Pursuant to Regulation 32(6) of the SEBI (LODR) Regulations, 2015 and Regulation 41 of SEBI (ICDR) Regulations, 2018, please find enclosed herewith the Monitoring Agency Report dated May 15,2025 issued by CRISIL Ratings Limited for the Quarter ended March 31, 2025 in respect of utilization of proceeds of the IPO of the Company.