In accordance with Regulation 32(6) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Monitoring Agency Report in respect of utilization of proceeds of Preferential Issue, for the Quarter ended March 31, 2025, issued by M/s. CRISIL Ratings Limited, Monitoring Agency is enclosed herewith.