Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 82 of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, we are enclosing herewith Monitoring Agency Report in respect of the utilization of proceeds of Rights Issue for the quarter ended December 31, 2025, The report has been issued by Infomerics Valuation and Rating Limited, the appointed Monitoring Agency and has been duly reviewed by the Audit Committee of the Company.