Hi @Harihara Manigandan T ,
To allowExternalSenders property you need to provide these three permissions Group.ReadWrite.All, Directory.ReadWrite.All, Directory.AccessAsUser.All as mentioned in MS documentation.
Attaching the screenshot of my test.
Note : Only a subset of the group API pertaining to core group administration and management support application and delegated permissions. All other members of the group API, including updating autoSubscribeNewMembers, support only delegated permissions. As mentioned here In Ms known issue.
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