Dynamatic Technologies Ltd. - Audit Report / Information 2024

DYNAMATIC TECHNOLOGIES LIMITED

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28[th ] May 2024

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

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

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

Dear Sir,

Further to our letter dated 21[st ] May 2024, we write to inform you that the significant matters arising out of the Board Meeting held today i.e., 28[th ] May 2024, at JKM Plaza, Dynamatic Aerotropolis, 55, KIADB Aerospace Park, Bangalore 562149, are appended as under:

The Board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31[st ] March 2024. Copy of the audited financial results has been enclosed.
We hereby declare that the Independent Auditors' report on the Annual accounts of the Company for the year ended 31[st ] March 2024, issued by M/s Deloitte Haskins & Sells, LLP, Statutory Auditors, contains an unmodified opinion.
The Board re-appointed of M/s Deloitte Haskins & Sells, LLP, as Statutory Auditors of the Company for another term of five consecutive years, commencing from the conclusion of the 49[th ] Annual General Meeting (AGM) and continuing until the conclusion of the 54[t][h ] AGM, subject to the approval of the Members at the upcoming AGM.
The Board recommended Final Dividend of Rs. 5/- per equity share of Rs. 10/ each for the financial year ended 31[st ] March 2024, 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.
a) Together with the interim dividend of Rs. 5/- per share declared by the Board on 13[th ] February 2024, the total dividend for the financial year ended 31[s][t ] March 2024 would be Rs.10/- per equity share.

Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis

55 KIADB Aerospace Park Bangalore 562 149 India Tel +91 80 2111 1223 +91 80 2204 0535

www.dynamatics.com

Corporate Identity Number: L72200KA 1973PLC002308

DYNAMATIC TECHNOLOGIES LIMITED

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b) fixed 2[nd ] August 2024, 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 49[th ] AGM of the Company will be advised in due course.

The meeting of the Board of Directors held today commenced at 15: 15 pm 1ST and concluded at 21 :00 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 TECHNOLOGIES LIMITED

Shivaram:� Head - Legal, Compliance & Company Secretary "" -- dc;vl.�

Enclosure: as above

Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Bangalore 562 149 India Tel +91 80 2111 1223 +91 80 2204 0535

www.dynamatics.com

Corporate Identity Number: L72200KA 1973PLC002308

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 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, 2024 and (b) reviewed the Consolidated Financial Results for the quarter ended March 31, 2024 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Audited Consolidated Financial Results for the year ended March 31, 2024 and Unaudited consolidated financial results for the quarter ended March 31, 2024” (“the Statement”) of DYNAMATIC TECHNOLOGIES LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the quarter and year ended March 31, 2024, 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 the Group and subsidiaries referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 31, 2024:

(i) includes the results of the following entities:
Dynamatic Technologies Limited
JKM Research Farm Limited, India
JKM Global Pte. Limited, Singapore
Dynamatic Limited UK
Dynamatic LLC, US
Yew Tree Investments Limited UK
JKM Erla Automotive Limited, India
Dynamatic Manufacturing Limited, India
JKM Erla Holdings GmbH Germany
Eisenwerk Erla GmbH Germany
JKM Automotive 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
(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, 2024.

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(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 31, 2024

With respect to the Consolidated Financial Results for the quarter ended March 31, 2024, 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 review 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, 2024, 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, 2024

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, 2024 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, 2024, 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, 2024 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.

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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, 2024

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended March 31, 2024 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.

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Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results 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 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.

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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, 2024

We conducted our review of the Consolidated Financial Results for the quarter ended March 31, 2024 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

We did not audit the financial statements of seven subsidiaries included in the consolidated financial results, whose financial statements reflect total assets of Rs. 95,146 Lakhs as at March 31, 2024 and total revenues of Rs. 22,188 lakhs and Rs. 86,233 lakhs for the quarter and year ended March 31, 2024 respectively, total net profit after tax of Rs. 164 lakhs and Rs. 5,042 lakhs, respectively, for the quarter and year ended March 31, 2024 respectively and total comprehensive income of Rs. 164 lakhs and Rs. 5,042 lakhs for the quarter and year ended March 31, 2024 respectively and net cash flows of Rs. 368 lakhs for the year ended March 31, 2024, as considered in the Statement. These financial statements have been audited, by other auditors whose reports 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 the reports of the other auditors and the procedures performed by us as stated under Auditor’s Responsibilities section above.

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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.

