Latent View Analytics Limited — Capital/Financing Update 2022

Feb 11, 2022

February 11, 2022

The BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. Scrip Code: 543398

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex Bandra East, Mumbai 400 051 Scrip Symbol: LATENTVIEW

Dear Sir/Madam,

Sub: Submission of Monitoring Agency Report for quarter ended December 31, 2021

Pursuant to Regulation 41(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018 and Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith Monitoring Agency Report dated February 10, 2022 in respect of utilization of proceeds of IPO for the quarter ended December 31, 2021, issued by M/s. ICICI Bank Limited, Monitoring Agency for the issue. This is for your information and records.

Yours Sincerely,

Thanking you,

For Latent View Analytics Limited

_____

P. Srinivasan Company Secretary and Compliance Officer Membership No.: F11519

Classification: Internal Contains PII: No

==> picture [227 x 47] intentionally omitted <==

Report of the Monitoring Agency

Name of the Issuer: Latent View Analytics Limited For quarter ended: Dec 31, 2021

Name of the Monitoring Agency: ICICI Bank Limited

• (a) Deviation from the objects: No deviation from the object

• (b) Range of Deviation: Not applicable

Declaration:

We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, We further declare that this report provides a true and fair view of the utilization of the issue proceeds.

We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/ directors/management and also 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.

Signature:

==> picture [156 x 53] intentionally omitted <==

Name of the Authorized Person/Signing Authority: Sagar Welekar Designation of Authorized person/Signing Authority: Manager Seal of the Monitoring Agency: Date: 10-02-2022

Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414 Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

==> picture [227 x 47] intentionally omitted <==

1) Issuer Details:

Name of the issuer: Latent View Analytics Limited

Names of the promoter: Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala, Industry/sector to which it belongs: Digital analytics firm

2) Issue Details:

Issue Period: Nov 10, 2021 to Nov 12, 2021

Type of issue (public/rights): Initial Public Offer Type of specified securities: Equity Shares Public Issue Grading, if any: NA Issue size (` in million): 6000.00

3) Details of the arrangement made to ensure the monitoring of issue proceeds:

(Give item by item description for all the objects stated in offer document separately in following format)

Particulars	Reply	Comments of the MonitoringAgency	Comments of the Board of Directors
Whether all utilization is as per the disclosures in the Offer Document?	Yes/No	Yes	No comments
Whether shareholder approval has been obtained in case of material deviations# from expenditures disclosed in the Offer Document?	Yes/No	NA	No comments
Whether the means of finance for the disclosed objects of the issue has changed?	Yes/No	No	No comments
Is there any major deviation observed over the earlier monitoring agencyreports?	Yes/No	NA	No comments
Whether all Government/statutory approvals related to the object(s)have been obtained?	Yes/No	NA	No comments
Whether all arrangements pertaining to technical assistance/collaboration are in operation?	Yes/No	NA	No comments
Are there any favorable events improving the viability of these object(s)?	Yes/No	NA	No comments
Are there any unfavorable events affecting the viability of the object(s)?	Yes/No	No	No comments
Is there any other relevant information that may materially affect the decision makingof the investors?	Yes/No	NA	No comments

NA – represents Not Applicable

*Where material deviation may be defined to mean:

a) Deviation in the objects or purposes for which the funds have been raised

b) Deviation in the amount of fund actually utilized by more than 10% of the amount projected in the offer documents.

Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414 Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

==> picture [227 x 47] intentionally omitted <==

	4) Details of object(s)s to be monitored: (i) Cost of object(s)- INR in Million	4) Details of object(s)s to be monitored: (i) Cost of object(s)- INR in Million	4) Details of object(s)s to be monitored: (i) Cost of object(s)- INR in Million	4) Details of object(s)s to be monitored: (i) Cost of object(s)- INR in Million	4) Details of object(s)s to be monitored: (i) Cost of object(s)- INR in Million
	Sr. No	Item Head	Original Cost (as per Offer Document)	Revised Cost*		Comments of Monitoring Agency		Comments of Board of Directors
								Reason of cost revision		Proposed financing option		Particulars of firm arrangements made
	1	Funding inorganic growth initiatives	1,479.00	1,479.00		No comments		N.A.		N.A.		N.A.
	2.	Funding working capital requirements of LatentView Analytics Corporation, our Material Subsidiary	824.00	824.00		No comments		N.A.		N.A.		N.A.
	3.	Investment in our Subsidiaries to augment their capital base for futuregrowth	1,300.00	1,300.00		No comments		N.A.		N.A.		N.A.
	4.	General corporate purposes	806.42	863.78		No comments		N.A.		N.A.		N.A.
		Total	4,409.42	4,466.78
	Sr. No	Item Head	Amount as proposed in Offer Document	Amount utilized					Total unutilized Amount*		Comments of Monitoring Agency		Comments Directors	of Board of
				As at Beginning of the quarter	During the quarter#		At the end of the quarter						Reason of idle funds	Proposed Course of Action
	1	Funding inorganic growth initiatives	1,479.00	-	-		-		1,479.00		No comments		No comments	No comments

Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414 Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

==> picture [227 x 47] intentionally omitted <==

	2	Funding working capital requirements of LatentView Analytics Corporation, our Material Subsidiary	824.00	-	-	-	824.00	No comments	No comments	No comments
	3.	Investment in our Subsidiaries to augment their capital base for futuregrowth	1,300.00	-	-	-	1,300.00	No comments	No comments	No comments
	4.	General corporate purposes	863.78	-	-	-	863.78	No comments	No comments	No comments
		Total	4,466.78				4,466.78

Tel.: (91-22) 2653 1414 Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

==> picture [227 x 47] intentionally omitted <==

(iv) Delay in implementation of the object(s)-	(iv) Delay in implementation of the object(s)-	(iv) Delay in implementation of the object(s)-
Object(s) Name	Completion Date		Delay (No. of days/months)	Comments of Board of Directors
	As per Offer Document	Actual		Reason of delay	Proposed Course of Action
Signature:

==> picture [156 x 53] intentionally omitted <==

Name of the Authorized Person/Signing Authority: Sagar Welekar Designation of Authorized person/Signing Authority: Manager Seal of the Monitoring Agency: Date: 10-02-2022

Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex

Tel.: (91-22) 2653 1414 Fax: (91-22) 2653 1122 Website www.icicibank.com

CIN.: L65190GJ1994PLC021012

Mumbai 400 051, India