Amish Kanani

Congrats on a reasonably good operational quarter. Sir, collection for this as a guidance, is it dependent on any of the launches for this year? Or we should presume that collection will continue, if the construction continues because we know that even Q-o-Q, the dip in presales is high, but construction spend and collection dip on Q4 over -- Q1 over Q4 is not so bad.

Sure, sir. That's good to hear. And sir, coming back to the debt part, we are doing a promoter preference at 111 and which is a very good signal at least to the market that we are very confident about our old transaction and the value.

Yes. And sir, the question is that is it -- yes, so the last question, sir, in that context is we give this surplus as a valuation parameter for us to kind of give us some sense of what will be the potential value. But we can -- globally, there were a few things where the NAV was also actually calculated and shared with the investors because we are challenging -- the accounting profits is a challenge for us.