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The consolidated financial results includes the unaudited financial statements of one subsidiary, whose financial statements reflect total assets of Rs. 12,906 lakhs as at March 31, 2024 and total revenues of Rs. 39 lakhs and Rs. 156 lakhs for the quarter and year ended March 31, 2024 respectively, total net loss after tax of Rs. 81 lakhs and Rs. 78 lakhs for the quarter and year ended March 31, 2024 respectively and total comprehensive loss of Rs. 81 lakhs and Rs. 78 lakhs for the quarter and year ended March 31, 2024 respectively and net cash outflows of Rs. 8 lakhs for the year ended March 31, 2024, as considered in the Statement. These financial statements 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 this subsidiary is based solely on such unaudited financial statements. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial statements 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 statements/ 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: 24206920BKANYS9006

Bangalore, May 28, 2024

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Consolidated Financial Results for the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024

	(JNR in lakhs, except as otherwise stated)	(JNR in lakhs, except as otherwise stated)	(JNR in lakhs, except as otherwise stated)	(JNR in lakhs, except as otherwise stated)	(JNR in lakhs, except as otherwise stated)
SI. No. Particulars	3 months ended 31 March 2024 (Unaudited) (Refer note 7)	Corresponding 3 Preceding months ended in 3 months ended previous period 31 December 2023 31 March 2023 (Unaudited) (Unaudited) (Refer note 7)		Year to date figure for the current year ended 31 March 2024 (Audited)	Previous year ended 31 March 2023 (Audited)
1 2 3 4 5 6 7 8 9 10 11 Income a) Revenue from operations b) Other income (Refr Note 4) Total income (a+b) Expenses a) Cost of materials and components consumed b) Change in inventory of fnished hoods and work-in- c) Employee benefits expense d) Finance costs e) Depreciation and amortisation expense fOther expenses Total expenses (a+b+c+d+e+f) Profit befre tax and exceptional items (1 - 2) Exceptional Gain/(Loss) - (Refer Note 5) Profit before tax (3 + 4) Tax expense/ (credit) a) Current tax b) Deferred tax Total tax expense (a+b) Proft after tax (5 - 6) Other comprehensive income/(loss) (OCI) i Items that will not be reclassied subsequently to statement of proft and loss a) Remeasurement gain/(loss) on defned benefit plans b) Income tax relating to items that will not be reclassified to statement of profit and loss ii) Items that will be reclassifed subsequently to Statement of profit and loss a) Foreign currency fuctuations under a cash flow hedge - gain/(loss) b) Exchange differences in translating fnancial statements of foreign operations Other comprehensive income/ (loss) for the period, net of tax Total comprehensive income for the year (7+8) Paid-up equity share capital (fce value of INR 10/- each) Reserves (Other equity) Earnings per equity share Earnings per share Basic and diluted (INR)	37,041 576	34,551 36,788 888 716		1,42,933 4,282	1,31,577 976
	37,617 16,668 518 7,555 1,752 1,728 8,015	35,439 37,504 1,47,215 16,931 17,949 66,194 (1,074) (219) 621 7,717 6,187 30,167 1,637 1,512 6,255 1,724 1,654 6,636 6,908 7,925 30,010			1,32,553 65,957 (2,855) 25,342 6,538 7,042 25,007
	36,236	33,843	35,008	1,39,883 1,27,031
	1,381 4,468	1,596 -	2,496 7,332 5,522 - 6,231 -
	5,849	1,596	2,496 13,563 5,522
	422 (284)	289 183	563 1,316 1,667 177 66 (424)
	138	472	740 1,382 1,243
	5,711	1,124	1,756 12,181 4,279
	(125) 33 27 (8) 441 31 (524) 1,639		(166) (125) (15) 42 27 4 36 508 (324) 559 801 1,011
	(181) 1,695		471	1,211 676
	5,530 2,819		2,227	13,392 4,955
	679 679 - -		679 -	679 679 66,095 53,518
	(not annualised) (not annualised)		(not annualised)	( annualised) ( annualised)
	84.11 16.55		27.53	179.40 67.32

See accompanying notes to the financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Consolidated Financial Results for the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024

Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024	Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024	Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024	Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024	Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024	Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024	Statement of Audited Consolidated Financial Results fr the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024
Annexure I : Statement of Consolidated segment wise revenue, results, assets and liabilities for the quarter and years ended 31 March 2024 (INR inlakhs, except asotherise stated)
SI.No. Particulars		3 months ended 31 March 2024 (Unaudited) (Refer note 7)	Preceding 3 months ended 31 December 2023 (Unaudited)	Corresponding 3 months ended in previous period 31 March 2023 (Unaudited) (Refer note 7)	Year to date figure for the current year ended 31 March 2024 (Audited)	Previous year ended 31 March 2023 (Audited)
1 2 3 4	Segment revenue a) Hydraulics b) Aerospace c) Metallurgy d) Others Revenue fom operations Segment results [proft/ (loss) befre finance costs, other income and tax from each segment] a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Total Unallocable - Finance costs - Other income - Exceptional income Proft before tax Segment assets a) Hydraulics b) Aerospace c) Metallurg d) Others e) Unallocated Segment assets f) Assets classified as held for sale (Refer Note 3) Total assets Segment liabilities a) Hydraulics b) Aerospace c) Metallurg d) Others e)Unallocated	12,248 14,193 10,598 2	10,835 13,458 10,255 3	11,868 11,936 12,984 -	44,834 51,009 47,081 9	46,166 43,737 41,661 13
		37,041 392 3,452 (199) (293) (795	34,551 598 2,814 (228) (189) (650)	36,788 1,845 2,199 711 (764) (699)	1,42,933 2,547 9,331 1,010 (775) (2,808'	1,31,577 7,502 7,905 (42) (1,336) _(2,945) _
		2,557 (1,752) 576 4,468	2,345 (1,637) 888 -	3,292 (1,512) 716 -	9,305 (6,255) 4,282 6,231	11,084 (6,538) 976 -
		5,849 44,295 75,597 25,008 4,812 7,513	1,596 43,844 73,871 28,526 3,144 6,592	2,496 41,510 66,775 29,959 5,520 17,554	13,563 44,295 75,597 25,008 4,812 7,513	5,522 41,510 66,775 29,959 5,520 17,554
		1,57,225 -	1,55,977 5,562	1,61,318 5,562	1,57,225 -	1,61,318 5,562
		1,57,225	1,61,539	1,66,880	1,57,225	1,66,880
		23,596 12,900 5,750 787 47,418	23,880 14,242 4,963 750 56,121	22,553 11,844 I 1,857 2,588 63,841	23,596 12,900 5,750 787 47,418	22,553 11,844 11,857 2,588 63,841
	Seement liabilities	90,451	99,956	1,12,683	90,451	1,12,683

See accompanying notes to the financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Consolidated Financial Results for the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024

Consolidated balance sheet

Consolidated balance sheet
	*(JNR. I kl* IllaIs ece �t as ot Ier1se stated)
Particulars	As at As at 31 March 2024 31 March 2023 (Audited) (Audited)
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 ta 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 fnancial assets c) Other current assets Total current assets Assets classifed as held fr sale	57,292 2,434 9,397 998 10,034 33 676 606 273	44,338 2,449 10,473 7,852 10,910 33 1,267 593 648
	81,743 30,564 29,882 5,083 1,058 129 1,208 7,558	78,563 29,988 25,766 13,783 2,303 86 1,022 9,807
	75,482 -	82,755 5,562
Total Assets	1,57,225 679 66,095	1,66,880 679 53,518
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) Borrowings (ii) Trade Payables (a) total outstanding dues of micro and small enterprises (b) total outstanding dues of creditors other than micro and small enterprises (iii) Lease liabilities (iv) Other financial liabilities b) Provisions c) Current tax liabilities (net) d) Other current liabilities Total current liabilities Total liabilities Total equity and liabilities
	66,774 19,319 10,264 - 2,847 268 96	54,197 22,529 10,584 500 3,193 229 313
	32,794 26,497 1,295 17,220 2,429 5,757 1,310 1,461 1,688	37,348 39,311 2,313 20,630 2,930 6,530 921 802 1,898
	57,657	75,335
	90,451	1,12,683 1,66,880
	1,57,225

See accompanying notes to these financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Consolidated Financial Results for the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024

