Pursuant to Chapter XII of the SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025, on ''Fund raising by issuance of Debt Securities by Large Entities'', we hereby confirm that the Company does not fulfil the criteria as a 'Large Corporate' as specified in para 1.2 of the aforementioned Circular.