Limited (the "Holding Company" including Usha Martin Employees Welfare Trust) and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and joint ventures for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Repo1ting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Cha,tered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also perfonned procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities as mentioned in Annexure I. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7 and 8 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the infonnation required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. S.R. Batllbol & Co. LLP. a Limited Liability Partnership with LLP Identity No. AAB-4294 S.R. Co. LLP BATLIBOI & Chartered Accountants 6. Emphasis of Matter paragraph We draw attention to Note 6 (a) and 6 (b) regarding the attachment of ce11ain land parcels at Ranchi in connection with sale of iron ore fines in prior years aggregating Rs. 19,037 Lakhs allegedly made in contravention of terms of the mining lease. Proceedings initiated by Enforcement of Directorate (ED) and Central Bureau of Investigation (CBI) are ongoing under the provisions of Prevention of Money Laundering Act, 2002 (PMLA), Prevention of Corruption Act, 1988 and the Indian Penal Code, 1860 against the Company and certain Company personnel in relation to matters as detailed in the said note. Management's response on these proceedings is also detailed in the said note. Pending final outcome of the on-going proceedings and basis management's assessment, no adjustment to these consolidated financial results in this regard have been considered necessary by the management. Our conclusion is not modified in respect of this matter. 7. The accompanying Statement includes the interim reviewed financial results and other financial information in respect of Usha Ma11in Employees Welfare Trust included in the standalone interim financial results of the Holding Company included in the Group, whose interim results reflect total revenues of Rs. Nil, total net loss after tax of Rs. 0.03 lakhs and total comprehensive loss of Rs. 0.03 lakhs for the quarter ended June 30, 2026, as considered in the standalone unaudited interim financial results of the Holding Company included in the Group which has been reviewed by the auditor of Usha Martin Employees Welfare Trust. The independent auditor's repo11 of Usha Martin Employees Welfare Trust has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of Usha Martin Employees Welfare Trust is based solely on the report of such auditor and the procedures performed by us as stated in paragraph 3 above. 8. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of: • nineteen subsidiaries, whose unaudited interim financial results include total revenues of Rs. 63,843 lakhs, total net profit after tax of Rs. 4,083 lakhs, total comprehensive income of Rs. 3,998 lakhs for the quaiier ended June 30, 2026, as considered in the Statement which have been reviewed by their respective independent auditors. • two joint ventures, whose unaudited interim financial re [Showing first 8,000 characters — download PDF for full document]