My MacBook Air M1 2020 is switching on automatically even after shutting down

Over the past few weeks, my MacBook Air M1 2020 has been switching on automatically even after shutting down the laptop. It doesn't matter if the lid is open or closed since, within 10-40 minutes, it switches on automatically. I already performed the Apple Hardware Diagnostics Test and it stated that there were no hardware issues found. I have updated my macOS to the latest Sonoma 14.5 and is up to date. This issue began before I updated to the latest Sonoma 14.5 itself. I checked on the Activity Monitor too and there were nothing out of ordinary running on the background.

Can someone please help me on what would be causing this and how do I resolve this issue ?