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Data Patterns (India) Limited — Capital/Financing Update 2025
Nov 14, 2025
59610_rns_2025-11-14_9f03d7fd-6be7-4e21-a877-6384a9f5acd4.pdf
Capital/Financing Update
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SEC/SE/086/2025-26 Chennai, November 14, 2025
| To National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra(E), Mumbai - 400051 NSE Symbol - DATAPATTNS |
To BSE Limited 25thFloor, P.J. Towers, Dalal Street, Mumbai - 400 001 Company Code: 543428 |
|---|---|
Sub: Submission of Monitoring Agency Report for the quarter ended September 30, 2025
Dear Sir/Madam,
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 September 30, 2025, issued by ICRA Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of Qualified Institutional Placement of the Company.
We request you to take the above record and oblige.
Thanking You.
For Data Patterns (India) Limited
Digitally R signed by PRAKASH R PRAKASH
Prakash R Company Secretary and Compliance Officer Membership No. F13620
Encl: As above
DATA PATTERNS (INDIA) LIMITED Plot H9, Fourth Main Road, SIPCOT IT Park, Siruseri Off Rajiv Gandhi Salai (OMR) Chennai - 603 103 Tel: +91 44 4741 4000 | Fax: +91 44 4741 4444 Website: www.datapatternsindia.com Email: [email protected] CIN: L72200TN1998PLC061236
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ICRA Limited
Date: November 14, 2025
Mr. Venkatachalam Venkata Subramanian
Chief Financial Officer Data Patterns (India) Limited Plot No.H9, Fourth Main Road, Sipcot IT, Siruseri, Tamil Nadu, India, 603103
Dear Sir,
Re: Final Monitoring Agency report of Data Patterns (India) Limited for Q2 FY2026
Please refer to agreement dated March 08, 2023, appointing ICRA Limited as the Monitoring Agency (MA) for Data Patterns (India) Limited’s QIP Issue.
After due consideration, ICRA has prepared the attached final Monitoring Agency report as per SEBI (Issue of Capital and Disclosure Requirements) Regulations for Q2 FY2026.
Please note that the Monitoring Agency report does not constitute a commentary on the quality of the objects of the issue, appropriateness or reasonableness of costs or spending by Data Patterns (India) Limited against any objects / heads or assurance on outcome of such spending.
We thank you for your kind cooperation extended during the course of Q2 FY2026. Should you require any clarification, please do not hesitate to get in touch with us.
We look forward to your communication and assure you of our best services.
With kind regards
For ICRA Limited
PARUL Digitally signed by PARUL GOYAL GOYAL NARANG Date: 2025.11.14 NARANG 17:05:28 +05'30'
Parul Goyal Narang Vice President & Head- Process Excellence [email protected]
Building No. 8, 2[nd] Floor, Tower A DLF Cyber City, Phase II – Gurugram 122002, Haryana
Tel.: +91.124 .4545300 CIN : L749999DL1991PLC042749
Website: www.icra.in Email: [email protected] Helpdesk: +91 9354738909
Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41
RATING ● RESEARCH ● INFORMATION
Sensitivity Label : Internal
September 2025
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MONITORING AGENCY REPORT
Name of the Issuer: Data Patterns (India) Limited
For quarter ended: September 30, 2025
Name of the Monitoring Agency: ICRA Limited
- (a) Deviation from the objects of the issue:
No deviation - the utilization of the issuance proceeds is in line with the objects of the issue.
(b) Range of deviation:
Not Applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that we do not perceive any conflict of interest in such relationship/ interest while monitoring and reporting the utilization of the issue proceeds by the issuer. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
PARUL Digitally signed by PARUL GOYAL GOYAL NARANG Date: 2025.11.14 NARANG 17:06:20 +05'30'
Parul Goyal Narang
Vice President & Head-Process Excellence
Analyst: Subhechha Banerjee QA: Parul Narang
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September 2025
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1. Issuer Details
Name of the Issuer: Data Patterns (India) Limited
Name(s) of the promoters:
Promoters Rangarajan S Rekha Murthy Rangarajan
Source: BSE
Industry/ sector to which it belongs
- Defence Product
2. Issue Details
Issue Period: Opening date- March 08, 2023 Closing date- March 14, 2023
Type of Issue: QIP Issue
Type of specified securities: Equity and Warrants fully convertible into Equity shares.
