Effwa Infra & Research Limited — Others, 14-11-2024: Utilisation of Funds

Effwa Infra & Research Ltd. has confirmed that there has been no deviation in the use of proceeds from its Initial Public Offering as per the stated objectives in the prospectus. The proceeds will be utilized as outlined in the company’s prospectus dated July 10, 2024. This confirmation follows a review by the Audit Committee, ensuring that the funds are being directed efficiently towards the intended projects and goals without any variations in allocation.