Akhil Gulecha

My first question is just to understand the AUM growth. So , there's some little confusion here on your Q1 FY26 number. So , the number that you have reported in your current investor presentation is INR 9,120 crores, which shows a 24% growth. But the number reported in your Q1FY26 investor presentation was INR 8,700 crores, which shows around 30% AUM growth. So what is the correct number for Q1FY26?

Got it. Got it. So it's actually 24% is the right number to look at?

Got it. And on your disbursements. So even if I account for the check handover changes, your disbursements have grown 18%, I would say significantly lower than all your peers this quarter who are growing above 30%, 40% on a much higher base. So what happen ed this quarter? It's also that you have no branch addition this quarter where you're guiding for 40, 50 branch additions for the whole year.