Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable (Transaction Announcement)
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI Listing Regulations - Slump Sale
Key Financial Highlights:
Divested Business Financials (UMCL - FY26):
- Revenue from Operations: ₹78.19 crore (represents 2.12% of Usha Martin's consolidated revenue of ₹3,691.06 crore)
- Net Worth: ₹35.32 crore (represents 1.07% of Usha Martin's consolidated net worth of ₹3,302.08 crore)
Transaction Details:
- Sale Consideration: ₹77 crore (Rupees Seventy-Seven Crores)
- Payment Terms: Subject to working capital adjustments
- Transaction Type: Slump sale on going-concern basis
Corporate Actions:
- Slump sale of entire business undertaking of U M Cables Limited (wholly owned subsidiary)
- Business includes manufacturing and selling of optical fibre cables, jelly-filled telecommunication cables and fibre reinforced plastic rods
- Purchaser: R R Kabel Limited (CIN: L28997MH1995PLC085294)
- Business Transfer Agreement approved for execution
Other Significant Information:
- Strategic Rationale: Aligns with company's strategy to streamline portfolio and focus on core wire and wire ropes business
- Expected to enable more efficient capital deployment toward long-term growth priorities
- No change in shareholding pattern of listed entity
- UMCL will continue as wholly owned subsidiary post-transaction (no equity shares being sold)
- Buyer Details: R R Kabel Limited is listed company with registered office at Ram Ratna House, Utopia City, P. B. Marg, Worli, Mumbai – 400013, Maharashtra
- Buyer Business: Manufacturing and selling cables, wires, lights, fans, appliances and related products
- Buyer FY26 Revenue: ₹9,722.36 crore
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