Effwa Infra & Research Limited — Others, 08-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Effwa Infra & Research Ltd. confirms that the proceeds from its Initial Public Offering have been fully utilized as per the objectives outlined in the July 2024 prospectus. This adherence was reviewed and approved by the Audit Committee, reinforcing disciplined capital allocation. The proper deployment of funds supports the company’s growth strategy and ongoing operations, providing confidence to shareholders regarding financial transparency and operational execution.