The Board of Directors of the Usha Martin Limited at their meeting held on April 27, 2023, recommended Dividend of INR 2.50 per Equity Share of INR 1 each (250%) to the Shareholders for the financial year ended 31 March 2023. The dividend recommended by the Board of the Company is subject To Approve the shareholders at the upcoming Annual General Meeting (AGM) of the Company and will be paid as per applicable guidelines.