Dynamatic Technologies Ltd. — Annual Report 2023

May 29, 2023

DYNAMATIC TECHNOLOGIES LIMITED

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29th May 2023

1. The Secretary Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street, MUMBAI 400 001.

2. The Secretary National Stock Exchange of India Limited "Exchange Plaza" Bandra-Kurla Complex Sandra East, MUMBAI 400 051.

Sub: Board Meeting Outcome Ref: Scrip code: NSE: DYNAMATECH; BSE: 505242

Dear Sir,

Further to our letter dated 23rd May 2023, we write to inform you that the significant matters arising out of the Board Meeting held today i.e., 29th May 2023, at JKM Plaza, Dynamatic Aerotropolis, 55, KIADB Aerospace Park, Devanahalli, Bangalore, are appended as under:

1. The Board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March 2023. Copy of the audited financial results has been enclosed.

2. We hereby declare that the Independent Auditors' report on the Annual accounts of the Company for the year ended 31st March 2023, issued by M/s Deloitte Haskins & Sells, LLP, Statutory Auditors, contains an unmodified opinion.

3. Re-appointment of Mr. Udayant Malhoutra (DIN: 00053714) as CEO and Managing Director of the Company for a period of 3 years with effect from 1st October 2023 till 30th September 2026, subject to approval of the Members of the Company

4. Re-appointment of Mr. PS Ramesh (DIN: 05205364) as Executive Director & Group Technical Services and Human Resource of the Company for a period of 1 year with effect from 14111 November 2023 till 13th November 2024, subject to approval of the Members of the Company

5. Re-appointment of Mr. Arvind Mishra (DIN: 07892275) as Executive Director and Global COO - Hydraulics & Head of Homeland Security of the Company for a period of 1 year with effect from 9th August 2023 till 8th August 2024, subject to approval of the Members of the Company Registered Office

Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Dcvanahalli Bangalore 562 110 India T�+918021111223 +918022 040535

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w,vw.dynamatics com

Corporate Identity Numbe r: L72200KA 1973PLC002308

DVNAMATIC TECHNOLOGIES LIMITED

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The Board at the aforesaid meeting also: -

• a) recommended Final Dividend of Rs. 7/- per equity share of Rs. 10/- each for the financial year ended 31st March 2023, subject to declaration of the same by members at the ensuing Annual General Meeting (AGM) of the Company; such Dividend, if declared, will be paid within 30 days from the from the date of declaration to those members entitled thereto.

Together with the interim dividend of Rs. 3/- per share declared by the Board on 10th August 2022, the total dividend for the financial year ended 31st March 2023 would be Rs.10/- per equity share.

• b) fixed 9th June 2023, as the Record date for the purpose of determining entitlement of the members for payment of dividend referred to in (a) above.

The date of the 48 th AGM of the Company will be advised in due course.

The meeting of the Board of Directors held today commenced at 3:00 pm 1ST and concluded at 7:30 pm 1ST.

The aforesaid information is also available on the website of the company at www.dynamatics.com

We kindly request you to take this letter along with the enclosures on record.

Thank you. Yours faithfully, for DYNAMATIC TECH �(J""-:,- Shivaram Q,.�_ Head - Legal, Complia ny Secretary

Enclosure: as above

Regis tercd Off ice Dynamatic Technologies Limited JKM Plaza Dynnmatic J\erotropolis 55 KIADB Aerospace Park Devanahalli Ban,ialorc 562 110 India Tel +91802111 1223 +918022 04 0535

wvvw.dynamatics.com

Corporate Identity Number: L722 00KA1973PLC002308

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Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru – 560 001 Karnataka, India

Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED

Opinion and Conclusion

We have (a) audited the Consolidated Financial Results for the year ended March 31, 2023 and (b) reviewed the Consolidated Financial Results for the quarter ended March 31, 2023 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Audited Standalone Financial Results for the year ended March 31, 2023 and Unaudited Standalone Financial Results for the Quarter ended March 31, 2023”, (the “Statement”) of DYNAMATIC TECHNOLOGIES LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”).

(a) Opinion on Annual Consolidated Financial Results

In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of the other auditors on separate financial statements of subsidiaries referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 31, 2023:

• (i) includes the results of the following entities:

• Dynamatic Technologies Limited, India 2. JKM Global Pte Limited, Singapore

• Dynamatic Limited, UK

• Yew Tree Investment Limited, UK

• Dynamatic US LLC, USA

• JKM Erla Automotive Limited, India

• JKM Automotive Limited, India

• JKM Erla Holdings GmbH, Germany

• Eisenwerk Erla GmbH, Germany

• JKM Ferrotech Limited, India

• JKM Research Farm Limited, India

• (ii) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and

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• (iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the year ended March 31, 2023.

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(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 31, 2023

With respect to the Consolidated Financial Results for the quarter ended March 31, 2023, based on our review conducted and procedures performed as stated in paragraph (b) of Auditor’s Responsibilities section below and based on the consideration of the audit reports of the other auditors referred to in Other Matters section below, nothing has come to our attention that causes us to believe that the Consolidated Financial Results for the quarter ended March 31, 2023, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Consolidated Financial Results for the year ended March 31, 2023

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those Standards are further described in paragraph (a) of Auditor’s Responsibilities section below. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“the ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended March 31, 2023 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion.

Management’s Responsibilities for the Statement

This Statement, which includes the Consolidated Financial Results is the responsibility of the Parent’s Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended March 31, 2023, has been compiled from the related audited consolidated financial statements. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the quarter and year ended March 31, 2023 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.

The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Parent, as aforesaid.

In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.

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The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.

Auditor’s Responsibilities

(a) Audit of the Consolidated Financial Results for the year ended March 31, 2023

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended March 31, 2023 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Annual Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.

• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

• Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations to the extent applicable.

• Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Information of the entities within the Group to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Annual Consolidated Financial Results, which have been audited

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by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Consolidated Financial Results.

We communicate with those charged with governance of the Parent and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

(b) Review of the Consolidated Financial Results for the quarter ended March 31, 2023

We conducted our review of the Consolidated Financial Results for the quarter ended March 31, 2023 in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company’s personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

The Statement includes the results of the entities as listed under paragraph (a)(i) of Opinion and Conclusion section above.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

Other Matters

• The Statement includes the results for the Quarter ended March 31, 2023 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report is not modified in respect of this matter.

