Business Transfer Agreement Executed for Slump Sale of U M Cables' Business Undertaking to R R Kabel
Usha Martin, its wholly owned subsidiary U M Cables Ltd and R R Kabel Ltd executed a Business Transfer Agreement on 25th September 2026.
By ScoutQuest · · 1 min read
- Transaction Type
- Business Transfer Agreement for slump sale
- Seller
- U M Cables Ltd (wholly owned subsidiary)
- Buyer
- R R Kabel Ltd
- Execution Date
- 25th September 2026
- Transfer Basis
- Going-concern basis
What was shared
Usha Martin Limited told the stock exchanges that a Business Transfer Agreement (BTA) was executed on 25th September 2026 between the Company, its wholly owned subsidiary U M Cables Limited (the Seller) and R R Kabel Limited (the Purchaser).
The transaction
- The business undertaking of U M Cables Limited is to be sold and transferred to R R Kabel Limited.
- The transfer is on a going-concern basis, by way of a slump sale — the business moves as a whole rather than as individually valued assets.
- The execution follows approval by the shareholders of U M Cables Limited.
Context
This update is a continuation of the Company's earlier intimation dated 24th September 2026, when the detailed disclosure required under Regulation 30 was made to the stock exchanges. The present communication confirms that the definitive agreement has now been signed.
How investors may read it
Signing of the BTA moves the announced divestment of the cables business from intent to a binding agreement. U M Cables is a wholly owned subsidiary, so the outcome flows into Usha Martin's consolidated accounts. The disclosure is also placed on the Company's website.
Also from Usha Martin
Voluntarily assigned ESG Rating of 63, upgraded from previous year's 60
15 Oct 2026
Board approves slump sale of subsidiary's optical fibre cable business to R R Kabel for Rs. 77 crore
24 Sep 2026
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