Edvenswa Enterprises Ltd — Important, 29-05-2026: Company Update

Edvenswa Enterprises has submitted a statement detailing a deviation in the utilization of funds raised through a Preferential Issue for the quarter ended March 31, 2026. The company had earmarked 1,500,000 for working capital but did not utilize these funds. This unutilized amount is due to ongoing negotiations for various projects. Management stated that the company is actively pursuing new business opportunities, which are expected to materialize shortly, leading to the utilization of these funds. This update clarifies the current status of preferential issue funds intended for operational use.