Hello M. R. Chaturvedi,
Thank you for reaching out to Microsoft Support!
As far as I know, Graph hasn't made any changes to the audience in the access token.
The request path for you to get access tokens is not the Graph recommended way, and it is recommended that you use Graph recommended requests instead, if possible.
If you are using delegated permissions, it is recommended that you use Auth code flow.
If you are using application permissions, Client Credentials flow is recommended.
In the meantime, you can refer to this case, which also occurs if the scope is miswritten.
Hope this helps.
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