Error: EMFILE: too many open files, watch

Bug Report
I upgraded the app to the new arch (0.76.x) and now I am getting this error when trying to archive in xcode:

node:events:491
      throw er; // Unhandled 'error' event
      ^

Error: EMFILE: too many open files, watch
    at FSEvent.FSWatcher._handle.onchange (node:internal/fs/watchers:204:21)
Emitted 'error' event on NodeWatcher instance at:
    at FSWatcher._checkedEmitError (node_modules/metro-file-map/src/watchers/NodeWatcher.js:82:12)
    at FSWatcher.emit (node:events:513:28)
    at FSEvent.FSWatcher._handle.onchange (node:internal/fs/watchers:210:12) {
  errno: -24,
  syscall: 'watch',
  code: 'EMFILE',
  filename: null
}

What is the current behavior?
App works fine, in dev as well as in release mode on both android as well as in iOS. First i was getting this error in terminal too when running npm start but that was fixed by deleting node_modules and reinstalling deps but archiving is still throwing this error.

If the current behavior is a bug, please provide the steps to reproduce and a minimal repository on GitHub that we can yarn install and yarn test.
Set Run scheme to Release and change run destination to Any iOS device, and try to archive.

What is the expected behavior?
Archive should be executed successfully instead of throwing a metro bundler error.

Please provide your exact Metro configuration and mention your Metro, node, yarn/npm version and operating system.
metro - v0.81.0
node - v22.11.0
npm - v10.9.0
react-native - 0.76

Reproduce the failure by setting the Xcode scheme to Release and archiving for Any iOS device, then inspect node_modules/metro-file-map/src/watchers/NodeWatcher.js around line 82 and the Node watcher error path. Compare the archive behavior with npm start, using the reported Metro 0.81.0, Node 22.11.0, and React Native 0.76 versions. Done means the archive completes without the EMFILE watch error.