Uday Jewellery Industries Ltd — Important, 28-05-2026: Company Update

Uday Jewellery Industries confirmed no deviation in using proceeds from its Preferential Issue for the quarter ended March 31st 2026. The company utilized 29.45 Cr for working capital to enhance business operations, as planned. This amount is part of the overall 34.65 Cr Preferential Issue targeted. The Audit Committee reviewed this statement, finding no variation in how funds were deployed compared to original objectives. This assures shareholders that capital is being used as intended for operational growth.