Renesas rzg2lc kernel panic in base image when 'init 0' and 'shutdown now' command executed.

I am using Renesas rzg2lc EVK. I have built base VLP3.0.0 image and another base image VLP3.0.1 image referenced from renesas official document. As soon as I entered 'init 0' and 'shutdown now' commands, my kernel goes into panic mode. Here I have attached logs for both VLP3.0.0 and VLP3.0.1.

VLP3.0.0_logs

VLP3.0.1_logs