Usha Martin Limited — Others, 12-05-2025: Change in Management

Usha Martin has announced a board meeting that approved the financial results for the quarter and year, with auditors giving an unmodified opinion on standalone and consolidated accounts. The Board proposed a dividend of Rs. 3 per equity share, subject to shareholder approval. Mr. Chirantan Chatterjee was appointed Whole-Time Director for five years, effective immediately. The company also appointed new Secretarial, Cost, and Internal Auditors for FY 2025-26 and updated its Code for Fair Disclosure. Ongoing legal proceedings concerning iron ore sales remain, with management expecting a positive resolution and no financial impact recorded.