Consolidated Statement of cash flow for the year ended

Consolidated Statement of cash fow for the year ended	Consolidated Statement of cash fow for the year ended	Consolidated Statement of cash fow for the year ended
*INR in lakhs*
Particulars Proft befre tax afer exceptional gain Adjustments: Depreciation and amortisation on Property, plant and equipment and Intangible assets Amortisation of Right to use Assets Finance costs Interest on Lease liabilities Unrealised freig exchange differences Interest income Loss allowance on fnancial assets (net) Gain on sale of property, plant and equipment and Intangible assets, (net) Exceptional Items (Refr Note 5) Write back of Liabilities Unwinding offirvalue interest ondismantlingliability	31 March 2024 (Audited)	31 March 2023 (Audited)
	13,563 3,932 2,704 5,365 718 (205) (209) 115 (468) (6,231) (2,986) -	5,522 3,404 3,638 5,556 862 868 (231) 204 (30) - - 36
Operatine cash fow before workine capital chanees	16,298	19,829
Changes in operating assets and liabilities Changes in inventories (75) Changes in trade receivables (3,216) Changes in loans 17 Changes in other fnancial assets 458 Changes in other assets 1,990 Changes in trade payables (3,873) Changes in provisions (88) Changes in other fnancial liabilities (533) Changesinother currentliabilities (551)		(3,858) (4,735) 143 (402) (940) 519 89 1,509 1,753
Cash eeneratedfrom operations 10,427		13,907
Income taxespaid,net of refund (693)		(807)
Net cashgenerated from operating activities(A) 9,734		13,100
Cash fows from investing activities Purchase of property, plant and equipment and intangibles assets (7,488) Proceed from the sales of assets classifed as held for sale 10,710 Changes in bank deposits (having original maturity of more than three months), net 1,245 Interest incomereceived 151		(8,492) - (55) 251
Net cashgenerated from /(used in) investing activities (B) 4,618		(8,296)
Cash fows from financing activities Proceeds from issue of equity shares - Proceed from long term borrowings 16,411 Repayment of long term borrowings (27,595) Proceeds/(Repayment) fom short term borrowings (net) (1,731) Payment of Lease liabilities (3,453) Interest paid (5,926) Dividend paid (811)		11,291 4,770 (7,382) 8,854 (4,662) (5,451) (190)
Net cash eenerated from /(used in) financing activities (C) (23,105)		7,230
Net lncrease/(decrease) in cash and cash equivalents (A+ B + C) (8,753) Cash and cash equivalents at the beginning of the year 13,783 Efect of exchange rate changes on cash and cash equivalent 53		12,034 1,722 27
Cash and cash equivalents at the end of the year 5,083		13,783
Cash flows fom operating activities is arrived using indirect method. The above represents cash fows fom total operations.

DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308 JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIA DB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Consolidated Financial Results for the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024

Notes:

The above consolidated financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 28 May 2024. The results for the year ended 31 March 2024 has been audited and the quarter ended 31 March 2024 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has expressed an unmodified opinion on the financial results for the year ended 3 I March 2024 and has issued an unmodified conclusion in respect of the limited review for the quarter ended 31 March 2024.
2 Information on standalone financial results:

Infrmation on stadalone fnancial results:	Infrmation on stadalone fnancial results:	Infrmation on stadalone fnancial results:	Infrmation on stadalone fnancial results:	Infrmation on stadalone fnancial results:	Infrmation on stadalone fnancial results:
*(INR il lakls, ecept as otlerise stated)*
Particulars	3 months ended 31 March 2024 (Unaudited) (Refer note 7)	Preceding 3 months ended 31 December 2023 (Unaudited)	Corresponding 3 months ended in previous period 31 March 2023 (Unaudited) (Refer note7)	Year to date figure fr the current year ended 31 March 2024 (Audited)	Previous year ended 31 March 2023 (Audited)
a. Revenue	14,551	14,969	15,005	58,186	58,112
b. Proft before tax and exceptional items	1,500	1,930	1,915	5,498	4,382
c. Proft afer tax	6,379	1,422	1,037	9,449	2,915

3 On 6 January 2024, the Company has completed the sale of wind farm lands admeasuring 357.867 acres including building, situated at Varapatti Village, Sulur Taluk, Coimbatore, in favour of Tamil Nadu Industrial Development Corporation Limited (TIDCO), for the setting up of the Southern Defence Industrial Corridor for a compensation amount of lNR I 0, 7 I 0.8 I Lakhs. Accordingly the gain on the sale of Windfirm land & building of lNR 6,237 lakhs been recognised during the current quarter and presented under exceptional gain.

Additionally, the company has retained land measuring appx. 87 acres having greater strategic value for future development and accordingly the cost of 87 acres amounting to INR 1,089 Lakhs been re-classified from held to sale to property, plant and equipment.

4 As communicated earlier, as part of the group's strategy, the company's wholly owned step-down subsidiary, Eisenwerk Erla GmbH, Germany (EEG), is currently undergoing a transformation from automotive and foundry businesses to the aerospace business. Considering the various challenges involved, viz., the supply chain crisis at OEMs, current inflation in Europe, and the steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through the "Protective Shield Process by Self-Administration" under the applicable German Laws, and in this regard, a financial resolution plan was filed before the local court at Chemnitz, which got approved by creditors in favour of EEG. Consequent to this, the local court at Chemnitz passed its final order and ended the protective shield through self-administration proceedings effective ]st August 2023, and related credit balances and net gains were adjusted as follows:

• Rs. 2,544 Lakhs has been recognized in other income in the year ended March 31, 2024 (Rs. Nil in the quarter ended March 3 2024);

•R!s. 1,763 lakhs in exceptional items during the year ended March 31, 2024 (Rs. Nil in the quarter ended March 31, 2024).

