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4. Turning to the 11 September 2026 communication received from the Reserve Bank of India, it is important to first understand precisely what this communication says. It records that the Company’s request for voluntary surrender of its certificate of registration cannot be acceded to, and it advises the Company to take necessary actions to ensure full compliance, immediately, with the guidelines and instructions applicable to a non-banking financial company in the Upper Layer. It does not mention listing. It prescribes no particular step, and it does not say that the Company is in breach. What its legal effect is, and what it requires of this Company and by when, are questions upon which this Board has formed no view. Before it can do so it must be briefed upon what has passed between the Company and the Reserve Bank over the last two and a half years, upon the submissions that were made and the responses received, upon what options were explored during that period and with what result, and upon the options which remain available now. It must then take considered legal advice of Counsel. Only upon that footing can this Board determine the legal implications of what it has received and how the Company should deal with it in the best interests of the Company and of its stakeholders. It is necessary to take these steps immediately, and we should begin at once.