Usha Martin Limited — Others, 12-08-2025: Options to purchase securities

Usha Martin's Nomination & Remuneration Committee has approved granting 1,66,000 stock options to eligible employees of the company and its subsidiaries. These options, convertible into an equal number of equity shares, are priced at a 20% discount to the grant date's closing market price. This initiative aims to incentivize staff, aligning their interests with the company's performance and long-term growth. Shareholders should note the potential for minor equity dilution as these options are exercised, which must occur within one year of vesting.