Himanshu Upadhyay

Yes. Hi. Good afternoon. My first question was, in the notes, we have stated that we have sold some stake in K-12, subsequent to the quarter for a consideration of Rs. 330 crores. Post these transactions, what is our stake in the company and how much have we sold in this tranche?

And in last few years, we have done pretty significant CAPEX for non-Stationery and domestic and also for exports, though exports have not done much. What would be your thought process for this Rs. 330 crores means? How do you plan to use it and what type of opportunities would you be looking for? And one more thing.

Okay. And one thing on the export side, now the clarity is there on the tariff or not clarity, but it seems better than what was last year the situation. In terms of your vendors, what type of discussions are happening? And what I understood was in FY25, before the tariff, US was nearly 75% of our exports of Stationery.