Data Patterns (India) Limited submitted its Monitoring Agency Report for the quarter ended December 31, 2025, covering the utilization of proceeds from its Qualified Institutional Placement (QIP). ICRA Limited, the Monitoring Agency, confirmed that the utilization of funds remains in line with the objects of the issue, with no material deviation observed. Total proceeds amounting to ₹487.734 Crore have been tracked, with ₹445.891 Crore utilized by the end of the quarter, leaving an unutilized balance of ₹41.843 Crore.
Monitoring Agency Report Submission for Q3 FY2026
Data Patterns (India) Limited formally submitted the Final Monitoring Agency Report for the quarter ending December 31, 2025, to the stock exchanges on February 13, 2026. This report, prepared by ICRA Limited, verifies the deployment of funds raised through the Qualified Institutional Placement (QIP) Issue conducted between March 08, 2023, and March 14, 2023. The QIP raised net proceeds totaling INR 487.734 Crore.
Utilization Status and Deviation Analysis
The Monitoring Agency confirmed that the utilization of issuance proceeds aligns perfectly with the stated objectives, affirming that there was “No deviation observed” regarding the purpose of the funds raised.
Summary of Proceeds Utilization (in Rs. Crore)
As of December 31, 2025, the company has utilized ₹445.891 Crore out of the total proceeds. The remaining unutilized amount stands at ₹41.843 Crore, which is temporarily parked in fixed deposits and monitoring accounts.
Breakdown of Utilized Proceeds by Object
Key utilization figures for the period include:
- Investment in Product Development: Out of the planned ₹167.238 Crore, ₹126.990 Crore has been utilized. The monitoring agency noted that INR 5.955 Crore was utilized as reimbursement for expenditure previously funded via Internal Accruals.
- Working Capital Requirements: The full allocated amount of ₹168.000 Crore was utilized during the quarter, leaving Nil unutilized amount.
- General Corporate Purposes: The entire allocation of ₹104.515 Crore has been utilized, covering items like investments in Mutual Funds (₹35.801 Crore) and various tax/statutory payments.
Deployment of Unutilized Funds
The unutilized balance of ₹42.310 Crore (as per table (iii)) was primarily deployed in secure instruments by the end of the quarter. These placements included Fixed Deposits with HDFC Bank (₹20.650 Crore) and Term Deposits with Axis Bank (₹20.920 Crore), earning interest rates up to 7.40%.
Implementation Timeline Status
The report indicates the current status of the object implementation timelines:
- Objects like Working Capital and General Corporate Purpose are marked as “On Schedule”.
- The implementation for Investment in Product Development and Funding Capital Expenditure for the EMI-EMC Testing Facility were reported as “Delay” relative to their initial Fiscal 2024/2025 schedules.
Source: BSE