• We did not audit the financial information of seven subsidiaries included in the consolidated financial results, whose financial information reflect total assets of Rs. 91,461 lakhs as at March 31, 2023 and total revenues of Rs. 22,627 lakhs and Rs. 76,059 lakhs for the quarter and year ended March 31, 2023 respectively, total net profit after tax of Rs. 1,651 lakhs and Rs. 2,660 lakhs for the quarter and year ended March 31, 2023 respectively and total comprehensive income of Rs. 1,651 lakhs and total comprehensive loss of Rs. 2,660 lakhs for the quarter and year ended March 31, 2023 respectively and net cashflows of Rs. 3,578 lakhs for the year ended March 31, 2023, as considered in the Statement. These financial information have been audited, by other auditors whose reports have been furnished to us by the Management and our opinion and

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conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated under Auditor’s Responsibilities section above.

Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.

• The consolidated financial results includes the unaudited financial information of one subsidiary, whose financial information reflect total assets of Rs. 5,592 lakhs as at March 31, 2023 and total revenues of Rs. 38 lakhs and Rs. 143 lakhs for the quarter and year ended March 31, 2023 respectively, total net loss after tax of Rs. 14 lakhs and total net profit after tax of Rs. 39 lakhs for the quarter and year ended March 31, 2023 respectively and total comprehensive loss of Rs. 14 lakhs and total comprehensive income of Rs. 39 lakhs for the quarter and year ended March 31, 2023 respectively and net cashflows of Rs. 28 lakhs for the year ended March 31, 2023, as considered in the Statement. These financial information are unaudited and have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on such unaudited financial information. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial information are not material to the Group.

Our report on the Statement is not modified in respect of the above matter with respect to our reliance on the financial information certified by the Board of the Directors.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm’s Registration No. 117366W/W-100018)

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Sathya P. Koushik

Partner (Membership No.206920) UDIN: 23206920BGYMEX8412

Bangalore, May 29, 2023

DYNA MA TIC TECHNOLOGIES LIMITED

CIN: L72200KAl973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA

Statement of Audited Consolidated Financial Results for the year ended 31 March 2023 and Unaudited Consolidated Financial Results for the Quarter ended 31 March 2023

Annexure I: Statement of Consolidated segment wise revenue, results, assets and liabilities for the quarter and year ended 31 March 2023

					(INR ill /akhs e\·cept as nthenvise slated) ' .	(INR ill /akhs e\·cept as nthenvise slated) ' .	(INR ill /akhs e\·cept as nthenvise slated) ' .
SI. No. Particulars		J months ended 31 March 2023 (Unuudltcd) (Refr Nole 11) 11,868 11,936 12,984	Pn:ccdlng 3 months ended J 1 December 2022 (Un1uidilcd) 11,139 11,208 8,964 10	Corrcs1>011ding 3 months ended in 1>rc,,ious period JI March 2022 (Unaudited) (Refer Nole 11) 11,401 9,937 10,530 223		Year to dntc fgure for the current year endtd JIMarch2023 (Audited)	Previous year ended 31March2022 (Audited)
I 2 3 4 Segment revenue a) Hydraulics b) Aerospace c) Metallurgy d) Others Revenue from operations (continuing operations) e) From discontinued operations - (Refr note 4) Total revenue from operations (continuing and discontinued operations) Segment results !profit/ (loss) before finance costs, other income and tax from each segment I a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Total (continuing operations) fFrom discontinued operations - (Refer note 4) Total (continuing and discontinued operations) Unallocable � Finance costs - Other income Profit/ (loss) before tax (continuing and discontinued operations) Segment assets a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Segment assets related to continuing operations t) Other assets classifed as held for sale (Refer Nole 5) Total assets (continuing and discontinued operations) Segment liabilities a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Segment liabilities related to continuing operations fLiabilities directly associated wi1h Assets classified as held fr sale (Refer Nole 5) Total liabilities (continuing and discontinued operations)						46,166 43,737 41,661 13	42,366 36,014 46,501 456
		36,788 -	31,321 -	32,091 -		1,31,577 -	1,25,337 2,01 I
		36,788 1,845 2,199 711 (764) (699)	31,321 1,839 2,088 (469) (312) (631)	32,091 1,965 1,528 69 (96) (595)		1,31,577 7,502 7,905 (42) (1,336) (2,945)	1,27,348 6,057 5,645 407 (997) (1,871)
		3,292 -	2,515 -	2,871 -		11,084 -	9,241 (1,659)
		3,292 (1,512) 716	2,515 (1,896) 97	2,871 (1,691) 496		11,084 (6,538) 976	7,582 (5,90 I) 822
		2,496 41,510 66,775 29,959 5,520 17,554	716 39,172 65,695 29,793 4,941 5,685	1,676 36,344 59,643 27,294 3,752 6,059		5,522 41,510 66,775 29,959 5,520 17,554	2,503 36,344 59,643 27,294 3,752 6,059
		1,61,318 5,562	1,45,286 5,562	1,33,092 5,562		1,61,318 5,562	1,33,092 5,562
		I 66 880	I 50 848	I 38 654		I 66 880	I 38 654
		22,553 11,844 11,857 2,588 63,841	21,356 14,368 9,872 2,036 62,537	19,698 13,403 10,555 859 55,998		22,553 11,844 11,857 2,588 63,841	19,698 13,403 10,555 859 55,998
		1,12,683	1,10,169	1,00,513 -		1,12,683 -	1,00,513
		1,12,683	l,I0,169	1,00,513		1,12,683	1,00,513

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KAl973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE· 562110, !NOIA

Statement of Audited Consolidated Financial Results for the year ended 31 March 2023 and Unaudited Consolidated Financial Results for the Quarter ended 31 March 2023

Consolidated balance sheet Particulars ASSETS Non-current assets a) Property plant and equipment b) Other Intangible assets c) Goodwill d) Capital work in progress e) Right-of-use assets f) Financial assets (i) Investments (ii) Other fnancial assets g) Income tax asset (net) h) Other non-current assets Total non - current assets Current assets a) Inventories b) Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than cash and cash equivalents above (iv) Loans (v) Other financial assets c) Other current assets Total current assets Assets classified as held for sale Total Assets EQUITY AND LIABILITIES Equity a) Equity share capital b) Other equity Total equity Liabilities Non-current liabilities a) Financial liabilities (i) Borrowings (ii) Lease Liabilities (iii) Other financial liabilities b) Provisions c) Defrred tax liabilities (net) d) Other non-current liabilities Total non-current liabilities Current liabilities a) Financial liabilities (i) Borowings (ii) Trade Payables (a) total outstanding dues of micro enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other fnancial liabilities (iv) Lease liabilities b) Provisions c) Current tax liabilities (net) d) Other current liabilities Total current liabilities Liabilities directly associated with assets classifed as held for sale Total liabilities Total equity and liabilities See accompanying notes to these financial results.

