Pursuant to the Regulation 32 of SEBI (LODR) Regulations 2015, read with Regulation 41 of SEBI (ICDR) Regulations, 2018, we herewith enclosing Monitoring Agency Report issued in respect of the utilization of the proceeds of the Initial Public Offer (IPO) of the company, for the quarter ended March 31, 2025, by CARE Rating Limited, the Monitoring Agency.