Data Patterns (India) Limited — Annual Report 2022

May 24, 2022

Date: 23.05.2022

To National Stock Exchange of India Limited Exchange Pla za, Bandra Kurla Complex, Bandra(E), Mumbai -400051 NSE Symbol- DATAPATTNS

To BSE Limited 25th Floor, P.J . Towers, Dalal Street, Mumbai- 400 001 Company Code: 543428

Sub: Outcome of the Board Meeting held on 23,d May, 2022 Ref: Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that the Board of Directors ("the Board") at its meeting held today i.e. on May 23, 2022, approved the Audited Financial Results, of Data Patterns (India) Limited for the quarter and year ended 31" March, 2022. The Financial Results and Statutory Auditors Report thereon are enclosed as herewith.

The approved financial results are in pursuance of Regulation 33 of SEBI (Listing Obligations and Disclosure) Requirements, 2015.

The Compa ny also have recommended dividend for F.Y. 2021-22.

The Board meeting commenced at 04:30 P.M. and concluded at 07:15 P.M.

We request you to take the above information on record and oblige.

Thanking You.

For Data Patterns (India) Limited

Manvi Bhasin Company Secretary and Compliance Officer

Encl: Audited Financial Resu lts

DATA PATTERNS (INDIA) LIMITED (Formerly known as Indus Teqsite Pvt. Ltd.) Plot H9, Fourth Main Road, SIPCOT IT Park, Siruseri Off Rajiv Gandhi Salai (OMR) Chennai - 603 103 Tel: +91 444741 4000 I Fax: +91 444741 4444 Website: www.datapatternsindia.com CIN: L 72200TN1998PLC061236

DATA PATTERNS (INDIA) LIMITED

CI N: L 72200TN 1998PLC061236

Registered Offiee: Plot H9, Fourth Main Road, SIPCOT IT Park, Siruseri, Chennai 603103, Tamil Nadu, India.

STATF.MF.NT OF AIiDITF.n FINANCIAL RF.StlT.TS FOR nm QtlARTER ANn YEAR ENnED 31st MARCH 2022

	(Rs in Crores except EPS)
		Ouarter ended			Year ended
		Audited	Unaudited	Unaudited	Audited	Audited
S.No	Particulars	$31-Mar-22$	$31 - Dec-21$	$31-Mar-21$	$31$ -Mar-22	31-Mar-21
		(Refer Note 6)		(Refer Note 7)
I	Revenue from Operations	170.54	43.84	157.06	310.85	223.95
ĨĨ	Other Income	2.53	0.70	0.53	3.96	2.60
Ш	Total Income (I+II)	173.07	44.54	157.59	314.81	226.55
IV	Expenses:
	a) Cost of materials consumed	52.61	12.76	26.44	91.59	62.97
	b) Changes in inventories of work in progress and finished goods	7.10	(7.43)	22.62	(5.52)	7.44
	c) Employee benefits expenses	17.17	17.05	13.51	62.35	48.42
	d) Finance cost	3.53	2.65	3.19	10.99	14.50
	e) Depreciation / Amortization	1.89	1.73	1.36	6.63	557
	f) Other expenses	6.20	5.87	5.79	21.39	13.13
	Total Expenses (IV)	88.50	32.63	72.91	187.43	152.03
$\overline{\mathbf{v}}$	Profit before exceptional items and Tax (III-IV)	84.57	11.91	84.68	127.38	74.52
$\overline{\mathbf{v}}$	Exceptional items
VII	Profit / (Loss) before tax (V-VI)	84.57	11.91	84.68	127.38	74.52
$\overline{VIII}$	Tax expense (including deferred tax)	22.95	2.95	18.72	33.41	18.96
$\overline{\mathbf{IX}}$	Profit / (Loss) for the period (VII-VIII)	61.62	8.96	65.96	93.97	55.56
X	Other Comprehensive Income / (Loss) (net of tax)	(1.27)	0.04	(0.24)	(1.15)	(0.96)
XI	Total Comprehensive Income / (Loss) for the period $(IX+X)$	60.35	9.00	65.72	92.82	54.60
XII	Paid up equity share capital(Face value of Rs 2 each)	10.38	10.38	170	10.38	170
XIII	Other Equity	564.13	512.20	206.23	564.13	206.23
XIV	Earnings per equity share (EPS) of face value of Rs 2 each*(Basic and Diluted)*FDC is not municipal for the number of $1, 1, 2, 1, 1, 0, \ldots, 1, 20, 21, 31, 11, \ldots, 1, 20, 21$	12.77	1.91	14.11	19.48	11.90

