My first question was on continuation on this, overseas subsidiaries only . Given your commentary, it looks like the major part of the improvement will be felt only in FY26 because these things will take some time. So, in that context, when we look at your presentation and there's a comment around reduction in losses, is it mostly related to the India subsidiaries which are going to drive this this year or you still feel that we could see substantial reduction in losses in the overseas subsidiaries, despite the concerns that you are highlighting?
Understood. And secondly, just a bookkeeping question. If I look at your prese ntation in slide #11, if I look at the India operation EBITDA, I am assuming this is standalone plus the Indian subs. But if I add the EBITDA of standalone and the Indian subs, I still get like a 50 crore EBITDA which is unexplained, is there some accounting thing here, or am I missing something? Kedar Dixit So, this is mainly due to the inventory reduction for our trading entity, as there is an inventory movement, it will keep on fluctuating this time, since there was an inventory reduction, there was a benefit for the group.