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.

Data patterns (India) Limited's Board of Directors approved the company's unaudited financial results for the quarter ended December 31, 2025, at a meeting held on February 05, 2026. The strategic defense and aerospace electronics systems provider demonstrated robust performance across key metrics, with significant growth in revenue, profitability, and order book position.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 1.30 PM IST and concluded at 4.00 PM IST on February 05, 2026. The company submitted the results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deloitte Haskins & Sells, the statutory auditors, provided an unmodified review report on the financial results.

Q3 FY26 Financial Performance

The company delivered impressive quarterly results with substantial year-on-year growth across all major parameters:

Revenue from operations increased by 48% to Rs. 173.13 Cr compared to Rs. 117.04 Cr in the corresponding quarter of the previous year. The company maintained strong profitability with PAT growing 31% year-on-year to Rs. 58.30 Cr.

Nine-Month Performance Overview

Data Patterns demonstrated strong momentum over the nine-month period, with total revenue growing 73% year-on-year:

Revenue from operations for the nine months ended December 31, 2025 increased by 86% from Rs. 312.14 Cr to Rs. 579.92 Cr compared to the corresponding period in the previous year.

Exceptional Items and Labour Code Impact

The company reported exceptional items worth Rs. 3.01 Cr related to the statutory impact of new Labour Codes. The Government of India notified four Labour Codes in November 2025, consolidating 29 existing labour laws. The incremental impact primarily arises from changes in wage definition affecting gratuity provisions.

QIP Fund Utilization Status

The company provided an update on the utilization of proceeds from its Qualified Institutional Placement conducted in March 2023:

The company has utilized Rs. 445.89 Cr out of the total Rs. 487.74 Cr raised through QIP, with Rs. 41.85 Cr remaining unutilized primarily for product development and EMI-EMC testing facility setup.