*h.PS IS not annualrsedjor the quarter ended 31st December 2021, 31st March 2021

Notes:

• The above audited financial results for the quarter and year ended March 31, 2022 of Data Patterns (India) Limited ("the Company") have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on May 23, 2022 in terms Of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditor of the Company has expressed an unmodified opinion on the aforesaid results.
• 2 The financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under section 133 Of the Companics Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
• 3 The Group operates only in one business segment i.e. manufacture, sale and service of defence electronics, and hence does not have any reportable segment as per Indian Accounting Standard 108 "operating segments".
• 4 The Company has completed Initial public Offering (lPO) of its equity shares, comprising a fresh issue of 51,42,425 equity shares (including Pre IPO placement of 10,39,861 equity shares) and offer for sale of 59,52,550 equity shares by the existing selling shareholders at an offer price of Rs. 585 per equity share (Rs 577 for Pre IPO placement) . Pursuant to the IPO, the equity shares were allotted on December 22, 2021 and listed on the BSE Limited and National Stock Exchange of India Limited on December 24,2021.

The details of utilization of proceeds from IPO and pre-IPO placement, net oflPO expenses (inclusive ofGST) are as follows:

Particulars	As per the objectsof the issue	lJtilized upto31st March2022	Ami in Rs CroreslJn-utilized asat31st March2022
Prepayment or repayment of outstanding borrowings availed by ourCompany	60.08	60.08	-
Working capital requirements	95.19	-	95.19
Upgradation and expansion of existing facility	59.84	17.39	42.45
General Corporate purposes	66.31	49.07	17.24
	281.42	126.54	154.88

5 In view of the Government of India's Order under the Disaster Management Act, 2005 to implement complete lock down in all parts of India with effect from 25th March 2020 to contain spread of COVID-19 virus and partial lockdown during FY 2021-22, the operations of the Company were shut down. Though this has impacted the normal operations of the Company by way of interruption in production, supply chain disruption and unavailability of personnel, there has been no material impact on the financial performance of the Company for the quarter and year ended 31 st March 2022.

The extent of the impact of COVID-19 on the future operational and finance performance will depend on certain developments including the duration and spread of the outbreak, the future impact on employees and vendors, all of which are uncertain and cannot be predicted. As the impact of COVID-19, if any, on the future operational and financial performance of the company may be different from management estimates in this regard, the company will continue to closely monitor any changes as they emerge.

• 6 The figures for quarter ended March 31, 2022 are arrived as balancing figures between audited figures for the year ended March 31, 2022 and the published unaudited year to date figures for the nine months ended December 31, 2021 which was subject to a limited review as required under listing regulations.
• 7 The figures for quarter ended March 31, 2021 are arrived as balancing figures between audited figures for the year ended March 31, 2021 and the unaudited figures for nine months ended December 31, 2020. These figures have not been subject to an audit or review by the statutory auditors. The management has taken necessary care and due diligence to ensure that the financial results for the ahove mentioned period are fairly stated
• 8 The Board of Directors at its meeting held on 23rd May 2022 has recommended a final dividend ofRs. 3.50 per equity share for the FY 2021-22.