(NR i11 laklt1·, e�cept r,s otlterwise stated) As at As at 31March2023 31 March 2022 (Audited) (Audited) 44,338 44,399 2,449 2,488 10,473 10,099 7,852 1,454 10,910 11,535 33 33 735 1,109 593 730 648 907 78,031 72,754 29,988 25,538 25,766 21,061 13,783 1,722 2,303 2,248 86 167 1,554 778 9,807 8,824 83,287 60,338 5,562 5,562 1,66,880 1,38,654 679 634 53,518 37,507 54,197 38,141 22,529 29,850 10,584 10,467 500 175 3,193 2,921 229 653 313 97 37,348 44,163 39,311 24,497 2,313 1,082 20,630 20,787 6,530 4,584 2,930 3,856 921 1,104 802 79 1,898 361 75,335 56,350 - - 1,12,683 1,00,513 1,66,880 1,38,654 � � � I� ;J q .< 9 �,,�

DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIAOB AEROSPACE PARK, DEV ANA HALLI, BANGALORE. 562110, !NOIA

Statement of Audited Consolidated Financial Results for the year ended 31 March 2023 and Unaudited Consolidated Financial Results for the Quarter ended 31 March 2023

	(INR ;,, /akht, except as othenvise stated)	(INR ;,, /akht, except as othenvise stated)	(INR ;,, /akht, except as othenvise stated)	(INR ;,, /akht, except as othenvise stated)	(INR ;,, /akht, except as othenvise stated)
SI. No. I 2 3 4 5 6 7 8 9 10 11 12 13 Particulars Continuing 01>eralions Income a) Revenue from operations b) Other income Total Income (a+b) Expenses a) Cost of malcrials and components consumed b) Change in inventory of finished goods and work-in-progress c) Employee benefts expense d) Finance costs c) Depreciation and amortisation expense f Other expenses Total expenses (a+b+c+d+e+I) Profit fom continuing operations before tax (1 - 2) Tax expense/ (credit) a) Current tax b) Defrred tax Total tax expense (a+b) Profit after tax from continuing operations (3 - 4) Discontinued operations (Refer Note 4) Loss rom discontinued operations Loss after tax from discontinued 01>erations Proft/(loss) for the period (5+7) Other comprehensive income/(loss) (OCI) i) Items that will not be reclassified subsequently to statement of profit and loss a) Remeasurement gain/(loss) on defined beneft plans b) Income tax relating to items that will not be reclassifed to statement of profit and loss ii) Items that will be reclassified subsequently to Statement of profit and loss a) Foreign cu1Tency fuctuations under a cash flow hedge - gain/(loss) b) Exchange diferences in translating financial statements of foreign operations Other comprehensive income/ (loss) fr the period, net of lax Total comprehensive income/ (loss) for the period (8+10) Paid-up equity share capital (face value of INR I 0/- each) Reserves (Other equity) Earings per equity share Earings per share (for continuing operations) Basic and diluted (INR) Loss per e<1uity share (for discontiuued operations) Basic and diluted (INR) Earnings/ (loss) per equity share (fr continuing and discontinued operations) Basic and diluted (lNR)	3 months ended 31 March 2023 (Unaudited) (Refr Nole 11) 36,788 716	Preceding 3 months ended 31 December 2022 (Unaudiled) 31,321 97	Corrcspondln� 3 months ended in 1•re,,1011s period 31 M•rch 2022 (Unaudited) (Hcfcr Nole 11) 32,091 496	Y<nr to date fgur< for the current ye1tr ended 31 March 2023 (Audited) 1,31,577 976	Previous year ended 31 March 2022 (Audited) 1,25,337 822
	37,504 17,949 (219) 6,187 1,512 1,654 7,925	31,418 15,705 (734) 6,355 1,896 1,680 5,800	32,587 15,818 (931) 6,689 1,691 1,952 5,692	1,32,553 65,957 (2,855) 25,342 6,538 7,042 25,007	1,26,159 61,491 13 25,604 5,901 7,682 21,306
	35,008	30,702	30,91I	1,27,031	1,21,997
	**2 496 **	716	I 676	5 522	4 162
	563 177	458 (444)	305 (131)	1,667 (424)	1,201 (245)
	740 1,756 .	14 702 .	174 1,502	1,243 4,279 .	956 3,206 (,659)
	. . . 1,756 702 1,502 (166) 129 (200) 42 (32) 50 36 (35) (41) 559 2,512 ( I 93)			~~.~~ 4,279 () 5) 4 (324) 1,01 I	(1,659) 1,547 (231) 58 (28) (81)
	471 2,574 (384)			676	(282)
	2 227 3 276 679 634 . .		I 118 634 .	4 955 679 53,518	I 265 634 37,507
	(not annualised) (not annualised)		(not annualised)	(annualised)	(annualised)
	27.53 11.07 . . 27.53 I 1.07		23.69 . 23.69	67.32 . 67.32	50.57 (26.17) 24.40

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DYNAMA TIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE- 562110, INDIA

Statement of Audited Consolidated Financial Results for the year ended 31 March 2023 and Unaudited Consolidated Financial Results for the Quarter ended 31 March 2023