Owing to the aforesaid corporate restructuring measures, JKM Erla Holdings GmbH, Germany (JKM Erla), a 100% Wholly Owned Subsidiary of JKM Erla Automotive Limited, India (JEAL), engaged in the business of setting up automotive component processing/manufacturing units and which in tum held I 00% share holdings in Eisenwerk Erla GmbH (EEG), was decided to be dismantled with the aim of streamlining the group holding structure in Germany, and accordingly an application has been made before appropriate authorities and is awaiting necessary order. The local court at Chemnitz has assigned the investments held by JKM Erla in EEG to JKM Erla Automotive Limited (JEAL), a wholly owned subsidiary of the Company. Accordingly, this reorganization does not have any impact on the financial results of the Group.

As part of the annual impairment assessment of goodwill, the Company has recognized an impairment loss of Rs. 1,335 lakhs in respect of its German operations in the quarter ended March 3 I, 2024.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KlADB AEROSPACE PARK, BANGALORE - 562 149, lNDlA Statement of Audited Consolidated Financial Results for the year ended 31 March 2024 and Unaudited Consolidated Financial Results for the quarter ended 31 March 2024

Notes:

Exceptional Items: Below is the summary of exceptional items lNR in Lakhs	Exceptional Items: Below is the summary of exceptional items lNR in Lakhs	Exceptional Items: Below is the summary of exceptional items lNR in Lakhs	Exceptional Items: Below is the summary of exceptional items lNR in Lakhs	Exceptional Items: Below is the summary of exceptional items lNR in Lakhs	Exceptional Items: Below is the summary of exceptional items lNR in Lakhs
Particulars	3 months ended 31 March 2024 (Unaudited) (Refer note7)	Preceding 3 months ended 31 December 2023 (Unaudited)	Corresponding 3 months ended in previous period 31 March 2023 (Unaudited) (Refer note7) -	Year to date figure for the current year ended 31 March 2024 (Audited)	Previous year ended 31 March 2023 (Audited)
a. Gains from sale of wind frm land (Refer Note 3)	6,237	-	-	6,237	-
b. Gains fom corporate restructuring in German subsidiary (Refer Note 4)		-	-	1,763	-
c. Impairment ofgoodwill(Refer Note 4)	(1,335)	~~-~~	~~-~~	(1,335)
d. Termination charges on Cross Currency Swap	(434)	-	-	(434)	-
Total	4,468	~~-~~	~~-~~	6,231	~~-~~

6 On 13 February 2024, the Board of Directors of the Company had declared an interim dividend of Rs.5 per equity share (50%) for the financial year 2023-24 and paid to the shareholders during the current quarter. The Board of Directors of the Company vide meeting dated 28 May 2024, have subject to approval of shareholders declared final dividend of INR 5 per equity shares (50%) for the financial year 2023-24 and the same will be disbursed to the shareholders after ensuing Annual General Meeting.

7 The figures for the quarter ended 31 March 2024 and 31 March 2023 are the balancing figures between the audited figures in respect of the full financial year ended 3 I March 2024 and 31 March 2023 and published year to date figures up to third quarter ended 31 December 2023 and 3 I December 2022 respectively.

for and on behalf of Board of Directors of Dynamatic Technologies Limited , �--::,....., ,,< Udayant Malhoutra CEO and Managing Di Date: 28 May 2024 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, 2024 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2024, 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, 2024 and Unaudited Standalone Financial Results for the quarter ended March 31, 2024” (“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, 2024:

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, 2024

With respect to the Standalone Financial Results for the quarter ended March 31, 2024, 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, 2024, 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, 2024

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, 2024 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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Page 1 of 3

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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, 2024 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, 2024 that give a true and fair view of the net profit/loss 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, 2024

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2024 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.

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Page 2 of 3

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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.

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.

(b) Review of the Standalone Financial Results for the quarter ended March 31, 2024

We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2024 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.

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: 24206920BKANYR8176

Bangalore, May 28, 2024

Page 3 of 3

DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC 0023 08

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PAR K, BANGALORE- 562149, INDIA Statement of Audited Standalone Financial Results for the year ended 31 March 2024 and Unaudited Standalone Financial Results for the quarter ended 31 March 2024

(INR i11 lakhs, except as otherwise stated)

