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Vrundavan Plantation Limited has announced no deviation or variation in the use of proceeds from the preferential allotment of 8,56,872 warrants. The company raised Rs. 1.09 Cr as part payment at subscription, with the balance Rs. 3.28 Cr to be received upon exercise of warrants. Funds are allocated for long-term working capital and general corporate purposes, with Rs. 1.09 Cr utilized so far and no amount deviated from the planned use. The Audit Committee reviewed and approved the utilization report for the period ended March 31, confirming adherence to stated objectives.