Usha Martin has informed that it has been noticed that someone has uploaded a post conveying that Usha Martin is calling a board meeting on 9th January, 2016 to consider conversion of debt to equity shares. The Company intends to clarify that no such notice has been given by the Company. There is no such proposal for conversion of loan into equity is under consideration, nor the Company is under SDR Scheme.
The above information is a part of company’s filings submitted to BSE.