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Usha Martin
BSE: 517146NSE: USHAMARTISIN: INE228A01035

16th-Feb-2015 13:49Source: NSE

Usha Martin Limited

Usha Martin Limited has informed the Exchange that with reference to Company''s letter dated January 31, 2015 inter-alia fixing the date for Extra Ordinary General Meeting of members for issue of convertible warrants on preferential basis to promoters. In this regard, Company would like to inform you that the date of said Extra Ordinary General Meeting of members is now proposed to be held on March 16, 2015, instead of March 9, 2015 intimated earlier. Further, the Company also proposes to explore issuance of Non Convertible Debentures (NCDs) / Bonds for an amount of upto Rs.400 crores through private placement to replace existing borrowings of the Company by same amount. The shareholders'' approval shall be solicited for this proposal as well through notice for the Extra Ordinary General Meeting of members proposed to be held on March 16, 2015.

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