Completion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary )
As filed · USHAMART: Usha Martin Limited has informed the Exchange about Completion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary ).
What happened
FactCompletion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary ). Business Undertaking of U M Cables Limited (“Wholly-owned subsidiary”). concern basis, via slump sale, with effect from the closing hours of 31st October 2026.
Why it matters
CapitSignal interpretationSelling a business converts an operating asset into cash; what the cash is then used for decides whether holders benefit.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Debt
RevisedOn the balance sheet front, we paid INR 157 crore of debt during the quarter entirely through internal accruals.
As a result, our net cash position stood at INR 111 crore and ROCE of 20.3% from continued operations.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Sale consideration
- Stated use of proceeds
- Revenue and profit leaving the group
- Going forward, we intend to invest approximately ₹200–250 Crore annually to further expand capacity in high-gr (management committed by FY27)
Evidence
- USHAMART: Usha Martin Limited has informed the Exchange about Completion of Slump Sale of the Business Undertaking of U M Cables Limited ( Wholly-owned subsidiary ).(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
- Earlier statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- DIVESTMENT base 64; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%