Pavan Khaitan

So I think the guidance clearly is positive. We are upbeat that with the commissioning of our last machine on our upgradation program, which is our PM3 that is going to be coming on stream within this month in about a week or so.

Peak debt, we are currently looking at about INR760 crores or INR770 crores maximum. And we have repayments of about INR170 crores, INR175 crores for the next 2 to 3 years. And by the next 3 years, we will be at very, very manageable levels of debt under INR300 crores. It's going to gradually reduce -- keep reducing over the next 1, 2, 3 years.

So we have a mix of two pulps that we use, which is almost 50-50 in content, 50% is agro pulp, 50% is wood pulp. Sourcing for that is primarily all within the state of Punjab or neighboring states. So raw material sourcing is not an issue for us other than the vagaries of sort o f pricing, sometimes it's wayward, but availability is not an issue at all for us.