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Data Patterns (India) Limited — Regulatory Filings 2026
May 15, 2026
59610_rns_2026-05-15_f7d6e530-f3a7-403d-a75a-a7dda24909c4.pdf
Regulatory Filings
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DATA PATTERNS
SEC/SE/017/2026-27
Chennai, May 15, 2026
| To National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra(E), Mumbai - 400051 NSE Symbol - DATAPATTNS | To BSE Limited 25^{th} Floor, P.J. Towers, Dalal Street, Mumbai - 400 001 Company Code: 543428 |
|---|---|
Sub: Submission of Monitoring Agency Report for the quarter ended March 31, 2026
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 March 31, 2026, issued by ICRA Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of Qualified Institutional Placement of the Company.
You are requested to take the above on record and oblige.
Thanking you
For Data Patterns (India) Limited
Digitally signed by
PRAKASH R PRAKASH
Prakash R
Company Secretary and Compliance Officer
Membership No. F13620
Encl: As above
DATA PATTERNS (INDIA) LIMITED
Plot H9, 4th Main Road, SIPCOT IT Park, Siruseri
Off Rajiv Gandhi Salai (OMR) Chennai - 603 103
+91 44 4741 4000 +91 44 4741 4444
www.datapatternsindia.com
CIN: L72200TN1998PLC061236
BENGALURU • CHENNAI • HYDERABAD • NEW DELHI • THIRUVANANTHAPURAM
ICRA
ICRA Limited
Date: May 14, 2026
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 Q4 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 Q4 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 Q4 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 Goyal
Narang
Digitally signed by
Parul Goyal
Narang
Date: 2026.05.14
17:46:37 +05'30'
Parul Goyal Narang
Vice President & Head- Process Excellence
[email protected]
Building No. 8, 2nd 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
ICRA
March 2026
MONITORING AGENCY REPORT
Name of the Issuer: Data Patterns (India) Limited
For quarter ended: March 31, 2026
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 Goyal Narang
Digitally signed by Parul Goyal Narang
Date: 2026.05.14 17:45:56 +05'30'
Parul Goyal Narang
Vice President & Head-Process Excellence
Analyst: Subhechha Banerjee
QA: Parul Narang
Sensitivity Label : Confidential
ICRA
March 2026
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
Sensitivity Label : Confidential
ICRA
March 2026
- Details of the arrangement made to ensure the monitoring of issue proceeds
| Particulars | Reply | Source of information, certifications considered by the Monitoring Agency for the preparation of report | Comments of the Monitoring Agency | Comments of the Issuer's Board of Directors |
|---|---|---|---|---|
| Whether all utilization is as per the disclosures in the Offer Document? | Yes | -Certification from Statutory Auditors | ||
| -Confirmation from management | ||||
| -Bank statement of the proceeds account | No deviation observed | - | ||
| Whether shareholder approval has been obtained in case of material deviations^{a} from expenditures disclosed in the Offer Document? | Not Applicable | As confirmed by the Issuer's management | No comments | - |
| Whether the means of finance for the disclosed objects of the issue has changed? | No | As confirmed by the Issuer's management | No comments | - |
| Is there any major deviation observed over the earlier monitoring agency reports? | No | No deviation observed. | No comments | - |
| Whether all Government/ statutory approvals related to the object(s) have been obtained? | Not Applicable | As confirmed by the Issuer's management | No comments | - |
| Whether all arrangements pertaining to technical assistance/ collaboration are in operation? | Not Applicable | As confirmed by the Issuer's management | No comments | - |
| Are there any favorable events improving the viability of these object(s)? | No | As confirmed by the Issuer's management | As understood from the Issuer's management | - |
| Are there any unfavorable events affecting the viability of the object(s)? | No | As confirmed by the Issuer's management | As understood from the Issuer's management | - |
| Is there any other relevant information that may materially affect the decision making of the investors? | No | As confirmed by the Issuer's management | As understood from the Issuer's management | - |
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.
