Can't edit in the previous post, so making new post to give details about the update.
Frankly speaking, the update is simply superb.
[1] The only feature I missed in my Moto G62 was the "Secret Folder" option, which is now added in this update. Great.
[2] Two more apps got installed including one customization and family app (separate kid friendly profile).
[3] Now there is separate toggle for "WiFi" as well as "Mobile Data" in the notification Tiles section. Earlier in Android 12 both are merged. (In Pixel, even in Android 13, both are merged which is irritating one). Now I can safely remove the WiFi toggle widget in my Home Screen.
[4] Phone feels more smooth (after restarting twice) and finger print scanner becomes even more responsive.
The phone felt slightly sluggish, immediately after the update and network connectivity was terrible as well, initially. But a couple of restarts, solved them all totally. There is one minor bug, which rarely occurs, will dim the display when opening the app drawer, say once in 100 times. Overall I am very happy.