IPO Grading, if any: Not Applicable since it’s a Preferential Issue
Issue Size (Rs. Crore): INR 500.00 Crore
Net proceeds as per the QIP Placement Document: INR 487.734 Crore (Excluding Issue related expense)
With OFS portion: Not Applicable.
Excluding OFS portion: Not Applicable
Net proceeds as per the EOGM Notice: INR 487.734 Crore
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3. Details of the arrangement made to ensure the monitoring of issue proceeds
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Comments of
Source of information, certifications
Comments of the the Issuer’s
Particulars Reply considered by the Monitoring
Monitoring Agency Board of
Agency for the preparation of report
Directors
-Certification from Statutory Auditors
Whether all utilization is as per
-Confirmation from management No deviation
the disclosures in the Offer Yes -
-Bank statement of the proceeds observed
Document?
account
Whether shareholder approval
has been obtained in case of
Not As confirmed by the Issuer’s
material deviations [#] from No comments -
Applicable management
expenditures disclosed in the
Offer Document?
Whether the means of finance
for the disclosed objects of the No As confirmed by the Issuer’s No comments -
issue has changed? management
Is there any major deviation
observed over the earlier No No deviation observed. No comments -
monitoring agency reports?
Whether all Government/
statutory approvals related to Not As confirmed by the Issuer’s
No comments -
the object(s) have been Applicable management
obtained?
Whether all arrangements
pertaining to technical Not As confirmed by the Issuer’s
No comments -
assistance/ collaboration are in Applicable management
operation?
Are there any favorable events As understood from
improving the viability of these No As confirmed by the Issuer’s the Issuer’s -
object(s)? management management
Are there any unfavorable events As understood from
affecting the viability of the No As confirmed by the Issuer’s the Issuer’s -
object(s)? management management
Is there any other relevant
As understood from
information that may materially As confirmed by the Issuer’s
No the Issuer’s -
affect the decision making of the management
management
investors?
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Where material deviation is defined to mean:
(a) Deviation in the objects or purposes for which the funds had been raised.
(b) Deviation in the amount of funds utilized by more than 10% of the amount specified in the offer document.
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September 2025
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4. Details of the object(s) to be monitored.
(i) Cost of object(s)
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Source of Comments of the Issuer’s Board of
information, Directors
Original
certifications
cost (as per Comments of
S. considered by the Revised cost Particulars of
Item Head the offer the Monitoring Reason Proposed
N. Monitoring [Rs. Crore] firm
document) Agency for cost financing
Agency for the arrangements
[Rs. Crore] revision option
preparation of made
report
Funding working capital
QIP Placement
1 requirements of our 168.000 - No comments - - -
Document
Company
Investment in product QIP Placement
2 development by our Document 167.238 - No comments - - -
Company
Repayment/
prepayment, in full or QIP Placement
3 part, of certain Document 25.000 - - - -
No comments
borrowings availed by
our Company
Funding capital QIP Placement
4 expenditure towards Document 15.231 - No comments - - -
setting up an EMI-EMC
Testing Facility
Funding acquisition of QIP Placement
5 land (including Document 7.750 - No comments - - -
building)
General corporate QIP Placement No comments
6 104.515 - - - -
purposes Document
Total 487.734
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(ii) Progress in the object(s)
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Source of information, Comments of the
Amount as Amount utilized.