Sensitivity Label : Confidential
ICRA
March 2026
4. Details of the object(s) to be monitored.
(i) Cost of object(s)
| S.N. | Item Head | Source of information, certifications considered by the Monitoring Agency for the preparation of report | Original cost (as per the offer document) [Rs. Crore] | Revised cost [Rs. Crore] | Comments of the Monitoring Agency | Comments of the Issuer's Board of Directors | ||
|---|---|---|---|---|---|---|---|---|
| Reason for cost revision | Proposed financing option | Particulars of firm arrangements made | ||||||
| 1 | Funding working capital requirements of our Company | QIP Placement Document | 168.000 | - | No comments | - | - | - |
| 2 | Investment in product development by our Company | QIP Placement Document | 167.238 | - | No comments | - | - | - |
| 3 | Repayment/ prepayment, in full or part, of certain borrowings availed by our Company | QIP Placement Document | 25.000 | - | No comments | - | - | - |
| 4 | Funding capital expenditure towards setting up an EMI-EMC Testing Facility | QIP Placement Document | 15.231 | - | No comments | - | - | - |
| 5 | Funding acquisition of land (including building) | QIP Placement Document | 7.750 | - | No comments | - | - | - |
| 6 | General corporate purposes | QIP Placement Document | 104.515 | - | No comments | - | - | - |
| Total | 487.734 |
Sensitivity Label : Confidential
ICRA
March 2026
(ii) Progress in the object(s)
| S. N. | Item Head* | Source of information, certifications considered by the Monitoring Agency for the preparation of report | Amount as proposed in the offer document [Rs. Crore] | Amount utilized. [Rs. Crore] | Total unutilized amount [Rs. Crore] | Comments of the Monitoring Agency | Comments of the Issuer's Board of Directors | |||
|---|---|---|---|---|---|---|---|---|---|---|
| As at the beginning of the quarter | During the quarter | At the end of the quarter | Reasons for idle funds | Proposed course of action | ||||||
| 1 | Funding working capital requirements of our Company | -QIP Placement Document | ||||||||
| -Certificate from Statutory Auditors | ||||||||||
| -Bank Statement of the proceed account | 168.000 | 168.000 | - | 168.000 | Nil | No comments | - | - | ||
| 2 | Investment in product development by Company | Same as above | 167.238 | 126.990 | 4.200 | 131.190 | 36.048 | No comments | - | - |
| 3 | Repayment/prepayment, in full or part, of certain borrowings availed by our Company | Same as above | 25.000 | 25.000 | - | 25.000 | Nil | No comments | - | - |
| 4 | Funding capital expenditure towards setting up an EMI-EMC Testing Facility | Same as above | 15.231 | 13.636 | - | 13.636 | 1.595 | No comments | - | - |
| 5 | Funding acquisition of land (including building) | Same as above | 7.750 | 7.750 | - | 7.750 | Nil | No comments | - | - |
| 6 | General Corporate purpose | Same as above | 104.515 | 104.515 | - | 104.515 | Nil | No comments | - | - |
| Total | 487.734 | 445.891 | 4.200 | 450.091 | 37.643 |
Sensitivity Label : Confidential
ICRA
March 2026
(iii) Deployment of unutilized proceeds
| S.N. | Type of instrument and name of the entity invested in | Amount invested [Rs. Crore] | Maturity date | Earning [Rs. Crore]** | Return on Investment [%]# | Market Value as at the end of quarter^ [Rs. Crore] |
|---|---|---|---|---|---|---|
| 1 | Fixed Deposit with HDFC Bank | 20.650 | March 20, 2027 | 0.040 | 6.75% | 20.690 |
| 2 | Term Deposit with Axis Bank* | 16.300 | July 07, 2026 | - | 6.30% | 16.300 |
| 3 | Monitoring Agency Bank Account – HDFC Bank^^ | 3.070 | - | - | - | 3.070 |
| Total | 40.020* | - | 0.040 | - | 40.060 |
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 2.377 of interest reinvested
(iv) Delay in the implementation of the object(s)
| Completion date | Comments of the Issuer’s Board of Directors | ||||
|---|---|---|---|---|---|
| Object(s) | As per the offer document | Actual^ | Delay [Number of days or months] | Reason for delay | Proposed course of action |
| Funding working capital requirements of our Company | Fiscal 2024-2025 | On Schedule | NA | ||
| Investment in product development by our Company | Fiscal 2024-2025 | Delay | NA* | ||
| Repayment/ prepayment, in full or part, of certain borrowings availed by our Company | Fiscal 2023 | On Schedule | NA | ||
| Funding capital expenditure towards setting up an EMI-EMC Testing Facility | Fiscal 2024 | Delay | NA** | ||
| Funding acquisition of land (including building) | Fiscal 2024 | On Schedule | NA | ||
| General Corporate Purpose | Fiscal 2024 - 2025 | On Schedule | NA |
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 131.190 Crore till Q4FY2026 (Unutilised amount of INR 36.048 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 Q4FY2026 (Unutilised amount of INR 1.595 Crore).
The remaining amount has been parked in FDs and Monitoring accounts of the company.
Sensitivity Label : Confidential
ICRA
March 2026
- Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document
| S.N. | Item Head | Amount [Rs. Crore] | Source of information, certifications considered by the Monitoring Agency for the preparation of report | Comments of the Monitoring Agency | Comments of the Issuer's Board of Directors |
|---|---|---|---|---|---|
| 1 | Working capital Requirements | 53.313 | -Certificate from Statutory Auditors | ||
| -Bank Statement | No Comments | ||||
| 2 | Invested in Mutual Funds | 35.801 | -Certificate from Statutory Auditors | ||
| -Bank Statement | No Comments | ||||
| 3 | Income Tax Payment | 11.000 | -Certificate from Statutory Auditors | ||
| -Bank Statement | No Comments | ||||
| 4 | GST Payment | 3.454 | -Certificate from Statutory Auditors | ||
| -Bank Statement | No Comments | ||||
| 5 | PF Payment | 0.956 | -Certificate from Statutory Auditors | ||
| -Bank Statement | No Comments | ||||
| Total | 104.515 | - | - |
Sensitivity Label : Confidential