Consolidated Statement of cash flow for the year ended

	Ii11lakli·	Ii11lakli·	Ii11lakli·
Particulars	31 March 2023 (Audited		31 March 2022 (Audited'
Cash fow from operating activities Profit/(loss) befre tax Continuing operations Discontinued operations	5,522 -		4,162 (1,659)
	5,522 3,404 3,638 5,556 862 868 (231) 204 (30) 36		2.503 3,546 4,136 4,852 901 684 (258) 295 (20) 68
Adjustments: Depreciation and amortisation on Prope11y, plant and equipment Amortisation of Right to use Assets Finance costs Interest on Lease liabilities Unrealised freign exchange diferences Interest income Loss allowance on financial assets (net) Gain on sale of property, plant and equipment (net) Unwinding of discountondismantlingliability
Operating cash fow befre working capital changes	19,829		16,707
Changes in operating assets and liabilities Changes in inventories Changes in trade receivables Changes in loans	(3,858) (4,735) 143 (1,525) (1,399) (73)
Changes in other fnancial assets Changes in other assets Changes in trade payables Changes in other financial liabilities	(402) (940) 519 1,509 (86) (2,721) 1,374 (218)
Changes in provisions Changes in other current liabilities		89 1,753 315 (255)
Cash generated from operations Income taxes paid, net of refnd		13,907 (807) 12,119 (1,386)
N ct cashgenerated from operating activities(A)		13,100 10,733
Cash fows from investing activities Purchase of property, plant and equipment and intangibles Proceeds fom sale of properly, plant and equipment pertaining to discontinued operations Bank deposits (having original maturity of more than three months) (net) Tnterest received from bank deposits		(8,492) - (55) 251 (5,805) 6,495 10 238
Net cash from/ (used in) investine activities (B)		(8,296' 938
Cash fows from fnancing activities Proceeds fom issue of equity shares Proceed from long term borrowings		11,291 4,770 - -
Repayment of long term borrowings Proceeds from short tenn borrowings (net)	(7,382) 8,854 (5,207) 1,458
Payment of LeaseIiabilities Interest paid Dividend paid	(4,662) (5,451) (190)		(5,161) (4,791) -
Net cash used in linancine activities (C)	7,230 (13,701)
Net decrease incashandcash equivalents(A+ B + C)	12,034 (2,030)
Cashand cashequivalentsat thebeginningof theyear	1,722 3,801
Effectof exchangerate changes oncashand cashequivalent	27 (49'
Cash and cash equivalents at the end of the year	13,783 I 722

See accompanying notes to these financial results. Cash flows from operating activities is arrived using indirect method. The above represents cash flows from total operations.

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DYNAMATIC TECHNOLOGIES LlMJTED

CIN: L72200KAl973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE- 562110, INDIA

Statement of Audited Consolidated Financial Results for the year ended 31 March 2023 and Unaudited Consolidated Financial Results for the Quarter ended 31 March 2023

Notes:

The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors al its meeting held on 29 May 2022. The results for the year ended 31 March 2023 has been audited and the quarter ended 3 l March 2023 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company have expressed an unmodified opinion on the financial results for the year ended 31 March 2023 and have issued an unmodified conclusion in respect of the limited review for the quarter ended 31 March 2023.

2 Information on standalone financial results

Information on standalone financial results	Information on standalone financial results	Information on standalone financial results	Information on standalone financial results	Information on standalone financial results	Information on standalone financial results
(INR in /akhs, exceot asotherwise stated)
Particulars	3 months ended 31 Mnrch 2023 (Urrnudited) (Refer Note 11)	Preceding 3 months ended 31 December 2022 (Unaudited)	Corresponding 3 months ended in previous period 31 March 2022 (Unaudited) (Refer Note 11)	Year to date ngurc for the current year ended 3 I March 2023 (Audited)	Previous year ended 31 March 2022 (Audited)
a. Revenue	15,005	14,160	14,045	58,112	54,897
b. Proft before tax	1,915	859	1,489	4,382	5,296
c. Proft after tax	1,037	673	1,077	2,915	3,965

3 The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and post-employment benefits that received Presidential assent have not been notified. Fmther, the related mies for quantifying the financial impact have not been notified. The Group will assess the impact of the Codes when the rules are notified and will record any related impact in the period the Codes become effective.

4 The Board of Directors of Dynamatic Manufacturing Limited (formerly known as JKM Ferrotech Limited) ('DML'), a wholly owned subsidiary of the Company, vide its meeting dated I February 2021 had approved the term sheet and plan for sale of its foundry business, situated at SIPCOT Industrial Complex, Gumidipoondi, Thiruvallur, Tamil Nadu to Danblock Brakes India Private Limited (DBlPL). Subsequently DML and DBIPL executed an Asset Purchase Agreement on 7 April 2021, which were subject to ce1tain customary closing conditions. All closing conditions were met and the Company received a net consideration of IN R 7,041 lakhs on 22 July 2021.

The results of the aforesaid discontinued operations (of the foundry business of DML, which represents the Indian operations of the "Automotive and Metallurgy" segment) are as under:

and Metallurgy" segment) are as under:	and Metallurgy" segment) are as under:	and Metallurgy" segment) are as under:
			(N in /akhs, exceot(Sotherwise st"ted)
Particulars	3 months ended 31 March 2023 (Unaudited) (Refer Note 11)	Preceding 3 months ended 31 December 202 (Unaudited)	2	Corresponding 3 months ended in previous period 31 M11rch 2022 (Unaudited) (Refer Note 11)	Yc11r to date ligurc for the current year ended 31 March 2023 (Audited)	Previous year ended 31 March 2022 (Audited)
Revenue	-	~~-~~		-	-	2,01 I
Expenses	-	-		-	-	3,670
Loss befre tax	-	-		-	-	(1,659)

5 The management is actively pursuing its plan to dispose the Windfarm land admeasuring 364 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore to the Government of Tamil Nadu, for setting up the proposed Southern Defence Industrial Corridor. During the year, the Company had received Notification bearing No. 18189/2021, issued by the District Collector Office, Coimbatore, for acquiring the Company's Wind Farm lands adrneasuring 364 acres, and the private negotiations in respect to the same has been concluded. The company is awaiting fonnal communication in this regard for the closure of the transaction.

6 Pursuant to an internal restructuring approved by the Board of directors, the Company had entered into an agreement with Eisenwerk Erla GmBH ("EEG") (a step down wholly owned subsidiary of the Company) to purchase equity interest of 24.62% held by EEG in Dynamatic Manufacturing Limited (DML), another subsidiary of the Company. As on 31 March 2023, the shareholdings of 24.62% have been transferred from EEG to the Company after following requisite procedures. After the restructuring, the company holds I 00% shareholdings of DML (57.65% shareholding directly and the balance 42.35% through its Wholly Owned Subsidiary JKM Erla Automotive Limited).

