Please find enclosed the Annual Report for the Financial Year 2025-26.

USHA MARTIN Date: 27th 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] The Vice President The Vice President Central Depository Services (India) National Securities Depository Ltd Limited 301, 3rd Floor, Naman Chambers, Marathon Futurex, A-Wing G Block, Plot No. C-32, Bandra 25th Floor, N M Joshi Marg, Kurla Complex, Bandra East, Lower Parel Mumbai, Maharashtra, Mumbai – 400013 400051 Dear Sir/Madam, Sub.: Notice of the 40th Annual General Meeting and Annual Report for the Financial Year 2025-26 In continuation to our earlier intimation dated 15th July 2026 regarding convening of the 40th Annual General Meeting of the Company on Thursday, 20th August, 2026 at 11:30 A.M. (IST) through Video Conferencing/Other Audio Visual Means (‘VC/OAVM’) and pursuant to Regulation 34(1) and Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the copy of Annual Report for the Financial Year 2025-26 along with the Notice of the 40th AGM of the Company which is being sent through electronic mode to the members whose e-mail addresses are registered with the Company / Registrar and Transfer Agent / Depository Participants. Further, in accordance with Regulation 36(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a letter containing the web-link of the website of the Company from where the Annual Report can be accessed, is being dispatched to those members whose email address is not registered with the Company / Registrar and Transfer Agent / Depository Participants. The Annual Report along with the Notice of the 40th AGM of the Company are also available on Company's website at www.ushamartin.com. Further, the Dividend on equity shares as recommended by the Board of Directors for the Financial Year 2025-26, if approved at the AGM, will be payable to those Members of the Company who hold shares as on the Record Date i.e., 13th August 2026 on or after Monday, 24th August 2026. The schedule of events is as below: Event Day & Date Time (IST) Cut-off date Thursday, 13th August 2026 NA Commencement of remote e-voting Monday, 17th August 2026 9:00 A.M. End of remote e-voting Wednesday, 19th August 2026 5:00 P.M. AGM Thursday, 20th August 2026 11:30 A.M. USHA MARTIN LIMITED CIN: L31400WB1986PLC091621 (en 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 USHA MARTIN This intimation is also being made available on the website of the Company i.e. www.ushamartin.com. Kindly take the same on record. Thanking you, Yours faithfully, For Usha Martin Limited Manish Agarwal Company Secretary & Compliance Officer Enclosed: As above Copy to: KFin Technologies Limited (Registrar & Share Transfer Agent) Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi, Telangana India – 500032. USHA MARTIN LIMITED CIN: L31400WB1986PLC091621 (en 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 , i usHA '-' MARTIN STRONGER AS Annual Report 2025-26 Key Highlights of FY 2025-26 What’s Inside Revenue RoCE J3,691 20.6 02 Section 1: Corporate Overview Cr % 02 One Force, Many Strengths +6.2% YoY +130 bps 06 Usha Martin at a Glance 08 Global Presence Operating EBITDA Operating Cashflow 10 Product Portfolio and Services J705 J736 14 Performance Snapshot Cr Cr 16 Message from the Managing Director +18.1% YoY +36.0% 18 Landmark Installations and Projects 22 Technology and Transformation PAT (from Continuing Operations) Recommended Dividend per Share 24 ESG at Usha Martin J491 38 Honours and Recognition Cr J3.75 42 Section 2: Statutory Reports +20.9% YoY 42 Report of the Board of Directors 65 Management Discussion and Analysis CAPEX Net Cash Position Business Responsibility and 70 J198 J332 Sustainability Report Cr Cr 118 Report on Corporate Governance 138 Section 3: Financial Statements Independent Auditor’s Report (Standalone) 152 Standalone Financial Statements Independent Auditor’s Report (Consolidated) 238 Consolidated Financial Statements 324 Section 4: Notice to Shareholders To get a copy of this report online, please log on to: https://ushamartin.com/ STRONGER AS Operating as One 'Usha Martin' has made us stronger. Our sales teams are collaborating more closely across markets, sharing customer insights, combining Our businesses across geographies are working in capabilities and pursuing opportunities together. closer alignment, supported by common systems, policies and processes. This has improved transparency The benefits were visible in FY 2025-26, with stronger across the Group, enabled faster decision-making and coordination across our people, plants and businesses strengthened our ability to respond to changing market contributing to improved operating leverage and margins. requirements. Stronger as One reflects the strength we derive from SAP RISE with S/4HANA now connects our operations operating as One Usha Martin. We are better positioned on a common digital platform, providing consistent data to serve customers, capture opportunities and deliver and greater visibility across the organisation. We have sustainable growth as a global enterprise. also centralised key functions such as procurement and logistics, while establishing shared support capabilities in India for accounting and other back-office processes. 02 -Section 1 ■■■ USHA MARTIN LIMITED Annual Report 2025-26 ONE FORCE, MANY STRENGTHS Our mission of ‘One Usha Martin’ gained momentum during the year, bringing our businesses closer and making us a 'Stronger as One' organisation. Progress across our different product and end-industries segments improved performance, strengthened the core business and gave us a clearer direction for growth. With a shared global vision, we are better placed to offer higher-value solutions and build the business for the long term. ■■■-Section 1 03 Stronger Business HIGHER CAPACITY, BETTER MARGINS Scaling Capacity We expanded capacity and capability at our Ranchi plant to meet growing demand and support a wider range of specialised wire rope applications. Integration of Brunton Shaw UK and Ranchi We streamlined our UK operations by shifting the manufacture of selected products to India, while retaining the UK’s focus on specialised, large-diameter wire ropes. This has reduced costs, improved efficiency and strengthened the profitability of the business. Lean Manufacturing The implementation of TPM, 5S and waste-reduction practices across our manufacturing units has enhanced coordination, improved productivity and ensured better product quality. Cost Optimisation The establishment of a back-office in India has simplified processes, improved transparency and supported more efficient operations across the organisation. Centralising procurement and logistics has also enabled the Company to use its scale more effectively and secure better pricing. 04 -Section 1 ■■■ USHA MARTIN LIMITED Annual Report 2025-26 One Force, Many Strengths Stronger Market EXPANDING REACH, BUILDING LEADERSHIP Geographic Growth Customer Connect Core Segments We have expanded our global footprint We have taken initiatives to attract a We are focused on moving up the with Europe emerging as a key larger customer base to join our CRM value chain, stressing on higher value market, while continuing to explore platform. Seminars and customer addition in each product category. growth opportunities across Canada meets have helped us be [Showing first 8,000 characters — download PDF for full document]