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Uday Jewellery Industries confirmed no deviation in the use of proceeds from its Preferential Issue. Out of the 34.65 Cr intended to be raised, the company has received 29.45 Cr, all of which has been utilized for working capital requirements to enhance business operations. The remaining amount is pending as 4,50,000 warrants are yet to be converted into equity shares, with 75% of that balance still to be received. This confirms funds are being used as planned for business growth.