Surender Singh

Yes, thanks a lot. So, Akshat and our CFO, I was going through the latest annual report. And I see that regarding our borrowings, we talk about some covenants, which we could not honor in 2026, which in turn, we took waivers from banks. So, could you talk about it, what it was and what we did around it?

Okay. So, in 2025, we did with 2 banks and now I am seeing, I think, 6 bank names ar e given. So, what is our thinking on borrowings overall, like how it will progress?

Okay. And going forward, how you think about it, like it will remain like this, or we may take some more or there is a plan to further reduce it?