• 7 On IO August 2022, the Board of Directors of the Company had declared an interim dividend of Rs.3 per equity share (30%) for the financial year 2022-23 and paid to the shareholders during the quarter ended 30 September 2022.

Meeting. - The Board of Directors of the Company vides meeting dated 29 May 2023, have subject to approval of shareholders declared final dividend of Rs. 7 per equity share (70%) for the financial year 2022-23 and the same will be disbursed to shareholders after ensuing Annual General

--- ,, -J o,o � � ":" .... � � c;. ?'.'. i::J <? s � :&>,. <'-� -iNGALO�V

DYNAMATIC TECHNOLOGIES LIMJTED

CIN: L 72200KA l 973PLC002308

JKM PLAZA, 0YNAMATIC AEROTROPOLIS, 55, KIA0B AEROSPACE PARK, 0EVANAI-IALLI, BANCALORE-562110, INDIA Statement of Audited Consolidated Financial Results for the year ended 31 March 2023 and Unaudited Consolidated Financial Results for the Quarter ended 31 March 2023

Notes:

• 8 Dynamatic Manufacturing Limited (Fom1erly known as JKM Ferrotech Limited) ('DML'), a wholly owned subsidiary of the Company, had entered into an Assets Purchase agreement ('APA') with the Company dated 01 September 2022. Based on this agreement, the Company has transferred the Plant and Machinery alongside identified employees to DML and concluded.

• 9 The Company's step-down subsidiary Eisenwerk Erla Gmbl-1, Germany (EEG) is in the process of transformation from automotive/foundry­ focus to aerospace business. Considering the various challenges viz.; supply chain crisis at OEMs; current inflation in Europe; steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through "Protective Shield process by self -administration" under the applicable German Laws vide application dated 29 November 2022. The application has been accepted by the regulatory authorities, and reorganisation plan with customers has been completed and simultaneously the plan is being worked out with bankers and vendors for new tenns and conditions benefiting the business operations. Under this process, Federal Employment Agency shall disburse 3 months employee payroll, and as on 31 March 2023, EEG has recognised grant of EURO 1,521,822.

• 10 The Board of Directors subsequent to members approval dated 9 March 2023, allotted 4,50,000 equity shares to non-promoter persons on preferential basis for an amount of lNR. 112,90,50,000 (Rupees one hundred twelve crore ninety lacs and fifty thousand only), in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (JCDR) Regulations"), as amended from time to time. As on the Board meeting date 29 May 2023, the proceeds of the preferential allotment has been utilized towards prepayment of debt and for general corporate purposes.

• 11 The figures for the quarter ended 31 March 2023 and 31 March 2022 are the balancing figures between the audited figures in respect of the full financial year ended 31 March 2023 and 31 March 2022 and published year to date figures up to third quarter ended 31 December 2022 and 31 December 2021 respectively.

for and on behalf of Board of Directors of

Udayant Malhoutra CEO and Managing Direc o

Date: 29 May 2023 Place: Bangalore

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru – 560 001 Karnataka, India

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Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED

Opinion and Conclusion

We have (a) audited the Standalone Financial Results for the year ended March 31, 2023 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2023 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Audited Standalone Financial Results for the year ended March 31, 2023 and Unaudited Standalone Financial Results for the Quarter ended March 31, 2023” (“the Statement”) of DYNAMATIC TECHNOLOGIES LIMITED (“the Company”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”).

(a) Opinion on Annual Standalone Financial Results

In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended March 31, 2023:

• i. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and

• ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the year then ended.

(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended March

31, 2023

With respect to the Standalone Financial Results for the quarter ended March 31, 2023, based on our review conducted as stated in paragraph (b) of Auditor’s Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 31, 2023, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2023

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We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those Standards are further described in paragraph (a) of Auditor’s Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“the ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 31, 2023 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

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Management’s Responsibilities for the Statement

This Statement which includes the Standalone Financial Results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 31, 2023 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2023 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company’s ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the financial reporting process of the Company.

Auditor’s Responsibilities

(a) Audit of the Standalone Financial Results for the year ended March 31, 2023

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2023 as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.

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• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.

• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Annual Standalone Financial Results.

Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

(b) Review of the Standalone Financial Results for the quarter ended March 31, 2023

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2023 in accordance with the Standard on Review Engagements (“SRE”) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company’s personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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Other Matters

• The Statement includes the results for the Quarter ended March 31, 2023 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm’s Registration No. 117366W/W-100018)

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Sathya P. Koushik Partner (Membership No.206920) UDIN: 23206920BGYMEY2015

Bangalore, May 29, 2023

DYNAMATTC TECHNOLOGIES LIMITED

CIN: L72200KAl973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE - 562110, IN0IA

Statement of audited standalone Financial Results for yea,· ended 31 March 2023 and Unaudited standalone financial results for the quarter ended 31 March 2023

