Fund raising approved

Debentures) denominated in Indian Rupees (“Rs.”) each having a face value of Rs. 5,00,000/- (Rupees Five.

Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.

• Instrument and amount finally raised
• Stated use of proceeds
• Whether the enabling resolution is actually used
• We feel U.S. will substantially -- will come down substantially below the 50% mark over the next 18 to 24 mont (management committed by H1 FY27)
• I think India should become approximately INR400 crores to INR500 crores market in the next, I would say, 2 ye (management committed by FY27)