Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 enclosed herewith is Monitoring Agency Report for the quarter ended March 31 2025 issued by CARE Ratings Limited Monitoring Agency appointed to monitor the utilisation of proceeds of the funds raised through preferential issue.