			*_(_i11lakhs, ecept a oth***	*_(_i11lakhs, ecept a oth***	*erie stated*
SI. No. Particulars	Preceding 3 months ended 3 months ended 31 March 2024 31 December (Unaudited) 2023 (Refer note 6) (Unaudited)		Corresponding 3 Year to date months ended in fgure for the previous period current year 31 March 2023 ended (Unaudited) 31 March 2024 (Refer note 6) (Audited)		Previous year ended 31 March 2023 (Audited)
1 2 3 4 5 6 7 8 9 10 11 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 c) Employee benefts expense d) Finance costs e) Depreciation and amortisation expense f) Other expenses Total expenses (a+b+c+d+e+f) Profit befre tax and exceptional items (1 - 2) Exceptional Income/(loss) (Refer Note 4) Profit befre tax (3+4) Tax expense a) Current tax b) Deferred tax Total tax expense (a+b) Proft after tax (5 - 6) Other comprehensive income/(loss) (OCI) i) Items that wil not to be reclassiied subsequently to statement of proft and loss a) Remeasurement gain/(loss) on defined beneft plans b) Income tax relating to items that will not be reclassified to statement of profit and loss ii Items that will be reclassifed subsequently to Statement of proft and loss a) Foreign currency fuctuations under cash flow hedge - gain/(loss) Other comprehensive income/ (loss) for the period, net of tax Total comprehensive income for the year (7+8) Paid-up equity share capital (fcevalueof INR 10/- each) Reserves (Other equity) Earnings per equity share Basic and Diluted(IR)	14,551 14,969 554 872		15,005 58,186 384 1,830		58,112 536
	15,105 15,841 15,389 60,016 8,008 7,684 6,729 29,400 (1,720) (480) 188 (1,615) 2,311 2,197 2,077 8,492 1,425 1,329 1,096 5,026 750 614 485 2,410 2,831 2,567 2,899 10,805				58,648 27,207 (189) 9,218 5,158 2,419 10,453
	13,605	13,911 13,474 54,518			54,266
	1,500	1,930 1,915 5,498			4,382
	5,132	- - 5,132			-
	6,632	1,930 1,915 10,630			4,382
	502 (249)	478 862 30 16		1,478 1,582 (297) (1 I 5)
	253	508 878		1,181 1,467
	6,379 (90) 22 441	1,422 1,037 9,449 2,915 15 (166) (108) (15) (3) 42 27 4 31 36 508 (324)
	373	43	(88) 427		(335)
	6,752	1,465	949 9,876		2,580
	679 - (not annualised)	679 -	679 -	679 59,365	679 50,304
		(not annualised)	(not annualised)	(annualised)	(annualised)
	93.95	20.94	16.24	139.16	45.86

See accompanying notes to these financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED

CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Standalone Financial Results for the year ended 31 March 2024 and Unaudited Standalone Financial Results for the quarter ended 31 March 2024

Annexure I : Statement of standalone segment wise revenue, results, assets and liabilities for the quarter and years ended 31 March 2024 (INR in lakhs, except as otherwise stated)

			*(in lakh*	*s, ecet a oth*	*erise stated)*

SI. No. Particulars	3 months ended 31 March 2024 (Unaudited) (Refer note 6)	Preceding 3 months ended 31 December 2023 (Unaudited)	Corresponding 3 months ended in previous period 31 March 2023 (Unaudited) (Refer note 6)	Year to date figure fr the current year ended 31 March 2024 (Audited)	Previous year ended 31 March 2023 (Audited)
1 2 3 4 Segment revenue a) Hydraulics b) Aerospace c) Others Revenue from operations Segment results [profit/ (loss) before fnance costs, other income and tax from each segment] a) Hydraulics b) Aerospace c) Others d) Unallocated Total Unallocable - Finance Cost - Other income - Exceptional Income/(loss) (Refer Note 4) Proft before tax Segment Assets a) Hydraulics b) Aerospace c) Others d) Unallocated Segment assets e) Assets classified as held fr sale (Refer note 2) Total assets Segment Liabilities a) Hydraulics b) Aerospace c) Others d) Unallocated Total Segment Liabilities	6,624 6,941 7,925 8,025 2 3		7,970 7,029 6	29,348 33,544 28,829 24,558 9 10
	14,551 14,969 770 783 2,618 2,456 (222) (202) (795) (650)		15,005 1,553 1,917 (153) _(690) _	58,186 58,112 4,195 6,738 8,042 5,743 (735) (541) (2,808) (2,936)
	2,371 2,387 (1,425) (1,329) 554 872 5,132 -		2,627 8,694 9,004 (1,096) (5,026) (5,158) 384 1,830 536 - 5,132 -
	6,632 1,930 19,480 19,772 47,153 48,337 1,708 584 48,861 46,980		1,915 10,630 4,382 17,274 19,480 17,274 45,046 47,153 45,046 628 1,708 628 48,495 48,861 48,495
	1,17,202 1,15,673 - 5,562		1,11,443 1,17,202 1,11,443 5,562 - 5,562
	1,17,202	1,21,235	1,17,005 1,17,202		1,17,005
	11,141 4,455 756 40,806	I 1,631 4,622 730 50,622	10,263 11,141 10,263 4,555 4,455 4,555 712 756 712 50,492 40,806 50,492
	57,158	67,605	66,022 57,158 66,022

