7 th June, 2021

To,
The Secretary	The Secretary
Bombay Stock Exchange Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	"Exchange Plaza"
Dalal Street	Bandra-Kurla Complex, Bandra East
MUMBAI 400 00 I.	MUMBAI 400 051.

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

Dear Sir/ Madam,

In further to our letter dated 1 st June 2021, we write to inform that the significant matters arising out of the Board Meeting held today i.e., 7 th June 2021 are as appended hereunder:

1. The Board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March 2021. Copy of the audited financial results has been enclosed.
1. We hereby declare that the Independent Auditors' report on the Annual accounts of the Company for the year ended 31st March 2021, issued by Mis Deloitte Haskins & Sells, LLP, Statutory Auditors, contains unmodified opinion.
1. The meeting of Board of Directors held today commenced at 3.00 pm and concluded at 8.00 pm

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 DYNAMA TIC TECHNotfcrns LIMITED

�f ,Jt vf-rv:.

Shivaram Head - Legal, Compliance & Company Secretary

Enclosure: as above

Dynamat1c Park Peenya Bangalore 560 058 India www.dynamatics Tel +91 80 2839 4933 / 34 / 35 Fax +91 80 2839 5823 com

Corporate Identity Number: L 72200KA 1973PLC002308

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 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, 2021 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2021 (refer 'Other Matters' section below), which were subject to limited review by us, both included in the accompanying "Statement of Standalone Financial Results for the quarter and year ended March 31, 2021" of DYNAMATIC TECHNOLOGIES LIMITED ("the Company"), ("the Statement"), 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, 2021:

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, 2021

With respect to the Standalone Financial Results for the quarter ended March 31, 2021, 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, 2021, 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, 2021

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, 2021 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.

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, 2021 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, 2021 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, 2021

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2021 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.
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, 2021

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2021 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.

Other Matters

The Statement includes the results for the Quarter ended March 31, 2021 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)

Sathya P Koushik Partner (Membership No. 206920) (UDIN: 21206920AAAAFQ9323)

Place: Bengaluru Date: 7 June 2021

DYNAMATIC TECHNOLOGIES LIMITED CIN: 1.72200KA1973PLC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA Statement of Standalone Financial Results for the quarter and year ended 31 March 2021

(INR in lakhs, except as otherwise stated)
SI. No.	Particulars	3 months ended 31 March 2021 (Refer Note 6)	Preceding 3 months ended 31 December 2020	Corresponding 3 months ended in previous year 31 March 2020	Year to date figures for the current period ended 31 March 2021	Previous year ended 31 March 2020 (Audited)
			(Unaudited)	(Refer Note 6)	(Audited)
	Continuing operations
	Income a) Revenue from operations	14,951	14,041	12,557	51,374	56,963
	b) Other income	149	273	672	437	1,636
	Total income (a+b)	15,100	14,314	13,229	51,811	58,599
$\overline{2}$	Expenses
	a) Cost of raw materials and components consumed	6,489	7,155	6,087	22,551	25,200
	b) Changes in inventories of finished goods and work-in-progress	1,002	(862)	(960)	299	(706)
	c) Employee benefits expense	2,034	2,096	2,097	8,008	8,379
	d) Finance costs	1,210	1,346	1,791	5,776	7,026
	e) Depreciation and amortisation expense	886	803 2,394	871 2,711	3,191 8,259	3,389 9,834
	f) Other expenses Total expenses (a+b+c+d+e+f)	2,346 13,967	12,932	12,597	48,084	53,122

