Hi Kautuk,
Thanks for troubleshooting but I just tried this also but it is not working.
It is working when we are using the same code base in to template renders component's directly.
Case 1: Working -- when keeping the code in template renders component
Case 2: Not working-- when keeping the code in to separate standalone component and dropping the component in different template page
Please have look at this video (I have captured both working and non-working cases) :
LINK:https://sameryadav.tinytake.com/sf/OTQ1NTEzXzM5NzI1NjQ
Thanks
Samer