AI assistant
Dynamatic Technologies Ltd. Board/Management Information 2026
60708_rns_2026-05-19_3f38fd82-7efd-447d-9ac3-f7dafdd24c77.pdf
Board/Management Information
Open in viewerOpens in your device viewer
DYNAMATIC TECHNOLOGIES LIMITED
D
$19^{\text{th}}$ May 2026
Corporate Relations Department,
Bombay Stock Exchange Limited,
Phiroze Jeejeebhoy Towers
Dalal Street, Fort, Mumbai - 400 001
Scrip Code: 505242
Listing Department,
National Stock Exchange of India Limited
“Exchange Plaza”, Bandra-Kurla Complex,
Bandra East, Mumbai 400 051.
Scrip Code: DYNAMATECH
Dear Sir/Madam,
Sub: Outcome of the Board meeting held on 19th May 2026
Ref: Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Further to our letter dated $9^{\text{th}}$ May 2026, we wish to inform you that the significant matters arising from the Board Meeting of Dynamic Technologies Limited (‘the Company’) held today i.e., $19^{\text{th}}$ May 2026, at JKM Plaza, Dynamic Aerotropolis, 55, KIADB Aerospace Park, Bangalore 562149, are as follows:
-
The Board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended $31^{\text{st}}$ March 2026. Copy of the audited financial results has been enclosed as Annexure - I.
-
Pursuant to Regulation 33(3)(d) of the SEBI Listing Regulations, 2015, we hereby declare that the Independent Auditors’ Report on the Annual accounts of the Company for the year ended $31^{\text{st}}$ March 2026, issued by M/s Deloitte Haskins & Sells, LLP, Statutory Auditors, contains an unmodified opinion.
-
The Board noted the resignation of Mr. Dietmar Hahn, bearing DIN: 06414463, from the post of Non-Executive & Non-Independent Director with effect from $19^{\text{th}}$ May 2026.
Details required to be disclosed under Regulation 30 read with Schedule III - Para A of Part A of the SEBI Listing Regulations, and SEBI Circulars issued in this regard, are enclosed as Annexure - II along with the Resignation Letter.
Registered Office
Dynamatic Technologies Limited
JKM Plaza Dynamic Aerotropolis
55 KIADB Aerospace Park
Bangalore 562 149 India
Tel +91 80 2111 1223 +91 80 2204 0535
www.dynamatics.com
Corporate Identity Number: L72200KA1973PLC002308
DYNAMATIC TECHNOLOGIES LIMITED
D
- Re-appointment of Dr. Udayant Malhoutra (DIN: 00053714) as CEO and Managing Director of the Company for a period of 5 years with effect from 1st October 2026 till 30th September 2031, subject to approval of the Members of the Company.
Details required to be disclosed under Regulation 30 read with Schedule III - Para A of Part A of the SEBI Listing Regulations, and SEBI Circulars issued in this regard, are enclosed as Annexure - III.
- The Board recommended Final Dividend of Rs. 5/- per equity share of Rs.10/- each for the financial year ended 31st March 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting ('AGM') of the Company; such Dividend, if declared, will be paid within 30 days 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 9th February 2026, the total dividend for the financial year ended 31st March 2026 would be Rs. 10/- per equity share.
b) fixed 28th August 2026, 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 51st AGM of the Company will be advised in due course.
The meeting of the Board of Directors held today commenced at 15:45 IST and concluded at 20:00 IST.
The aforesaid information is also available on the website of the company at www.dynamatics.com.
We request you to kindly take the above information on records.
Thanking you,
Yours faithfully,
For Dynamic Technologies Limited
Shivaram V
Chief Legal Officer and Company Secretary
Membership No.: ACS 19173
Registered Office
Dynamic Technologies Limited
JKM Plaza Dynamic Aerotropolis
55 KIADB Aerospace Park
Bangalore 562 149 India
Tel +91 80 2111 1223 +91 80 2204 0535
www.dynamatics.com
Corporate Identity Number: L72200KA1973PLC002308
Annexure-I
Deloitte Haskins & Sells LLP
Chartered Accountants
Prestige Trade Tower, Level 19
46, Palace Road, High Grounds
Bengaluru – 560 001
Karnataka, India
Tel: +91 80 6188 6000
Fax: +91 80 6188 6011
INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED
Opinion and Conclusion
We have (a) audited the Consolidated Financial Results for the year ended March 31, 2026 and (b) reviewed the Consolidated Financial Results for the quarter ended March 31, 2026, which were subject to limited review by us, both included in the accompanying "Statement of Consolidated Financial Results for the Quarter and Year Ended March 31, 2026" of DYNAMATIC TECHNOLOGIES LIMITED (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as the "Group"), for the quarter and year ended March 31, 2026 (the "Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR 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 information of subsidiaries referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 31, 2026:
(i) includes the financial results of the following entities:
- Dynamatic Technologies Limited – Holding Company
- JKM Research Farm Limited, India – Subsidiary
- JKM Global Pte. Limited, Singapore – Subsidiary
- JKM Erla Automotive Limited, India – Subsidiary
- Dynamatic Manufacturing Limited, India – Subsidiary
- Dynamatic Limited UK – Step down subsidiary
- Dynamatic LLC, US – Step down subsidiary
- Yew Tree Investments Limited UK – Step down subsidiary
- Eisenwerk Erla GmbH Germany – Step down subsidiary
(ii) are 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 other comprehensive income and other financial information of the Group for the year ended March 31, 2026.