certifications Issuer’s Board of
S. proposed in [Rs. Crore] Total unutilized
considered by the Comments of the Monitoring Directors
N Item Head the offer amount
Monitoring Agency for As at the At the end Agency Reasons Proposed
. document During the [Rs. Crore]
the preparation of beginning of of the for idle course of
[Rs. Crore] quarter
report the quarter quarter funds action
-QIP Placement
Document
1 Funding working capital -Certificate from
requirements of our 168.000 168.000 - 168.000 Nil No comments - -
Statutory Auditors
Company
-Bank Statement of the
proceed account
The issuer has utilized the
proceeds of INR 11.300 Crore
Investment in product
as reimbursement for the
2 development by Same as above 167.238 107.890 11.300 119.190 48.048 - -
expenditure, which was
Company
funded earlier through
Internal Accruals
Repayment/
prepayment, in full or
3 part, of certain Same as above 25.000 25.000 - 25.000 Nil No comments - -
borrowings availed by
our Company
Funding capital
expenditure towards
4 Same as above 15.231 13.636 - 13.636 1.595 No comments - -
setting up an EMI-EMC
Testing Facility
Funding acquisition of
5 Same as above 7.750 7.750 - 7.750 Nil No comments - -
land (including building)
General Corporate No comments
6 Same as above 104.515 104.515 - 104.515 Nil - -
purpose
Total 487.734 426.791 11.300 438.091 49.643
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(iii) Deployment of unutilized proceeds
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Amount Return on Market Value as at
Type of instrument and name of the Earning
S.N. invested Maturity date Investment the end of quarter^
entity invested in [Rs. Crore]
[Rs. Crore] [%]# [Rs. Crore]
1 Fixed Deposit with HDFC Bank 28.450 March 20, 2026 1.030 7.40% 29.480
2 Term Deposit with Axis Bank 20.920 July 07, 2026 - 6.30% 20.920
Monitoring Agency Bank Account –
3 0.410 - - - 0.410
HDFC Bank^^
Total 49.780 - 1.030 - 50.810
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Source: As certified by Deloitte Haskins & Sells. Chartered Accountant (ICA) and verified internally
^^This includes interest received (net of TDS) on closure of Fixed deposits.
** Earnings as on March 31, 2025, arrived by the management considering the tenure and Return on Investment of the Fixed Deposits and the company have not performed any further procedures on the same.
ROI % is based on the assumption that the fixed deposits will be redeemed only at the end of maturity date. ^ Where market value is not practical to find, provided NAV/NRV/Book Value of the same.
*Includes INR 0.137 of interest reinvested
(iv) Delay in the implementation of the object(s)
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Completion date Comments of the Issuer’s Board of Directors
Delay
Object(s) As per the offer Actual^ [Number of days Reason for delay Proposed course of
document action
or months]
Funding working capital Fiscal 2024-
On Schedule NA
requirements of our Company 2025
Investment in product development Fiscal 2024-
Delay NA
by our Company 2025
Repayment/ prepayment, in full or
part, of certain borrowings availed Fiscal 2023 On Schedule NA
by our Company
Funding capital expenditure
towards setting up an EMI-EMC Fiscal 2024 Delay NA
Testing Facility
Funding acquisition of land
Fiscal 2024 On Schedule NA
(including building)
Fiscal 2024 -
General Corporate Purpose On Schedule NA
2025
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Source: As confirmed by the Issuer’s management and internally verified
*Out of the planned expenditure of INR 167.238 Crore towards Investment in product development of the Company in FY2025, the company has utilized INR 119.190 Crore till Q2FY2026 (Unutilised amount of INR 48.048 Crore).
**Out of the planned expenditure of INR 15.231 Crore towards Funding capital expenditure towards setting up an EMI-EMC Testing Facility in FY2024, the company has utilized INR 13.636 Crore till Q2FY2026 (Unutilised amount of INR 1.595 Crore).
The remaining amount has been parked in FDs and Monitoring account of the company.
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- Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document
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Source of information,
Comments of
certifications considered Comments of the
Amount the Issuer’s
S.N. Item Head by the Monitoring Monitoring
[Rs. Crore] Board of
Agency for the Agency
Directors
preparation of report
-Certificate from
Working capital
1 53.313 Statutory Auditors No Comments
Requirements
-Bank Statement
-Certificate from
2 Invested in Mutual Funds 35.801 Statutory Auditors No Comments
-Bank Statement
-Certificate from
3 Income Tax Payment 11.000 Statutory Auditors No Comments
-Bank Statement
-Certificate from
4 GST Payment 3.454 Statutory Auditors No Comments
-Bank Statement
-Certificate from
5 PF Payment 0.956 Statutory Auditors No Comments
-Bank Statement
Total 104.515 - -
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