		( ill /akhs, excefll as otherll'ise stated)	( ill /akhs, excefll as otherll'ise stated)	( ill /akhs, excefll as otherll'ise stated)	( ill /akhs, excefll as otherll'ise stated)
SI. No.	Parllculars	3 monlhs ended 31 March 2023 (Unaudited) (Refer note 9)	Preceding 3 months ended 31 December 2022 (Unaudited)	Corrcs1>onding 3 Year lo dale fgure monrhs ended in previous period for the current year 31 March 2022 ended (Unaudited) 31 March 2023 (Refer note 9\ (Audited)	PreYlous ycnr ended 31 March 2022 (Audited)
I 2 3 4 5 6 7 8 9 Income a) Revenue from operations b) Other income Total income (a+b) Expenses a) Cost of raw materials and components consumed b) Changes in inventories of fnished goods and work-in-progress e) Employee benefts ex1>ense d) Finance costs e) Depreciation and amortisation ex pense f Other expenses Total expenses (a+b+c+d+e+I) Profit before tax ( I - 2) Tax expense a) Current tax b) Defrred tax Total tax e<pensc (a+b) Profit for the period (3 - 4) Other comprehensive income/(loss) (OCI) i) Items that will not to be reclassifed subsequently to statement of proft and loss a) Remeasurement gain/(loss) on defned beneft plans b) Income tax relating to items that will not be reclassifed to statement of proft and loss ii) Items that will be reclassifed subsequently to Statement of profit and loss a) Foreign currency fuctuations under a cash fow hedge - gain/(loss) Other comprehensive income/ (loss) for the period, net or lax Total comprehensive income fr the period (5+6) Paid-up equity share capital (foce value of INR I 0/- each) Reserves (Other equity) Earnings per equity share Basic and Diluted (INR)		15,005 384	14,160 61	14,045 58,112 384 536	54,897 1,124
		15,389 6,729 188 2,077 1,096 485 2,899	14,221 6,526 (6 I) 2,444 1,552 522 2,379	14,429 58,648 6,113 27,207 (225) (189) 2,463 9,218 1,453 5,158 749 2,419 2,387 10,453	56,021 23,625 1,417 9,130 4,734 3,032 8,787
		13,474	13,362	12,940 54,266	50,725
		1,915	859	1,489 4,382	5,296
		862 16	236 (50)	384 1,582 28 (115)	1,342 (II)
		878	186	412 1,467	1,331
		1,037 (166) 42 36	673 129 (32) (35)	1,077 2,915 (200) (15) 50 4 (41) (324)	3,965 (231) 58 (28)
		(88)	62	(191) (335)	(201)
		949	735	886 2,580	3,764
		679	634 -	634 679 50,304	634 36,668
		(not annualised)	(not annualised)	(not annualised) (annualised)	(annualised)
		16.24	10.62	16.99 45.86	62.54

Sec accompanying notes to these financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KAI 973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADIJ AEROSPACE PARK, DEVANAHALLI, IJANGALORE- 562110, INDIA

Statement of audited standalone Financial Results for year ended 31 March 2023 and Unaudited standalone financial results for the quarter ended 31 March 2023

Annexure J : Statement of Standalone segment wise revenue, t'esults, assets and liabilities for the quarter and year ended 31 March 2023

(/NR in /akhs, except ltS otherwise stated)

SI. No.	Particulars	3 months ended 31 March 2023 (Unouditcd) (Refer note 9)	Preceding 3 months ended 31 December 2022 (Unaudited)	Corresponding 3 months ended In previous period 31 March 2022 (Umrdltcd) (Refer note 9)	Year to date figure for the current year ended 31 March 2023 (Audited)	Previous year ended 31 Morch 2022 (Audited)
1 2 3 4 Segment revenue a) 1-ydraulics b) Aerospace c) Others Revenue fom operations Segment results I profit/ (loss) before finance costs, other income nnd tax from each scgmentJ a) 1lydrulics b) Aerospace c) Others d) Unallocated Total Unallocable � Finance Cost • Other income Profit before tax Segment Assets a) 1-lydraulics b) Aerospace c) Others d) Unallocated Segment assets e) Assets classifed as held for sale (Refr Note 3) Total assets Segment Liabilities a) Hydraulics b) Aerospace c) Others d) Unallocated Total Segment Liabilities		7,970 7,029 6	7,640 8,059 6,519 5,974 I 12		33,544 24,558 10	30,621 24,235 41
		15,005 1,553 1,917 ( 153) (690)	14,160 14,045 1,507 1,678 1,627 1,616 (153) (141) (63 I) (595)		58,112 6,738 5,743 (541) (2,936)	54,897 5,634 6,002 (859) (1,871)
		2,627 2,350 2,558 9,004 (1,096) (1,552) (1,453) (5,158) 384 61 384 536				8,906 (4,734) 1,124
		1,915 859 1,489 4,382 17,274 17,133 16,586 17,274 45,046 42,464 38,294 45,046 628 586 546 628 48,495 39,466 39,686 48,495				5,296 16,586 38,294 546 39,686
		1, 11,443 99,649 5,562 5,562		95,112 1,11,443 5,562 5,562		95,112 5,562
		1,17,005 1,05,211		1,00,674 1,17,005		1,00,674
		10,263 10,104 4,555 4,964 712 727 50,492 50,673		I0,094 10,263 5,157 4,555 630 712 47,491 50,492		10,094 5,157 630 47,491
		66,022 66,468		63,372 66,022		63,372

See accompanymg notes to the financml results.

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE- 562110, INDIA Statement of audited standalone Financial Results for year ended 31 March 2023 and Unaudited standalone financial results for the quarter ended 31 March 2023

Standalone balance sheet

Standalone balance sheet
	( in lak 1s, except as otherwise stated)
Particulars	As at 31 March 2023 **(Audited **	As at 31 March 2022 (Audited
ASSETS Non-current assets a) Property, plant and equipment b) Intangible assets c) Capital work in progress d) Right-of-use assets e) Financial assets (i) Investments (ii) Other financial assets f) Income tax assets (net) g) Other non-current assets Total non-current assets Cunent assets a) Inventories b) Financial assets (i)Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than cash and cash equivalents above (iv) Loans (v) Other financial assets c) Other current assets Total current assets d) Assets classified as held for sale Total Assets EQUITY AND LIABILITIES Equity a) Equity share capital b) Other equity Total equity Liabilities Non-current liabilities a) Financial liabilities (i) Borrowings ( ii) Lease liabilities (iii) Other financial liabilities b) Provisions c) Defrred tax liabilities (net) Total non-current liabilities Current liabilities a) Financial liabilities (i) Borrowings (ii) Trade Payables (a) total outstanding dues of micro enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Lease liabilities (iv) Other fnancial liabilities b) Provisions c) Current income tax liabilities (net) d) Other current liabilities Total current liabilities Total Liabilities Total Equity and Liabilities	20,224 280 7,097 978 34,834 149 380 643 64,585 10,898 16,263 9,505 2,303 76 1,803 6,010	21,004 372 1,138 2,097 33,809 758 645 899 60,722 10,160 14,222 667 2,248 90 1,538 5,465
	46,858 5,562	34,390 5,562
	1,17,005 679 50,304 50,983 21,075 550 500 2,536 3,778	1,00,674 634 36,668 37,302 24,546 1,171 175 2,921 3,897
	28,439 32,710 23,612 17,719 2,307 1,082 7,997 7,849 723 1,451 1,596 1,327 321 381 800 639 227 214
	37,583 30,662
	66,022 63,372 1,17,005 1,00,674

See accompanying notes to these financial results.

