Data Patterns (India) Limited has issued a corrigendum to revise the details of its major contract with the Indian Meteorological Department (IMD) for supplying Doppler Weather Radars. The company announced through a regulatory filing that the order value has been corrected to Rs.288 crore for supply of 32 units, revising the earlier communicated figures of Rs.279 crore for 34 units.

Corrigendum Details

The company issued the corrigendum under reference number SEC/SE/122/2025-26 to clarify the inadvertent error in the earlier communication dated March 15, 2026. The revision was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Specifications

The corrected contract involves the supply of 32 units of Doppler Weather Radars to the Indian Meteorological Department, a government entity responsible for weather forecasting and monitoring across India. The execution timeline remains as per the contract terms agreed between the parties.

Corporate Governance Compliance

The company has confirmed that this order does not involve any related party transactions and maintains arm's length dealing principles. The promoter group and group companies have no interest in the entity that awarded the contract, ensuring complete transparency in the business arrangement.

Strategic Impact

The revised Rs.288 crore contract continues to represent a substantial addition to Data Patterns' order book and reinforces the company's capabilities in the meteorological equipment sector. This order demonstrates the company's technical expertise in manufacturing sophisticated weather monitoring systems and strengthens its relationship with government institutions for critical infrastructure projects.

Data Patterns (India) Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, demonstrating continued compliance with its Qualified Institutional Placement (QIP) issue objectives. The report, prepared by ICRA Limited as the appointed monitoring agency, confirms no deviation from the stated objects of the issue.

QIP Issue Overview

The company's QIP issue was conducted from March 08, 2023, to March 14, 2023, with a total issue size of ₹500.00 crore. The net proceeds after excluding issue-related expenses amounted to ₹487.734 crore. The issue comprised equity and warrants fully convertible into equity shares, targeting the defence product sector.

Fund Utilization Progress

As of December 31, 2025, the company has utilized ₹445.891 crore out of the total net proceeds of ₹487.734 crore, leaving ₹41.843 crore unutilized. The monitoring agency report shows systematic deployment of funds across the designated objectives:

Deployment of Unutilized Proceeds

The company has prudently deployed the unutilized amount of ₹42.310 crore in interest-bearing instruments to optimize returns while maintaining liquidity:

The total earnings from these investments amount to ₹1.390 crore, bringing the market value to ₹43.700 crore.

General Corporate Purpose Utilization

The ₹104.515 crore allocated for general corporate purposes has been fully utilized across various operational requirements:

• Working capital requirements: ₹53.313 crore
• Mutual fund investments: ₹35.801 crore
• Income tax payments: ₹11.000 crore
• GST payments: ₹3.454 crore
• Provident fund payments: ₹0.956 crore

Implementation Timeline

The monitoring report indicates that most objectives are progressing as scheduled. However, two areas show delays: investment in product development and the EMI-EMC testing facility setup. The product development investment shows ₹40.248 crore remaining from the allocated ₹167.238 crore, while the EMI-EMC testing facility has ₹1.595 crore unutilized from its ₹15.231 crore allocation.

Regulatory Compliance

The submission fulfills the requirements under Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. ICRA Limited, appointed as the monitoring agency through an agreement dated March 08, 2023, has confirmed that the utilization remains aligned with the disclosed objectives without any material deviations.