Pursuant to the Regulations 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the Monitoring Agency Report for the quarter ended December 31, 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 the ICRA Limited Monitoring Agency Report for the quarter ended December 31, 2025, tracking the use of proceeds from its March 2023 Qualified Institutional Placement (QIP) of Rs 500 crore (net proceeds Rs 487.734 crore). As of Q3 FY2026, the company has utilized Rs 445.891 crore of the Rs 487.734 crore raised, with Rs 41.843 crore still unutilized and parked in fixed deposits with HDFC Bank and Axis Bank. Utilization is in line with disclosed objects, with no deviation flagged, though product development and EMI-EMC testing facility projects have seen delays. The objects covered working capital, product development, debt repayment, capex, land acquisition, and general corporate purposes.
This is a routine regulatory filing confirming QIP funds are being deployed as planned, with no misuse or deviation. The delays in product development and capex, along with the still-unutilized Rs 41.843 crore, are minor negatives but not material concerns since funds are safely parked in bank FDs. Neutral to mildly positive for shareholder confidence on fund management discipline.