Regd Office :31st Floor, Tower 3, One International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013
Deloitte Haskins & Sells LLP
(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 31, 2026
With respect to the Consolidated Financial Results for the quarter ended March 31, 2026, 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, 2026, 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, 2026
We conducted our audit in accordance with the Standards on Auditing ("SA"s) 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, 2026 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 and Board of Directors' Responsibilities for the Statement
This Statement, which includes the Consolidated Financial Results is the responsibility of the Holding Company's Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended March 31, 2026, 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, 2026 that give a true and fair view of the consolidated net profit/loss 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 LODR 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 Holding Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
Page 2 of 5
Deloitte
Haskins & Sells LLP
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, 2026
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended March 31, 2026 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 LODR 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 LODR Regulations to the extent applicable.
- Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results/ Financial Information of the entities within the Group to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Annual Consolidated Financial Results, which have been audited by 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.
Page 3 of 5
Deloitte Haskins & Sells LLP
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 Holding Company 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, 2026
We conducted our review of the Consolidated Financial Results for the quarter ended March 31, 2026 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 five subsidiaries included in the consolidated financial results, whose financial statements reflect total assets of Rs. 106,378 Lakhs as at March 31, 2026 and total revenues of Rs. 20,747 Lakhs and Rs. 80,828 Lakhs for the quarter and year ended March 31, 2026 respectively, total net loss after tax of Rs. 342 Lakhs and total net profit after tax of Rs. 524 Lakhs for the quarter and year ended March 31, 2026 respectively and other comprehensive income of Rs. Nil for the quarter and year ended March 31, 2026 and net cash inflows of Rs. 1,641 Lakhs for the year ended March 31, 2026, as considered in the Statement. These financial statements have been audited/ reviewed, as applicable, 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.
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.
Page 4 of 5
Deloitte Haskins & Sells LLP
- The consolidated financial results includes the unaudited financial statements of one subsidiary, whose financial statements reflect total assets of Rs. 17,726 Lakhs as at March 31, 2026 and total revenues of Rs. 100 Lakhs and Rs. 1,160 Lakhs for the quarter and year ended March 31, 2026 respectively, total net loss after tax of Rs. 175 Lakhs and total net profit after tax of Rs. 165 Lakhs for the quarter and year ended March 31, 2026 respectively and other comprehensive income of Rs. Nil for the quarter and year ended March 31, 2026 and net cash inflows of Rs. 8 Lakhs for the year ended March 31, 2026, 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 certified by the Board of the Directors.
