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Usha Martin Ltd. has received an order from the Division Bench of the Hon’ble High Court of Jharkhand, which set aside a demand notice and directed the State Government of Jharkhand to refund Rs. 19.38 Crore deposited by the Company under protest, along with 7% interest per annum since the date of deposit. The Company will lodge its claim for the refund as per the court's order.

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. We hereby disclose the details of the material pending litigation (Annexure 1) pursuant to the said.

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. Regulations, 2015 — Update on material litigation reported earlier under Integrated Filing. aggregate amount under litigation of Rs. 1844.12.