3 4	Profit from continuing operations before exceptional item and tax (1 - 2) Exceptional items (Refer Note 3)	1,133	1,382	632 7,920	3,727	5,477 27,108
$\mathfrak{s}$	Profit/ (loss) from continuing operations before $\tan(3 - 4)$	1,133	1,382	(7, 288)	3,727	(21, 631)
6	Tax expense
	a) Current tax	361	348		1,014
	b) Deferred tax	220	(120)	(2, 121)	(112)	(2, 457)
	Total tax expense (a+b)	581	228	(2, 121)	902	(2,457)
$\overline{7}$	Profit/ (loss) after tax from continuing operations $(5 - 6)$	552	1,154	(5,167)	2,825	(19, 174)
	Discontinued operations (Refer Note 4)
8	Profit/(Loss) from discontinued operations	u	$\overline{\phantom{a}}$	(950)	$\frac{1}{2}$	(1,600)
9	Tax expense/(credit) of discontinued operations	$\scriptstyle\rm m$
10	Profit/(Loss) after tax from discontinued operations (6-7)			(950)		(1,600)
$\mathbf{11}$	Profit/ (loss) for the period $(7+10)$	552	1,154	(6, 117)	2,825	(20, 774)
12	Other comprehensive income/(loss) (OCI) i) Items that will not to be reclassified subsequently to statement of profit and loss
	a) Remeasurement gain/(loss) on defined benefit plans b) Income tax relating to items that will not be reclassified to statement of profit and loss	85 (21)	(41) 10	(23) 24	44 (11)	(94) 24
	ii) Items that will be reclassified subsequently to Statement of profit and loss
	a) Foreign currency fluctuations under a cash flow hedge - gain/(loss) b) Income tax relating to items that will be reclassified to statement of profit and loss	12 35	139 (35)	¥	151
	Other comprehensive income for the period, net of tax	111	73	$\mathbf{I}$	184	(70)
13	Total comprehensive income/ (loss) for the period (11+12)	663	1,227	(6, 116)	3,009	(20, 844)
12	Paid-up equity share capital (face value of INR 10/- each)	634	634	634	634	634
13	Reserves (Other equity)				32,903	30,202
	Earnings per equity share	(not annualised)	(not annualised)	(not annualised)	(annualised)	(annualised)
	Earnings per share (for continuing operations) Basic and Diluted (INR)	8.71	18.20	(81.50)	44.56	(302.43)
	Earnings per equity share (for discontinued operations) Basic and Diluted (INR)	$\overline{\phantom{a}}$	$\bar{\sigma}$	(14.98)	$\overline{\phantom{a}}$	(25.24)
	Earnings per equity share (for continuing and discontinued operations) Basic and Diluted (INR)	8.71	18.20	(96.48)	44.56	(327.67)

See accompanying notes to these financial results.

DYNAMATIC: TECHNOLOGIES LIMITED
CIN: 1.72200KA1973PLC002308
DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA
Statement of Standalone Financial Results for the quarter and year ended 31 March 2021

Annexure I: Statement of standalone segment wise revenue, results, assets and liabilities for the quarter and year ended 31 March 2021

	(INR in lakhs, except as otherwise stated)
		3 months ended	Preceding	Corresponding 3	Year to date figures
SI.	Particulars	31 March 2021	3 months ended	months ended in previous year	for the current period ended	Previous year ended 31 March 2020
No.		(Refer Note 6)	31 December 2020 (Unaudited)	31 March 2020	31 March 2021	(Audited)
				(Refer Note 6)	(Audited)
$\mathbf{1}$	Segment revenue
	a) Hydraulics	6,998	6,160	4,051	20,884	20,902
	b) Acrospace	7,934	7,790	8,399	30,004	35,535
	c) Others	19	91	107	486	526
	Revenue from operations (continuing operations)	14,951	14,041	12,557	51,374	56,963
	d) from discontinued operations- (Refer note 4)			531 13,088		2,192 59,155
	Total revenue from operations (continuing and discontinued operations)	14,951	14,041		51,374
$\overline{2}$	Segment results [profit/ (loss) before finance costs, other income and tax from each segment]
	a) Hydraulics	852	717	(356)	1,773	1,155
	b) Aerospace	2,005	2,300	2,541	9,321	11,218
	c) Others	(149)	(264) (298)	(103) (331)	(611)	(313) (1, 193)
	d) Unallocated Total (continuing operations)	(514) 2,194	2,455	1,751	(1.417) 9,066	10,867
	d) From discontinued operations- (Refer Note 4)			(950)		(1,600)
	Total (continuing operations and discontinued operations)	2,194	2,455	801	9,066	9,267
	Unallocable
	- Finance Cost	(1,210)	(1, 346)	(1,791)	(5,776)	(7,026)
	- Other income	149	273	672	437	1,636
	- Exceptional gain/(Loss) (Refer Note 3)			(7,920)		(27, 108)
	Profit before tax (continuing and discontinued operations)	1,133	1,382	(8, 238)	3,727	(23, 231)

$\overline{\mathbf{3}}$	Segment Assets	12,554	12,876	15,340	12,554	15,340
	a) Hydraulics	40,241	41,647	43,510	40,241	43,510
	b) Aerospace c) Others	514	6,124	8,647	514	8,647
	d) Unallocated	42,032	41,522	38,234	42,032	38,234
	Segment assets	95,341	1,02,169	1,05,731	95,341	1,05,731
	e) Assets classified as held for sale	5,562			5,562
		1,00,903	1,02,169	1,05,731	1,00,903	1,05,731
	Total assets
$\overline{\mathbf{4}}$	Segment Liabilities
	a) Hydraulics	7,249	8,411	10,562	7,249	10,562
	b) Aerospace	6,385	8,547	9,508	6,385	9,508
	c) Others	548	570	1,467	548	1,467
	d) Unallocated	53,184	51,735	53,358	53,184	53,358
	Segment Liabilities	67,366	69,263	74,895	67,366	74,895
	c) Liabilities directly associated with Assets classified as held for sale
	Total Liabilities	67,366	69,263	74,895	67,366	74,895

See accompanying notes to the financial results.

