The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajeev Jhawar
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Rajeev Jhawar, part of the Promoter/Promoter Group of Usha Martin Ltd, has disclosed an acquisition of 12,50,000 equity shares (0.41% of total share capital) under SEBI SAST Regulation 29(2). The shares were received by way of Gift (not purchased in the open market) on 19 November 2025. Before this acquisition, he held 28,35,000 shares (0.93%), and after the gift his holding stands at 40,85,000 shares (1.34%) of the company. The total equity share capital of Usha Martin Ltd is 30,47,41,780 shares, and shares are listed on BSE, NSE, and Luxembourg (GDRs).
This is an intra-promoter group transfer by way of gift rather than a fresh market purchase, so there is no cash outflow or demand impact on the stock. Shareholders should note a modest increase in Rajeev Jhawar's individual promoter-group stake from 0.93% to 1.34%, with no change in the overall promoter shareholding of the company.