Place: Chennai Date: May 23, 2022

DATA PATTERNS (INDIA) LIMITED

CIN:L72200TNI998PLC061236

Registered Office: Plot 1-19, Fourth Main Road, SIPCOT IT Park, Siruseri, Chcnnai 603103, Tamil Nadu, India. AUDITED STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31st MARCH 2022

(Rs ill Crores)
	As at	As at
Particulars	31st March 2022	31st March 2021
ASSETS
Non-current assets
(a) Property, Plant and Equipment	44.16	29.21
(b) Capital Work in Progress	17.30	-
(c) Intangible Assets	1.35	0.56
(d) Right of Use Assets	1.97	3.44
(e) Other Financial Assets	117.79	34.07
(0 Deferred Tax Assets (Net)	0.76	-
(g) Other non- current assets	3.49	-
	186.82	67.28
Current assets
(a) Inventories	119.77	73.74
(b) Financial Assets
(i) Trade receivables	198.31	155.94
(ii) Cash and cash equivalents	177.08	8.80
(iii) Other Bank balances	-	-
(iii) Other Financial Assets	8.86	5.09
( c) Other current assets	15.83	17.75
	519.85	261.32
TOTAL	706.67	328.60
EQUITY AND LIABILITIES
Equity
(a) Share capital	10.38	1.70
(b) Other Equity	564.13	206.23
	574.51	207.93
Liabilities
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings	0.73	9.77
(ii) Lease Liabilities	1.11	2.43
(b) Pruv isiuIlS	11.16	8.52
(c) Deferred Tax Liability (Net)	-	0.87
(d) Other Non Current liabilities	15.70	27.37
	28.70	48.96
Current liabilities
(a) Financial Liabilities
(i) Borrowings	6.04	23.46
(ii) Lease Liabilities	1.32	1.51
(iii) Trade payables
(a) Total outstanding dues of micro and
small enterprises	3.72	0.24
(b) Total outstanding dues of creditors other than
micro and small enterprises	34.43	11.76
(iv) Other Financial Liabilities	22.07	4.01
(b) Other current liabilities	22.68	24.64
( c) Provisions	0.72	0.96
(d) Current tax Liabilities	12.48	5.13
	103.46	71.71
TOTAL	706.67	328.60

Place: Chennai Date: May 23, 2022

CIN:L 72200TN 1998PLC061236

Registered Office: Plot 119, Fourth Main Road, SlPCOT IT Park, Siruseri, Chcnnai 603103, Tamil Nadu, India.

AUDITED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31st MARCH 2022

For the year endedFOI' the yea.' endedParticulars31st March 202231st March 2021A.Cash Flow Fl'Om Operating ActivitiesNet PI'ofit before tax127.3874.52Adjustments for:Add: Depreciation6.635.57Add: Interest And Finance Charges10.9914.50-Less: Profit on sale of assets(0.12)(3.98)Less: Interest Income(2.22)Operating PI'ofit Before Working Capital Changes141.0392.24Adjustments For Working Capital Movements:(Incrcase )/Decrcase in Inventories(46.02)5.61l(42.37)(Increase)/Decrease in Receivables(40.30)(3.89)(Increase )/Decrease in Other Financial Assets(0.49)(Increase )/Decrease in Other Current Assets( 1.57)(2.50)Increase/(Decrease) in Trade Payables26.15(5.27)18.06Increase/(Decrease) in Other Financial Liabilities(3.30)(1.96)Increase/(Decrease) in Other Current Liabilities2.17(1.66)Increase/(Decrease) in Non Current Liabilities13.04Increase/(Decrease) in Provisions0.871.08Cash Generated From Operations78.6462.35(28.36)Direct Taxes Paid(18.98)Net Cash flow From Operating Activities (A)50.2843.38B.Cash Flow From Investing ActivitiesPurchase Of Property, Plant and Equipment (PPE) including Capital work in Progress(38.20)-Proceeds from sale of PPE0.72Interest Income on Deposits3.982.22Margin Money Deposits (Placed)/Redeemed(83.61 )11.50Net Cash flow From Investing Activities (B)(117.82)8.76C.Cash Flow From Financing Activities(8.87)Interest/Finance Charges on BorrowingsProceeds From/(Repayment of )Long Term Borrowings (Net)(9.04)9.22Proceeds From/(Repayment of)Short Term Borrowings (Net)(17.42)(11.1 0)Dividend Paid( 1.82)Lease Liability payment-Proceeds from Initial public offer of equity shares300.00-(15.90)IPO Issue expenses(44.86)Net Cash flow From Financing Activities (C)235.85Net Increase in Cash & Cash Equivalents (A+B+C)168.287.28Cash &. Cash Equivalent At The Reginnining Of The Year1.51S.SOCash & Cash Equivalent At The End Of The Year177.088.80Net Increase/(Decrcase)i~<:ash & Cash Equivalents168.287.28			(Rs ill Crores)
			(5.69)
			(14.50)
			(37.16)
			(0.34)
			(2.08)

