Please find enclosed the disclosure for change in Statutory Auditors.

Usha Martin Ltd's Board of Directors approved the appointment of M/s. MSKA & Associates LLP as the new Statutory Auditors for 5 years from the conclusion of the 40th AGM, replacing M/s. S R Batliboi & Co. LLP which is completing its second and final term. The Board also re-appointed two Independent Directors (Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi) for second 5-year terms. Additionally, three new Additional Directors were appointed: Ms. Shreya Jhawar (daughter of Managing Director Mr. Rajeev Jhawar), Mr. Dimitri Bracco Gartner (CEO of Usha Martin International), and Mr. Sabyasachi Majumder (Managing Director of Brunton Wire Ropes FZCo). All appointments are subject to shareholder approval.