Data Patterns reports no deviation in QIP fund utilization for Q2 FY2026, as per Monitoring Agency
Data Patterns submitted its Q2 FY2026 Monitoring Agency Report, confirming no deviation in QIP fund utilization. Most proceeds are utilized, with some delays in product development and capex, and unutilized funds in FDs.
The announcement confirms the proper utilization of substantial QIP funds, which is important for investor confidence and regulatory compliance. While not a new financial event, it validates past financial actions, contributing to stability.
The report explicitly states 'No deviation - the utilization of the issuance proceeds is in line with the objects of the issue,' which is a positive confirmation of compliance and proper fund management.
* Data Patterns (India) Limited submitted the Monitoring Agency Report for the quarter ended September 30, 2025, to the National Stock Exchange of India Limited and BSE Limited. * The report, issued by ICRA Limited, monitors the utilization of proceeds from the Company's Qualified Institutional Placement (QIP). * The QIP issue size was ₹500.00 crore, with net proceeds of ₹487.734 crore (excluding issue-related expenses). * The Monitoring Agency confirmed that there was no deviation from the objects of the issue, and the utilization of proceeds is in line with the disclosed objectives. * As of September 30, 2025, the total amount utilized from the QIP proceeds was ₹438.091 crore, leaving an unutilized amount of ₹49.643 crore. * Key utilization details: * ₹168.000 crore for funding working capital requirements (fully utilized). * ₹119.190 crore utilized for investment in product development out of ₹167.238 crore, with ₹48.048 crore unutilized and noted as delayed. * ₹25.000 crore for repayment/prepayment of certain borrowings (fully utilized). * ₹13.636 crore utilized for funding capital expenditure towards setting up an EMI-EMC Testing Facility out of ₹15.231 crore, with ₹1.595 crore unutilized and noted as delayed. * ₹7.750 crore for funding acquisition of land (fully utilized). * ₹104.515 crore for general corporate purposes, which included working capital requirements (₹53.313 crore), investments in mutual funds (₹35.801 crore), income tax payment (₹11.000 crore), GST payment (₹3.454 crore), and PF payment (₹0.956 crore). * The unutilized proceeds of ₹49.780 crore are currently deployed in fixed deposits with HDFC Bank and Axis Bank, and a monitoring agency bank account.
What to do with a filing like this
Data Patterns (India) Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Data Patterns (India) Limited. Read the original for the full detail.