Please find enclosed ,the Statement of Deviation for Quarter ended on 31-03-2026
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Uday Jewellery Industries Ltd has filed a statement confirming there is NO deviation or variation in the use of proceeds from its Preferential Issue. The company raised Rs. 29.45 crore (out of a planned Rs. 34.65 crore) through multiple tranches on 02.11.2024, 26.12.2024, 14.02.2025, and 25.09.2025. The entire amount raised has been utilized for the stated purpose of working capital requirements to enhance business operations. The Audit Committee has reviewed and confirmed no deviations. The remaining Rs. 5.20 crore is expected from warrant conversions that occurred after the reporting date.
Positive signal for shareholders — the company has deployed funds exactly as promised in the offer document, with no misuse or deviation detected.