See accompanying notes to the financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562149, INDIA Statement of Audited Standalone Financial Results for the year ended 31 March 2024 and Unaudited Standalone Financial Results for the quarter ended 31 March 2024

Standalone balance sheet

	*(INR in lakhs, ecept as otherwise stated)*	*(INR in lakhs, ecept as otherwise stated)*
Particulars	As at 31 March 2024 (Audited'	As at 31 March 2023 (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) Loan (iii) 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 fnancial assets c) Other current assets Total current assets d) Assets classified as held for sale (Refer note 2) 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) Deferred tax liabilities (net) Total non-current liabilities Current liabilities a) Financial liabilities (i) Borrowings (ii) Trade Payables (a) total outstanding dues of micro and small enterprises (b) total outstanding dues of creditors other than micro and small enterprises (iii) Lease liabilities (iv) Other financial liabilities b) Provisions c) Current income tax liabilities (net) d) Other current liabilities Total current liabilities Total Liabilities Total Equity and Liabilities	30,359 276 119 1,760 37,663 6,859 455 226 273	20,224 280 7,097 978 34,834 - 681 380 643
	77,990 11,919 20,688 519 1,058 88 1,225 3,715	65,117 10,898 16,263 9,505 2,303 76 1,271 6,010
	39,212 -	46,326 5,562
	1,17,202 679 59,365 60,044 16,423 1,297 - 2,168 3,454	1,17,005 679 50,304 50,983 21,075 550 500 2,536 3,778
	23,342 19,156 1,198 9,278 629 1,681 375 1,038 461	28,439 23,612 2,307 .7,997 723 1,596 321 800 227
	33,816	37,583
	57,158	66,022
	1,17,202	1,17,005

See accompanying notes to these financial results.

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE- 562149, INDIA Statement of Audited Standalone Financial Results for the year ended 31 March 2024 and Unaudited Standalone Financial Results for the quarter ended 31 March 2024

Standalone statement of cash flow for the year ended

Unaudited Standalone Financial Results fr the quarter Standalone statement of cash fow fr the year ended	ended 31 March 2024	ended 31 March 2024	ended 31 March 2024
	*INR in lakhs* 31 March 2024 31 March 2023 (Audited) (Audited) 10,630 4,382 1,686 1,341 724 1,078 4,630 4,747 224 291 (360) 793 .(720) (228) 115 136 (5,132) - (468) (30) - 36 11,329 12,546 (1,021) (738) (4,451) (2,106) (12) 14 808 324 2,103 (561) 178 1,373 (395) (445) 226 165 234 13 8,999 10,585 (1,086) (,156' 7,913 9,429 (3,205) (6,182) 10,710 - 485 - (6,859) - (3,500) (1,025) 1,245 (55) 150 248 (974) (7,014) - 11,291 16,411 4,645 (26,721) (5,937) 1,467 2,664 (1,080) (1,598) (5,191) (4,452) (811) (190) (15,925) 6,423 (8,986) 8,838 9,505 667 519 9,505
Particulars		31 March 2024 31 March 2023 (Audited) (Audited)
Proft before tax afer exceptional gain Adjustments: Depreciation and amortisation on Property, plant & equipment and intangible assets Amortisation of Right-of-use assets Finace costs Interest on lease liabilities Unrealised freign exchange differences Interest income Loss allowance on financial assets, net Exceptional Items (Refr Note No 4) Gain on sale of property, plant and equipment and intangible assets, net Unwindingof fair value intereston dismantlingliability		10,630 4,382 1,686 1,341 724 1,078 4,630 4,747 224 291 (360) 793 .(720) (228) 115 136 (5,132) - (468) (30) - 36
Operating cash fow before working capital changes		11,329 12,546
Changes in operating assets and liabilities Changes in inventories Changes in trade receivables Changes in loans Changes in other fnancial assets Changes in other assets Changes in trade payables Changes in provisions Changes in other financial liabilities Changes in other currentliabilities		(1,021) (738) (4,451) (2,106) (12) 14 808 324 2,103 (561) 178 1,373 (395) (445) 226 165 234 13
Cash generated from operations Incometaxespaid,netof refund		8,999 10,585 (1,086) (,156'
Netcashgenerated from operating activities(A)		7,913	9,429
Cash fows from investing activities Purchase of property, plant and equipment and intangibles assets Proceed from the sales of assets classifed as held for sale Proceed fom the sales of other property, plant and equipment Inter-company loan provided to subsidiary company Additional investment in equity shares of subsidiary company Changes in bank deposits (having original maturity of more than three months), net Interestincomereceived		(3,205) 10,710 485 (6,859) (3,500) 1,245 150	(6,182) - - - (1,025) (55) 248
Net cash used in investing activities (B)		(974)	(7,014)
Cash fows fom financing activities Proceeds from issue of equity shares Proceed fom long term borrowings Repayment of long term borrowings Proceeds/(Repayment) fom short term borrowings, net Payment of Lease liabilities Interest paid Dividend paid		- 16,411 (26,721) 1,467 (1,080) (5,191) (811)	11,291 4,645 (5,937) 2,664 (1,598) (4,452) (190)
Net cash generated from /(used in) financing activities (C) Net increase/(decrease) in cash and cash equivalents (A+ B +C) Cash and cash equivalents at the beginningof theyear		(15,925) (8,986) 9,505	6,423 8,838 667
Cash and cash equivalents at the end of the year		519	9,505
Cash fows fom operating activities is arrived using indirect method. The above represents cash flows from total operations.

