Business Update15 May 2026, 04:41 pm
Data Patterns: ICRA Monitoring Report for Q4 FY26
AI Summary
Data Patterns (India) Ltd's monitoring agency report by ICRA Limited for the quarter ended March 31, 2026, indicates that the utilization of Qualified Institutional Placement (QIP) proceeds is in line with the objects of the issue. ICRA was appointed as the Monitoring Agency on March 8, 2023, to oversee the QIP issue. The report confirms no deviation from the stated objectives. The report does not offer commentary on the quality, appropriateness, or reasonableness of costs or spending, nor does it assure outcomes.
Key Highlights
- ICRA's monitoring report confirms Data Patterns' QIP proceeds are used as intended.
- No deviations were found in the utilization of funds for the quarter ended March 31, 2026.
- ICRA was appointed to monitor the QIP issue on March 8, 2023.
- The QIP issue size was ₹500.00 Crore, with net proceeds of ₹487.734 Crore.
- The report does not provide assurance on the outcomes of the spending.
Price Impact
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