Please find enclosed herewith statement of deviation for the quarter ended on 31.12.2025
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Awaiting price reaction for this filing.
Uday Jewellery Industries has filed a quarterly compliance statement confirming there is no deviation or variation in the use of funds raised through its preferential issue. The company had planned to raise Rs. 34.65 crore in total, of which Rs. 29.45 crore has been raised till December 31, 2025, through allotments made on 02.11.2024, 26.12.2024, 14.02.2025 and 25.09.2025. The entire Rs. 29.45 crore raised has been fully utilised for the stated object, which is working capital requirements for enhancing business operations. The Audit Committee reviewed the statement and had no comments. About 4,50,000 warrants are still pending conversion into equity shares, meaning roughly 75% of the balance amount on these warrants is yet to be received by the company.
This is a routine regulatory filing with no negative implications — the company has used the preferential issue funds exactly as promised to shareholders, with full Audit Committee sign-off. The pending warrant conversions represent about Rs. 5.2 crore of potential additional equity inflow, which is a minor positive but not a material event for the stock.