DYNAMATIC TECHNOLOGIES LIMITED

CfN: L72200KAI973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA Statement of Audited Standalone Financial Results for the year ended 31 March 2024 and Unaudited Standalone Financial Results for the quarter ended 31 March 2024

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 28 May 2024. The results for the year ended 31 March 2024 has been audited and the quarter ended 31 March 2024 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has expressed an unmodified opinion on the financial results for the year ended 31 March 2024 and has issued an unmodified conclusion in respect of the limited review for the quarter ended 31 March 2024.
2 On 6 January 2024, the Company has completed the sale of wind farm lands admeasuring 357.867 acres including building, situated at Varapatti Village, Sulur Taluk, Coimbatore, in favour of Tamil Nadu Industrial Development Corporation Limited (TIDCO), for the setting up of the Southern Defence Industrial Corridor for a compensation amount of fNR 10,710.81 Lakhs. Accordingly the gain on the sale of Wind firm land & building of fNR 6,237 lakhs been recognised during the current quarter and presented under exceptional gain.
Additionally, the company has retained land measuring appx. 87 acres having greater strategic value for future development and accordingly the cost of 87 acres amounting to INR 1,089 Lakhs been re-classified from held to sale to property, plant and equipment.
3 As part of the group's strategy, the company's wholly owned step-down subsidiary, Eisenwerk Erla GmbH, Germany (EEG), is currently undergoing a transfonnation from automotive and foundry businesses to the aerospace business. Considering the various challenges involved, viz., the supply chain crisis at OEMs, current inflation in Europe, and the steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through the "Protective Shield Process by Self-Administration" under the applicable German Laws, and m this regard, a financial resolution plan was filed before the local court at Chemnitz, which got approved by creditors in favour of EEG Consequent to this, the local court at Chemnitz passed its final order and ended the protective shield through self administration proceedings effective O I August 2023.

The local court at Chemnitz has assigned the investments held by JKM Erla in EEG to JKM Erla Automotive Limited (JEAL), a wholly owned subsidiary of the Company. Accordingly, this reorganization does not have any impact on the financial results of the Group.

As part of the annual impairment assessment of Investments, the Company has recognized an impairment provision of Rs. 671 lakhs in respect of its investment in Germany.


4	Exceotional Items: Below is the summary of exceptional Item		s lNR in Lakhs
	Particulars	3 months ended 31 March 2024 (Unaudited) (Refer note 6)	Corresponding 3 Preceding months ended in 3 months ended previous period 31 December 2023 3 I March 2023 (Unaudited) (Unaudited) (Refernote 6)	Year to date figure fr the current year ended 31 March 2024 (Audited)	Previous year ended 3 I March 2023 (Audited)
	a. Gams from sale of wind farm land (Refer Note 2)	6,237	-	6,237	-
	b. Impairment Provision towards JEAL Investment(Refer Note 3)	(671)	~~-~~ ~~-~~	(671)	~~-~~
	c. Termination charges on Cross Curreny Swap	(434)	~~-~~ ~~-~~	(434)	~~-~~
	Total	5,132	~~-~~ ~~-~~	5,132	~~-~~

5 On 13 February 2024, the Board of Directors of the Company had declared an interim dividend of Rs.5 per equity share (50%) for the financial year 2023-24 and paid to the shareholders during the current quarter.

The Board of Directors of the Company vide meeting dated 28 May 2024, have subject to approval of shareholders declared final dividend of INR 5 per equity shares (50%) for the financial year 2023-24 and the same will be disbursed to the shareholders after ensuing Annual General Meeting.

6 The figures for the quarter ended 31 March 2024 and 31 March 2023 are the balancing figures between the audited figures in respect of the full financial year ended 31 March 2024 and 3 I March 2023 and published year to date figures up to third quarter ended 31 December 2023 and 31 December 2022 respectively.

for and on behalf of Board of Directors of