Data Patterns (India) Limited’s monitoring agency report for the quarter ended September 30, 2025, indicates that the utilization of issuance proceeds aligns with the objects of the issue. ICRA Limited, the monitoring agency, confirms no deviations. As of the quarter’s end, ₹438.091 Crore has been utilized out of the total proceeds of ₹487.734 Crore.
Issue Proceeds Utilization
According to the monitoring agency report by ICRA Limited, Data Patterns (India) Limited has utilized the funds raised through its Qualified Institutional Placement (QIP) in accordance with the stated objectives. The report covers the period ending September 30, 2025. No deviations were observed in the use of proceeds.
Key Financial Data
The total proceeds from the QIP placement, excluding issue-related expenses, amounted to ₹487.734 Crore. As of September 30, 2025, the company has utilized ₹438.091 Crore, leaving an unutilized amount of ₹49.643 Crore. This unutilized amount is currently deployed in fixed deposits and a monitoring account.
Allocation and Progress of Funds
The utilized funds were allocated to various purposes, including working capital requirements, product development, and repayment of borrowings. Significant progress has been made in these areas, with specific amounts allocated and utilized as follows:
- Working Capital: ₹168.000 Crore remains unutilized.
- Product Development: ₹119.190 Crore utilized till Q2 FY2026.
- EMI-EMC Testing Facility: ₹13.636 Crore utilized till Q2 FY2026.
Deployment of Unutilized Funds
The unutilized funds are temporarily deployed in fixed deposits with HDFC Bank and Axis Bank, as well as in a monitoring agency bank account. These investments have a total market value of ₹50.810 Crore. The investments in fixed deposits are earning interest at rates of 7.40% and 6.30% respectively.
Source: BSE