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE- 562110, INDIA Statement of audited standalone Financial Results for year ended 31 March 2023 and Unaudited standalone financial results for the quarter ended 31 March 2023 Standalone statement of cash flow for the year ended

Particulars Profit before tax Adjustments: Finance costs Interest on lease liabilities Loss arising out of Capital reduction approved by NCL Tin respect of Investments in Dynamatic Manufacturing Limited (DML) [formerly know as JKM Ferrotech Limited] Reversal of provision for impairment for Dynamatic Manufacturing Limited (DML) [formerly know as JKM Ferrotech Limited) Depreciation and amortisation on Property, plant & equipment Amortisation of Right-of-use assets Unrealised foreign exchange differences loss Interest income Gain on sale of prope1ty, plant and equipment, net Unwinding of discount on dismantling liability Loss allowance on financial assets, net Interest on loans/advance given to related parties Financial guarantee obli1mtion income Operating cash flow before working capital changes Changes in operating assets and liabilities Changes in inventories Changes in trade receivables Changes in loans Changes in other financial assets Changes in other assets Changes in trade payables Changes in other financial liabilities Changes in provisions Changes in other current liabilities Cash generated from operations Income taxes paid, net of refund Net cash e.eneratcd from operatine. activities (A) Cash flows from investing activities Purchase of prope11y, plant and equipment and intangibles Proceeds from sale of property, plant and equipment Additional investment in equity share of subsidiary Company Proceeds from sale of subsidiaries investment Bank deposits (having original maturity of more than three months), net Interest received from bank deposits Net cash used/generated from investing activities (B) Cash flows from financing activities Proceeds from issue of equity shares Proceed from long term borrowings Repayment of long term borrowings Proceed/(Repayment) of short tenn borrowings, net Payment of Lease liabilities Interest paid Dividend paid Net cash used in financinl! activities (C) Net increase/(decrease) in cash and cash equivalents (A+ B +C) Cash and cash equivalents at the beginning of the vear Cash and cash eouivalcnts at the end of thevear 31 March 2023 <Audited) 4,382 4,747 291 . - 1,341 1,078 793 (228) (30) 36 136 . - 12,546 (738) (2, I 06) 14 324 (561) 1,373 165 (445) 13 10,585 (I ,I 56) 9,429 (6,182) . (1,025) . (55) 248 (7,014) I 1,291 4,645 (5,937) 2,664 (1,598) (4,452) (I 90) 6,423 8,838 667 9,505 INR in /aklts 31 March 2022 (Audited) 5,296 3,907 417 5,593 (5,593) 1,450 1,582 264 (227) (576) 68 288 (62) (4 12,403 228 (I ,278) 977 434 (889) 2,637 (12) 183 64 14,747 (928) 13,819 (2,769) 668 . I (44) 207 (1,937) . . (5,600) (2) (2,114) (3,846) . (11,562' 320 347 667	Particulars Profit before tax Adjustments: Finance costs Interest on lease liabilities Loss arising out of Capital reduction approved by NCL Tin respect of Investments in Dynamatic Manufacturing Limited (DML) [formerly know as JKM Ferrotech Limited] Reversal of provision for impairment for Dynamatic Manufacturing Limited (DML) [formerly know as JKM Ferrotech Limited) Depreciation and amortisation on Property, plant & equipment Amortisation of Right-of-use assets Unrealised foreign exchange differences loss Interest income Gain on sale of prope1ty, plant and equipment, net Unwinding of discount on dismantling liability Loss allowance on financial assets, net Interest on loans/advance given to related parties Financial guarantee obli1mtion income Operating cash flow before working capital changes Changes in operating assets and liabilities Changes in inventories Changes in trade receivables Changes in loans Changes in other financial assets Changes in other assets Changes in trade payables Changes in other financial liabilities Changes in provisions Changes in other current liabilities Cash generated from operations Income taxes paid, net of refund Net cash e.eneratcd from operatine. activities (A) Cash flows from investing activities Purchase of prope11y, plant and equipment and intangibles Proceeds from sale of property, plant and equipment Additional investment in equity share of subsidiary Company Proceeds from sale of subsidiaries investment Bank deposits (having original maturity of more than three months), net Interest received from bank deposits Net cash used/generated from investing activities (B) Cash flows from financing activities Proceeds from issue of equity shares Proceed from long term borrowings Repayment of long term borrowings Proceed/(Repayment) of short tenn borrowings, net Payment of Lease liabilities Interest paid Dividend paid Net cash used in financinl! activities (C) Net increase/(decrease) in cash and cash equivalents (A+ B +C) Cash and cash equivalents at the beginning of the vear Cash and cash eouivalcnts at the end of thevear 31 March 2023 <Audited) 4,382 4,747 291 . - 1,341 1,078 793 (228) (30) 36 136 . - 12,546 (738) (2, I 06) 14 324 (561) 1,373 165 (445) 13 10,585 (I ,I 56) 9,429 (6,182) . (1,025) . (55) 248 (7,014) I 1,291 4,645 (5,937) 2,664 (1,598) (4,452) (I 90) 6,423 8,838 667 9,505 INR in /aklts 31 March 2022 (Audited) 5,296 3,907 417 5,593 (5,593) 1,450 1,582 264 (227) (576) 68 288 (62) (4 12,403 228 (I ,278) 977 434 (889) 2,637 (12) 183 64 14,747 (928) 13,819 (2,769) 668 . I (44) 207 (1,937) . . (5,600) (2) (2,114) (3,846) . (11,562' 320 347 667	Particulars Profit before tax Adjustments: Finance costs Interest on lease liabilities Loss arising out of Capital reduction approved by NCL Tin respect of Investments in Dynamatic Manufacturing Limited (DML) [formerly know as JKM Ferrotech Limited] Reversal of provision for impairment for Dynamatic Manufacturing Limited (DML) [formerly know as JKM Ferrotech Limited) Depreciation and amortisation on Property, plant & equipment Amortisation of Right-of-use assets Unrealised foreign exchange differences loss Interest income Gain on sale of prope1ty, plant and equipment, net Unwinding of discount on dismantling liability Loss allowance on financial assets, net Interest on loans/advance given to related parties Financial guarantee obli1mtion income Operating cash flow before working capital changes Changes in operating assets and liabilities Changes in inventories Changes in trade receivables Changes in loans Changes in other financial assets Changes in other assets Changes in trade payables Changes in other financial liabilities Changes in provisions Changes in other current liabilities Cash generated from operations Income taxes paid, net of refund Net cash e.eneratcd from operatine. activities (A) Cash flows from investing activities Purchase of prope11y, plant and equipment and intangibles Proceeds from sale of property, plant and equipment Additional investment in equity share of subsidiary Company Proceeds from sale of subsidiaries investment Bank deposits (having original maturity of more than three months), net Interest received from bank deposits Net cash used/generated from investing activities (B) Cash flows from financing activities Proceeds from issue of equity shares Proceed from long term borrowings Repayment of long term borrowings Proceed/(Repayment) of short tenn borrowings, net Payment of Lease liabilities Interest paid Dividend paid Net cash used in financinl! activities (C) Net increase/(decrease) in cash and cash equivalents (A+ B +C) Cash and cash equivalents at the beginning of the vear Cash and cash eouivalcnts at the end of thevear 31 March 2023 <Audited) 4,382 4,747 291 . - 1,341 1,078 793 (228) (30) 36 136 . - 12,546 (738) (2, I 06) 14 324 (561) 1,373 165 (445) 13 10,585 (I ,I 56) 9,429 (6,182) . (1,025) . (55) 248 (7,014) I 1,291 4,645 (5,937) 2,664 (1,598) (4,452) (I 90) 6,423 8,838 667 9,505 INR in /aklts 31 March 2022 (Audited) 5,296 3,907 417 5,593 (5,593) 1,450 1,582 264 (227) (576) 68 288 (62) (4 12,403 228 (I ,278) 977 434 (889) 2,637 (12) 183 64 14,747 (928) 13,819 (2,769) 668 . I (44) 207 (1,937) . . (5,600) (2) (2,114) (3,846) . (11,562' 320 347 667
	248 (7,014) I 1,291 4,645 (5,937) 2,664 (1,598) (4,452) (I 90) 6,423 8,838 667 9,505	207 (1,937) . . (5,600) (2) (2,114) (3,846) . (11,562' 320 347 667

