Data Patterns (India) Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that the utilization of proceeds from the company’s Qualified Institutional Placement (QIP) is proceeding in accordance with the stated objects of the issue, with no reported deviations. The company has successfully utilized a significant portion of the total INR 487.734 crore net proceeds towards its growth and operational objectives.
Issue Utilization Overview
As of March 31, 2026, Data Patterns (India) Limited has effectively deployed INR 450.091 crore of the total net proceeds raised through its QIP. The funds are being utilized to support the company’s core operational needs, including working capital requirements, product development, and capital expenditure. The monitoring agency, ICRA Limited, has confirmed that the utilization remains fully compliant with the original issue document.
Breakdown of Financial Deployment
The company has achieved significant progress across several key objectives: INR 168 crore has been fully utilized for working capital, while INR 131.190 crore has been invested in product development. Additionally, the company has completed the full allocation of funds for debt repayment (INR 25 crore), land acquisition (INR 7.750 crore), and general corporate purposes (INR 104.515 crore).
Unutilized Funds and Status
A residual balance of INR 37.643 crore remains unutilized as of the end of the quarter. These funds are prudently deployed in interest-bearing instruments, including fixed deposits with HDFC Bank and Axis Bank, and a dedicated monitoring agency account. The company continues to advance its EMI-EMC Testing Facility project, having utilized INR 13.636 crore of the allocated INR 15.231 crore to date.
Source: BSE
