Please find enclosed the Monitoring Agency Report for the quarter ended June 30, 2025, issued by ICRA Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of Qualified Institutional Placement of the Company.
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Data Patterns (India) Limited has submitted ICRA's Monitoring Agency Report for Q1 FY2026 regarding the use of proceeds from its March 2023 Qualified Institutional Placement (QIP) of INR 500 Crore gross (INR 487.734 Crore net). As of June 30, 2025, the company has utilized INR 426.791 Crore of the proceeds, with INR 24.67 Crore spent during the quarter; the remaining INR 60.943 Crore is parked in fixed deposits (INR 42.15 Crore with HDFC Bank and INR 20.63 Crore with Axis Bank) earning interest. ICRA confirmed no deviation from the original objects of the issue. Full allocation has been deployed for working capital (INR 168 Crore), repayment of borrowings (INR 25 Crore), land acquisition (INR 7.75 Crore), and general corporate purposes (INR 104.515 Crore, used across working capital, mutual funds, taxes, GST, and PF). Delays were noted in two items: product development (INR 59.348 Crore still unutilized out of INR 167.238 Crore) and the EMI-EMC Testing Facility (INR 1.595 Crore unutilized out of INR 15.231 Crore).
This is a routine SEBI compliance filing with no negative findings—proceeds are being used as originally planned and idle funds are safely deployed in bank deposits earning returns. Minor delays in R&D and EMI-EMC capex are worth tracking in future quarterly reports but are not a concern for shareholders at this stage.