Place: Chennai Date: May 23, 2022

For and on behalf of the Board \ DATA['E:rr) L1MD Sri'[~," R .. ,;rn,,, Chairman and Managing Directo DIN : 00643456

R.G.N. PRICE & CO., CHARTERED ACCOUNTANTS

Phone 2841 3633 & 28583494

E-Mail price@rgnprice .com

Offices at Mumbai, Bangalore, New Delh i, Kochi, Kallam & Kozh ikode

Simpson's Buildings 861 , Anna Salai, Chennai - 600 002

23" May 2022

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF THE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DATA PATTERNS (INDIA) LIMITED

Opinion

We have audited the accompanying Statement of Financial Resu lts of DATA PATTERNS (INDIA) LIMITED (the "Company"), for the quarter and year ended 31 March 2022 (the "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15, as amended (the " Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

• I. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and
• II. gives a true and fair view in conform ity with the applicahle accounting standards and other accounting princip les genera lly accepted in India, of the net profit and other comprehensive income and other tinancial information of the Company for the quarter and year then ended March 3 1, 2022.

Basis for Opiniull

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143( 10) of the Companies Act, 20 13 (,1he Acr'). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (" I CAl") together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAl's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a barOr our audit opinion.

Management's Responsibilities for the Financial Results

The Statement has been prepared based on annual financia l statements. The Board of Directors of the Company are responsib le for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income and other financial infonnation in accordance with the applicable accounting standards prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions ofthe Act for safeguarding the assets of the Company and for preventing and detecting fraud s and other irregularities; selection and application of appropriate account ing policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financia l controls that were operating e ffectively for ensuring the accuracy and completeness ofthe accounting records, relevant to the preparation and presentation ofthe Statement that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors is responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no real istic alternative but to do so.

The Board of Directors is also responsible for overseeing the financ ial reporting process of the Company.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole are free [rom material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a materia l misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could re\nablY be expected to influence the economic decisions of users taken on the basis ofthe Statement.

As part of an aud it in accordance with SAs, we exercise professiona l judgment and maintain professional scepticism throughout the audit. We also:

• Ident ity and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional om issions, mi srepresentations, or the override of internal control.
• Obtain an understanding of internal finan cial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3Xi) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financi al controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the abi lity of the Company to continue as a going concern. If we conclude that a material uncertainty ex ists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modity our opinion. Our conclusions are based on the audit ev idence obtained up to the date of our auditor's report. However, future events or conditi ons may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identity during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related

Other matters

• The Statement includes the results for the quarter ended 31 March 2022 being the balancing fi gure between the audited figures in respect of the full financial year ended 3 1 March 2022 and the published unaudited year to date fi gures up to the third quarter of the current fi nancial year, which were subjected to a limited review by us, as required under the Listing regulations.
• We have not audited or reviewed the comparative financial in fonnation appearing in the Statement for the corresponding quarter ended 31 March 202 1 which have been presented solely based on the in formation compiled by the Management and has been approved by the Board of Directors.

Partner Membership No.20859 I UDlN: 22208591 AJ LlJG4362

Place: Chennai Date: May 23 , 2022