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SEC/SE/034/2024-25
Chennai, July 12, 2024
To
BSE Limited
25th Floor, P.J. Towers,
Dalal Street,
Mumbai - 400 001
Company Code: 543428
Sub: Clarification on news item appearing in www.businesstoday.in dated July 11, 2024.
Ref: BSE letter no. L/SURV/ONL/RV/KA/ (2024-2025)/ 26 dated 11th Jul 2024
Dear Sir,
We refer to the news item circulating in the mainstream media “businesstoday” on July 11, 2024 captioned “Shares of Data
Patterns (India) Ltd ended 6% higher today after Defence Research & Development Organisation (DRDO) sanctioned a new
project to the defence firm under the Technology Development Fund scheme.”
We would like to inform that while Data Patterns (India) Limited has signed the contract with Defence Research and
Development Organisation (“DRDO”), with a contract value of Rs. 10 Crores, we are yet to receive the counter-signed contract
from DRDO. Out of the Rs.10 Crore, Rs.9 Crore will be funded by DRDO as grant-in-aid under Technology Development Fund
Scheme and remaining Rs.1 Crore needs to be borne by the Company.
We, therefore, to the best of the information available with the management, would like to submit that the information
about the aforementioned contract with DRDO is not considered material since the value of the Contract does not qualify as
material of event/information and hence, does not warrant a disclosure under Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.
Moreover, considering the sensitive nature of the contracts, disclosure of such information is restricted under the
Contract/NDA with the Government customer, unless it is brought to the public domain by the Government customer
themselves.
We would further like to reiterate that we remain committed to make adequate and timely disclosures to the Stock Exchanges
in compliance with the applicable regulations from time to time.
You are requested to take the above on record and oblige.
Thanking You.
For Data Patterns (India) Limited
Digitally
R
signed by
PRAKASH R PRAKASH
Prakash R
Company Secretary and Compliance Officer
Membership No. A34652
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