See accompanying notes to tbese financial results. Cash flows from operating activities is arrived using indirect method. The above represents cash flows from total operations.

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEV ANA HALLI, BANGALORE - 562110, INDIA

Statement of audited standalone Financial Results for year ended 31 March 2023 and Unaudited standalone financial results for the quarter ended 31 March 2023

Notes:

• The above standalone financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 29 May 2023. The results for the year ended 31 March 2023 has been audited and the quarter ended 31 March 2023 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company have expressed an unmodified opinion on the financial results for the year ended 31 March 2023 and have issued an unmodified conclusion in respect of the limited review for the quarter ended 31 March 2023.

• 2 The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and post-employment benefits that received Presidential assent have not been notified. Further, the related rules for quantifying the financial impact have not been notified. The Company will assess the impact of the Codes when the rules are notified and will record any related impact in the period the Codes become effective.

• 3 The management is actively pursuing its plan to dispose the Windfarm land admeasuring 364 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore to the Government of Tamil Nadu, for setting up the proposed Southern Defence Industrial Corridor. During the year, the Company had received Notification bearing No. 18189/2021, issued by the District Collector Office, Coimbatore, for acquiring the Company's Wind Fann lands admeasuring 364 acres, and the private negotiations in respect lo the same has been concluded. The company is awaiting formal communication in this regard for the closure of the transaction.

• 4 Pursuant to an internal restructuring approved by the Board of directors, the Company had entered into an agreement with Eisenwerk Erla GmBH ("EEG") (a step down wholly owned subsidiary of the Company) to purchase equity interest of 24.62% held by EEG in Dynamatic Manufacturing Limited (DML), another subsidiary of the Company. As on 31 March 2023, the shareholdings of 24.62% have been transferred from EEG to the Company after following requisite procedures. After the restructuring, the company holds I 00% shareholdings of DML (57.65% shareholding directly and the balance 42.35% through its Wholly Owned Subsidiary JKM Erla Automotive Limited).

• 5 On IO August 2022, the Board of Directors of the Company had declared an interim dividend of Rs.3 per equity share (30%) for the financial year 2022· 23 and paid to the shareholders during the quarter ended 30 September 2022.

• The Board of Directors of the Company vides meeting dated 29 May 2023, have subject to approval of shareholders declared final dividend of Rs. 7 per equity share (70%) for the financial year 2022-23 and the same will be disbursed to shareholders after ensuing Annual General Meeting.

• 6 Dynamatic Manufacturing Limited (Formerly known as JKM Ferrotcch Limited) (' DML '), a wholly owned subsidiary of the Company, had entered into an Assets Purchase agreement ('APA') with the Company dated 01 September 2022. Based on this agreement, the Company has transferred the Plant and Machinery alongside identified employees to DML and concluded.

• 7 The Company's step-down subsidiary Eisenwerk Erla GmbH, Germany (EEG) is in the process of transformation from automotive/foundry-focus to aerospace business. Considering the various challenges viz.; supply chain crisis at OEMs; current inflation in Europe; steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undc1took corporate restructuring measures through "Protective Shield process by self -administration" under the applicable German Laws vide application dated 29 November 2022. The application has been accepted by the regulatory authorities, and reorganisation plan with customer has been completed and simultaneously the plan is being worked out with bankers and vendors for new terms and conditions benefiting the business operations. Under this process, Federal Employment Agency shall disburse 3 months employee payroll, and as on 31 March 2023, EEG has recognised grant of EURO 1,521,822.

• 8 The Board of Directors subsequent to members approval dated 9 March 2023, allotted 4,50,000 equity shares to non-promoter persons on preferential basis for an amount of JNR. 112,90,50,000 (Rupees one hundred twelve crore ninety lacs and fifty thousand only), in accordance with Chapter V of the Securities and Exchange Board of lndia (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBl (ICDR) Regulations"), as amended from time to time. As on the Board meeting date 29 May 2023, the proceeds of the preferential allotment has been utilized towards prepayment of debt and for general corporate purposes.

• 9 The figures for the quarter ended 31 March 2023 and 31 March 2023 arc the balancing figures between the audited figures in respect of the full financial year ended 31 March 2023 and 31 March 2022 and published year to dale figures up to third quarter ended 31 December 2022 and 31 December 2021 respectively.

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