D\'NAMATIC TECIINOLOGIES LIMITED CIN: L722001<Al9731'LC002308 D\'NAi\lATIC l'ARI<, PEEN\'A, BANGALORE-560 058, INDIA

Statement of Standalone Financial Results for the quarter and year ended 31 March 2021

Standalone lrnlancc sheet as at 31 March 2021

As at As at 31 March 2020 31 March 2021 /Audited) (Audited) ASSETS Non-current assets 21,770 28,223 a) Properly, plant and equipment 93 108 b) I ntangiblc assets 322 182 c) Capital work in progress 3,342 5,044 cl) Right-of�use assets e) Financial assets 33,809 33,369 (i) Investments 719 565 (ii) Loans 1,551 970 f) Income lax assets (net) 59 9 g) Other non-current assets 61,665 68,470 Total non-current assets Current assets 10,388 11,446 a) Inventories b) Financial assets 13,105 16,370 (i)Trade receivables 347 1,247 (ii) Cash and cash equivalents 2,204 2,648 (iii) Bank balances other than cash and cash equivalents above 1,533 698 (iv) Loans 1,525 1,389 (v) Other financial assets 4,574 3,463 c) Other current assets 33,676 37,261 Total current assets - 5,562 d) Assets classified as held for sale 1,00,903 1,05,731 Total Assets EQUITY AND LIABILITIES Equity 634 634 32,903 30,202 b) Other equity 33,537 30,836 30,927 30,756 (i) Borrowings 1,989 3,055 (ii) Lease liabilities 156 4 (iii) Other financial liabilities 2,537 2,333 b) Provisions 3,966 4,067 c) Deferred tax liabilities (net) 39,575 40,215 Total non-current liabilities Current liabilities 11,959 16,513 (i) Borrowings (ii) Trade Payables 28 1,508 (a) total outstanding dues of micro enterprises and small enterprises 6,113 10,990 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 1,993 1,978 (iii) Lease liabilities 5,912 2,961 (iv) Other financial liabilities 351 362 b) Provisions - 1,131 c) Current income tax liabilities (net) 304 368 d) Other current liabilities 27,791 34,680 67,366 74,895 Total Liabilities '� /::� 1,00,903 1,05,731 Total Equity and Liabilities 'z cJV"'-1 See accompanying notes to these financial results.		' (INR in lakhs except as otherwise Sl'llcd) '




























	a) Equity share capital

	Total equity
	Liabilities
	Non-current liabilities
	a) Financial liabilities






	a) Financial liabilities








	Total current liabilities

DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA Statement of Standalone Financial Results for the quarter and year ended 31 March 2021

		INR in lakhs
Statement of cash flow for the year ended	31 March 2021	31 March 2020
Cash flow from operating activities
Profit/(loss) before tax
- continuing operations	3,727	(21, 631)
- discontinuing operations		(1,600)
	3,727	(23, 231)
Adjustments:
Interest income	(233)	(246)
Interest on loans/advance given to related parties	(45)	(443)
Financial guarantee obligation income	(6)	(18)
Provision for impairment of investment in subsidiaries		20.541
Written off trade advances and interest receivable from subsidiary Depreciation and amortisation expense	3,191	6,567
Finance costs	5,718	4,363
Unwinding of discount on dismantling liability	58	6,974 52
Loss on sale of property, plant and equipment, net	(3)	3
Loss allowance on financial assets, net	(463)	142
Bad debts written off, net	729	92
Unrealised foreign exchange differences	(213)	(454)
Operating cash flow before working capital changes	12,460	14,342

Changes in operating assets and liabilities
Changes in inventories	1,058	(300)
Changes in trade receivables	3,016	437
Changes in loans	(989)	(86)
Changes in other financial assets	(11)	109
Changes in other assets	(1, 116)	(662)
Changes in trade payables	(6, 383)	(7)
Changes in other financial liabilities	318	(1, 316)
Changes in provisions	193 (60)	409
Changes in other current liabilities Cash generated from operations	8,486	138 13,064
Income taxes paid, net of refund	(453)	(388)
Net cash generated from operating activities (A)	8,033	12,676

Cash flows from investing activities
Expenditure on property, plant and equipment, right to use of assets and intangibles	(780)	(1, 224)
Investment in subsidiaries	(440)	(400)
Bank deposits (having original maturity of more than three months), net	444	381
Interest received from bank deposits	233	246
Net cash from/(used) in investing activities (B)	(543)	(997)

Cash flows from financing activities
Proceed/(Repayment) of long term borrowings	3,091	(4, 135)
Repayment/Proceeds from short term borrowings (net) Payment of Lease liabilities	(4, 577)	763
Interest paid	(1, 573) (5, 329)	(1, 852)
Dividend paid	(2)	(5, 495)
Net cash used in financing activities (C)	(8, 390)	(10, 719)

Net increase/(decrease) in cash and cash equivalents $(A + B + C)$	(900)	960
Cash and cash equivalents at the beginning of the year	1,247	287
Cash and cash equivalents at the end of the year	347	1,247

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.

DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, !NOIA

Statement of Standalone Financial Results for the quarter and year ended 31 March 2021

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 7 June 2021. The results for the year ended 31 March 2021 has been audited and the quarter ended 3 I March 2021 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 2021 and have issued an unmodified conclusion in respect of the limited review for the quarter ended 31 March 2021.
2 The global pandemic COYID-1 9, has impacted economies across the globe and the disruption has resulted in economic slowdown worldwide. The Company's manufacturing operations were suspended for a part of the year ended 3 I March 2021 due to the nationwide lockdown announced by the Government of India in view ofCOYID 19. The Company's facilities resumed operations in a phased manner, aligned with the directives announced by the jurisdictional authorities f ^rom time to time, prioritizing the health and safety of all the stakeholders across the value chain.

The Company has evaluated impact of COVID 19 in assessing the recoverability of assets, more particularly carrying value of property, plant and equipment and investments. Such assessment consider internal and external information, including current indicators of future economic conditions. The Company continues to focus on maintaining liquidity and expects a gradual recovery of demand and supply in future months. The ultimate eventual impact of the pandemic on the results may differ f ^rom that estimated as at the date of the approval of these results. Such changes, if any, will be prospectively recognized. The Company will continue to closely monitor any material changes to future economic conditions and assess its impact on operations.

3 Exceptional items during the Previous Year Ended 31 March 2020 related to impairment losses:

i) in respect of the company's direct and indirect investments in JKM Ferrotech Limited ('JFTL') of!NR 12,621 lakhs and write-off of trade advances given to JFTL of lNR 6,567 lakhs.

ii) in respect of investments in JKM Global Pte Ltd, Singapore ('JGPL') and JKM Erla Automotive Limited, India ('JEAL') of INR 1,900 lakhs and INR 6,020 lakhs respectively. The consequential reversal of deferred tax liability of INR 1,845 Lakhs for the year ended 31 March 2020 is recognised as credit under deferred tax expense (on the impairment loss in respect of investment in JGPL and JEAL).

DYNAMATIC TECHNOLOGIES LIMITED Cl N: L 72200 KA 1973 P LC002308 DYNAMATIC PARK, PEENYA, BANGALORE-560 058, INDIA

Statement of Standalone Financial Results for the quarter and year ended 31 March 2021

Notes:

4 Discontinued operations included in the above results for the comparable periods of the preceding year relates to the following:

During the year ended 3 I March 2018, the Board of Directors of the Company vide its meeting dated 28 February 2018, had approved the divestment of 'Automotive and Aluminium Castings' ('discontinued business'). The discontinued businesses included the Aluminium business, the Iron business and the Windfarm business. Subsequently, the Company had obtained the Shareholders' approval (a substantive approval) vide postal ballot dated 15 May 2018 and accordingly 'Automotive and Aluminium Castings' was classified as discontinued operation f ^rom the quarter ended 30 June 2018.

During the year ended 31 March 2019, the Company had entered into a business transfer agreement to sell certain assets of the Aluminium business. The transaction was consummated on 17 January 2019.

Based on the management's current strategy, the Wind farm Land has been classified as Assets held for sale as at 31 March 2021.

The results of discontinued business included in the standalone financial results are as follows:

(INR in lakhs, except as otherwise stated)

Particulars	3 months ended 31 March2021 (Refer Note 6)	Preceding 3 months ended 31 December 2020 (Unaudited)	Corresponding 3 months ended in previous year 3 I Mnrch 2020 (Refer Note 6)	Vear lo dale figures for the Previous yeHr ended current 11edod ended 31 March 2021 (Audited)	31 March 2020 (Audited)
Revenue	-	-	531	-	2,192
Expenses	-	-	1,481	-	3,792
Loss before tax	-	-	(950)	-	( 1,600)#

Includes loss of INR 974 lakhs on reduction of fair value of Property, plant and equipment.

5 The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and postemployment 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 becomes effective.
6 The figures for the quarter ended 3 I March 2021 and 3 I March 2020 are the balancing figures between the audited figures in respect of the full financial year ended 3 I March 2021 and 3 I March 2020 and published year to date figures up to third quarter ended 31 December 2020 and 31 December 2019 respectively.

7 The previous period figures have been regrouped wherever necessary to conform to current period's presentation.

/or and on behalf of Board of Directors of Dynamatic Technologies Limited

�

Udayant Malhoutra CEO and Managing Director

Place: Bengaluru Date: 7 June 2021

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