Tripti Shukla

Good morning, sir. Thanks for taking my question. My question is, in late July ICRA downgraded about a long-term credit rating from (A+) to (A) for our ₹830 crores credit facility. So, could you walk us through the primary drivers behind and how you are managing your debt profile alongside with the recent ₹129 crores working capital facility from Kotak?

My second question is like; I was looking at the presentation. I saw that the government mix jumped significantly from 32% in Q1‘27 up from 24% a year ago. So, currently your overall ARPOB year-on-year compression to 44,711.

My next question is related ROCE like you go to double your RCOE which currently sits near around 7% on consolidated basis. Concurrently you are planning to expansion in Mumbai via 200 beds of Asha Parekh Hospital development. So, could you give us a sense of expected cash CAPEX outlay for this Mumbai facility in April 2027 and how will you balance this heavy investment against your goal of immediate ROCE expansion?