Q1 FY26 has been a challenging yet strategically important quarter for Praveg. We delivered a robust 61.50% growth in consolidated total income to ₹ 39.86 crore and maintained a positive EBITDA of ₹ 6.22 crore, despite the impact of seasonal and external factors that led to lower occupancy. Some of our recently launched properties Jawai, Bangaram, and Kachigam are in the early stages of brand building, and while they carry high fixed costs, we believe these destinations will emerge as strong revenue drivers in the coming years. Our Bangaram unit also underwent a smooth handover to IHCL for operation under the SeleQtions Brand. Despite the temporary dip in margins, our strategic direction remains unchanged. With over 825 rooms across 17 operational resorts and one hotel, a growing eco-responsible luxury portfolio, and strong partnerships, Praveg is well-positioned to capitalise on the growing demand for sustainable and experiential travel in India and globally. The investments and initiatives undertaken this quarter lay the foundation for sustainable growth and long-term shareholder value.