Further analysis:
When client couldn't get the key from the keychain then it goes for a key to save in keychain for the same identity anyway here on this task keychain error occured, does any chance on this might have deleted the existing key from keychain even though keychain locked:?
2025-06-17 12:12:30.246151 +0530 securityd insert failed for item <keys,kcls=0,klbl=3026A4A26A2CF40D21517C07AD2BEA631768FDBF,atag=636F6D2E6D73692E696E737461506F432E617373796D65747269632E7075626C69634B6579,crtr=0,type=42,bsiz=2048,esiz=2048,sdat=2001-01-01 00:00:00 +0000,edat=2001-01-01 00:00:00 +0000,agrp=group.com.msikodiak.eptt,sync=0,musr=, |otherAttr,tomb=0,cdat=2025-06-17 06:42:30 +0000,mdat=2025-06-17 06:42:30 +0000,perm=1,priv=1,modi=1,sens=0,asen=0,extr=1,next=0,encr=1,decr=0,drve=0,sign=0,vrfy=1,snrc=0,vyrc=0,wrap=1,unwp=0,pdmn=ck,sha1=4D6CC4172C5F6BA16D034165E2E365A070D16347,v_Data=<?>,UUID=7B669714-C788-4AAD-9992-52A706742B45,persistref=9295DE3FB385455BACFAA0E4656FE30E,clip=0> with Error Domain=NSOSStatusErrorDomain Code=-25308 "ks_crypt: e00002e2 failed to 'od' item (class 7, bag: 0) Access to item attempted while keychain is locked (hibernation?)." UserInfo={numberOfErrorsDeep=0, NSDescription=ks_crypt: e00002e2 failed to 'od' item (class 7, bag: 0) Access to item attempted while keychain is locked (hibernation?).} default
2025-06-17 12:12:30.263329 +0530 securityd deleted <keys, |otherAttr,rowid=374,sha1=005C72451B95532930BD165CE3F0D174DA2CD1B1,clip=0> from default
2025-06-17 12:12:30.265810 +0530 securityd WAVE PTX[235]/1#12 LF=0 add Error Domain=NSOSStatusErrorDomain Code=-25308 "ks_crypt: e00002e2 failed to 'od' item (class 7, bag: 0) Access to item attempted while keychain is locked (hibernation?)." UserInfo={numberOfErrorsDeep=0, NSDescription=ks_crypt: e00002e2 failed to 'od' item (class 7, bag: 0) Access to item attempted while keychain is locked (hibernation?).} default
HK