Good news, Ram. You can just edit licenseinfo.properties file, in the cfusion/lib folder (or if using instances, [instancename]/lib), then restart CF. You will see the change reflected in the CF Admin "Licnsing and Activation" page. (Readers should note we are discussing the new CF2021 "deployment profile" feature, not to be confused with the "developer profile" which had been introduced in CF11.)
FWIW, I raised a bug for it in Nov 2021 (https://tracker.adobe.com/#/view/CF-4212569), and I hope you'll add a vote for it. I discuss this workaround there, including the 5 values for deploymenttype (and where those are documented).
Let us know if this gets you going.