SCOM 2022 UR2 Installation Error - 1603

I am trying to install SCOM 2022 UR2 on my management servers but it's giving me an error message on very first step. Please help me in this regard. I am trying to install via exe (KB5031649-amd64-Server.exe). If I run msp for server, it doesn't do anything, no message, no error. Please help me in this regard:

Upon looking at the Setup log, here are the error codes:

MSI (s) (5C:A4) [23:56:16:315]: Product: System Center Operations Manager Server - Update 'System Center 2022 Operations Manager Update Rollup 2 Patch' could not be installed. Error code 1603. Additional information is available in the log file C:\Users\abcxyz\AppData\Local\Temp\2\KB5031649-AMD64-Server.msp.1.log.

MSI (s) (5C:A4) [23:56:16:315]: Windows Installer installed an update. Product Name: System Center Operations Manager Server. Product Version: 10.22.10118.0. Product Language: 1033. Manufacturer: Microsoft Corporation. Update Name: System Center 2022 Operations Manager Update Rollup 2 Patch. Installation success or error status: 1603.

MSI (s) (5C:A4) [23:56:16:316]: Note: 1: 1729

MSI (s) (5C:A4) [23:56:16:316]: Product: System Center Operations Manager Server -- Configuration failed.

MSI (s) (5C:A4) [23:56:16:316]: Windows Installer reconfigured the product. Product Name: System Center Operations Manager Server. Product Version: 10.22.10118.0. Product Language: 1033. Manufacturer: Microsoft Corporation. Reconfiguration success or error status: 1603.

MSI (s) (5C:A4) [23:56:16:317]: Attempting to delete file C:\WINDOWS\Installer\42f3b.msp

MSI (s) (5C:A4) [23:56:16:317]: Unable to delete the file. LastError = 32

MSI (s) (5C:A4) [23:56:16:319]: Deferring clean up of packages/files, if any exist

MSI (s) (5C:A4) [23:56:16:319]: Attempting to delete file C:\WINDOWS\Installer\42f3b.msp

MSI (s) (5C:A4) [23:56:16:322]: MainEngineThread is returning 1603

MSI (s) (5C:70) [23:56:16:323]: No System Restore sequence number for this installation.

=== Logging stopped: 1/03/2024 23:56:16 ===

AND there is another error in the setup log:

CAPACK: Failed to load assembly Microsoft.WindowsInstaller. Error code 0x800711C7

CleanUpDirectory: Removing directory. C:\WINDOWS\Installer\MSI1B88.tmp-

CustomAction _SearchOpsMgrShellPath.CFE2C791_D05A_4240_90ED_DEB20161DFB0 returned actual error code 1603 (note this may not be 100% accurate if translation happened inside sandbox)

Action ended 16:12:40: _SearchOpsMgrShellPath.CFE2C791_D05A_4240_90ED_DEB20161DFB0. Return value 3.

Action ended 16:12:40: INSTALL. Return value 3.