In line with our expectations, SGRL delivered sequential growth in Q2FY26, reflecting the company’s historically stronger performance in this quarter. The quarter-on- quarter improvement was driven by higher volumes and steady execution across key client projects. On a year-on- year basis, however, sales remained subdued due to lower realisations in the domestic market and softened demand across Europe. As previously guided, our margins continued to moderate with the repricing of contracts within the CRAMS business. We remain focused on optimising our product mix to sustain profitability amid these evolving dynamics. Despite muted realisations and the impact of higher depreciation and finance costs arising from recent capital investments, our profitability remained resilient. We continue to remain confident of sustaining our EBITDA margins in the range of 24-26% over the long term. Operationally, we have made substantial progress on the new pilot facility, which has now reached the final stages of commissioning. Completion is expected in Q3FY26, with operations scheduled to commence in Q4FY26. Work on Block 7 is progressing as planned, with the plant expected to be operational and begin commercial production in H2FY27. The newly commissioned Block 8 also showed encouraging trends with rising capacity utilisation through the quarter. We aim to achieve 50-60% utilisation by the end of the current financial year. On the business development front, we received approval from a European client for a new agrochemical project, with commercial orders scheduled to begin by Q4FY27. In Europe, we also secured a significant engagement with a leading pharmaceutical company. Progress with our Japanese client on the specialty chemicals project continues positively, and we expect to receive final project approvals by mid-2026. Additionally, we are actively evaluating new opportunities in European and Japanese market. Overall, we continue to strengthen our infrastructure and innovation capabilities. As guided earlier, FY26 remains a year of consolidation and capability-building, laying a strong foundation for scale-up and accelerated growth in the years ahead.