Tejas Sonawane

Three questions from my side. Firstly, on the capex plan, the second MOU, which we had announced of INR 9,000 crore. So we also had mentioned about plans of expanding into MMA, PMMA and NME. So if you can provide some update about these products? Secondly, I just wanted to know if you can give us some color on the peak debt levels, which we could see by FY28.

It was on the quarterly segmental performance. So , if you remove the Government incentive income from the Q4 FY25 segmental Phenolics revenues and the Q1 FY26 revenues, there is a sequential decline of 6%. While in the initial remarks, you did highlight that realizations have improved sequentially, while the volumes also have been steady.