Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report issued by M/s. Infomerics Valuation And Rating Limited, for the Quarter ended on 31st December, 2025, in respect of utilization of gross proceeds of the IPO of the Company.