Uday Jewellery: No Deviation in Preferential Issue Fund Use

Uday Jewellery Industries Ltd has filed its Statement of Deviation for the quarter ended June 30, 2026. The company confirms there has been no deviation or variation in the use of proceeds from its preferential issue, which raised ₹34,65,00,000. The funds were raised through the conversion of warrants into equity shares and the balance consideration was received in full. The proceeds have been utilized for working capital requirements to enhance business operations, as originally stated. The Audit Committee has reviewed and found no issues.