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm's Registration No. 117366W/W-100018)
Sathya P. Koushik
Partner
(Membership No. 206920)
UDIN: 26206920TBAFGV5085
Bangalore, May 19, 2026
Page 5 of 5
DYNAMATIC TECHNOLOGIES LIMITED
CIN: L72200KA1973PLC002308
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA
Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
(INR in lakhs, except as otherwise stated)
| Sl. No. | Particulars | 3 months ended 31 March 2026 (Unaudited) (Refer Note 6) | Preceding 3 months ended 31 December 2025 (Unaudited) | Corresponding 3 months ended in previous period 31 March 2025 (Unaudited) (Refer Note 6) | Year to date figure for the current year ended 31 March 2026 (Audited) | Previous year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a) Revenue from operations | 43,316 | 42,487 | 38,067 | 1,62,134 | 1,40,380 | |
| b) Other income | 692 | 588 | 1,258 | 2,971 | 2,280 | |
| 2 | Total income (a+b) | 44,008 | 43,075 | 39,325 | 1,65,105 | 1,42,660 |
| Expenses | ||||||
| a) Cost of materials and components consumed | 23,423 | 22,665 | 17,402 | 84,202 | 64,694 | |
| b) Change in inventory of finished goods and work-in-progress | (1,479) | (1,178) | 919 | (2,829) | 665 | |
| c) Employee benefits expenses | 8,481 | 8,442 | 8,622 | 32,796 | 31,997 | |
| d) Finance costs | 1,448 | 1,407 | 1,398 | 5,801 | 5,672 | |
| e) Depreciation and amortisation expenses | 1,935 | 1,965 | 1,725 | 7,662 | 6,929 | |
| f) Other expenses | 8,030 | 7,553 | 7,330 | 29,697 | 27,192 | |
| Total expenses (a+b+c+d+e+f) | 41,838 | 40,854 | 37,396 | 1,57,329 | 1,37,149 | |
| 3 | Profit before tax and Exceptional items (1 - 2) | 2,170 | 2,221 | 1,929 | 7,776 | 5,511 |
| 4 | Exceptional items (Refer Note 3 & 4) | 642 | 1,427 | - | 2,757 | - |
| 5 | Profit before tax (3 - 4) | 1,528 | 794 | 1,929 | 5,019 | 5,511 |
| 6 | Tax expense/(credit) (Refer note 3) | |||||
| a) Current tax | 185 | 535 | 468 | 1,814 | 1,270 | |
| b) Deferred tax | 87 | (318) | (148) | (36) | (63) | |
| Total tax expense (a+b) | 272 | 217 | 320 | 1,778 | 1,207 | |
| 7 | Profit after tax (5 - 6) | 1,256 | 577 | 1,609 | 3,241 | 4,304 |
| 8 | Other comprehensive income/(loss) (OCI) | |||||
| i) Items that will not be reclassified subsequently to statement of profit and loss | ||||||
| a) Remasturement gain/(loss) on defined benefit plans | 72 | (76) | (381) | (39) | (414) | |
| b) Income tax relating to items that will not be reclassified to statement of profit and loss | (17) | 19 | 86 | (11) | 91 | |
| ii) Items that will be reclassified subsequently to Statement of profit and loss | ||||||
| a) Exchange differences in translating financial statements of foreign operations | 950 | 416 | 1,512 | 4,751 | 1,470 | |
| Other comprehensive income/(loss) for the period, net of tax | 1,005 | 359 | 1,217 | 4,701 | 1,147 | |
| 9 | Total comprehensive income for the period (7+8) | 2,261 | 936 | 2,826 | 7,942 | 5,451 |
| 10 | Paid-up equity share capital (face value of INR 10/- each) | 679 | 679 | 679 | 679 | 679 |
| 11 | Reserves (Other equity) | - | - | - | 78,673 | 71,071 |
| Earnings per equity share | (not annualised) | (not annualised) | (not annualised) | (annualised) | (annualised) | |
| Earnings per share Basic and diluted (INR) | 18.50 | 8.50 | 23.70 | 47.73 | 63.39 |
See accompanying notes to the financial results.
DYNAMATIC TECHNOLOGIES LIMITED
CIN: L72200KA1973PLC002308
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA
Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
Annexure I : Statement of Consolidated segment wise revenue, results, assets and liabilities
for the quarter and year ended 31 March 2026
(INR in lakhs, except as otherwise stated)
| Sl. No. | Particulars | 3 months ended 31 March 2026 (Unaudited) (Refer Note 6) | Preceding 3 months ended 31 December 2025 (Unaudited) | Corresponding 3 months ended in previous period 31 March 2025 (Unaudited) (Refer Note 6) | Year to date figure for the current year ended 31 March 2026 (Audited) | Previous year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Segment revenue | |||||
| a) Hydraulics | 13,123 | 12,374 | 11,048 | 48,738 | 45,804 | |
| b) Aerospace | 21,020 | 21,397 | 17,280 | 77,561 | 60,785 | |
| c) Metallurgy | 9,155 | 8,714 | 9,443 | 35,810 | 33,483 | |
| d) Others | 18 | 2 | 296 | 25 | 308 | |
| Revenue from operations | 43,316 | 42,487 | 38,067 | 1,62,134 | 1,40,380 | |
| 2 | Segment results [profit/ (loss) before finance costs, other income and tax from each segment] | |||||
| a) Hydraulics | 686 | 1,030 | (516) | 2,146 | 1,145 | |
| b) Aerospace | 3,267 | 3,394 | 3,363 | 13,239 | 11,863 | |
| c) Metallurgy | (38) | (410) | 49 | (1,099) | (296) | |
| d) Others | (22) | (124) | 127 | (502) | (488) | |
| e) Unallocated | (967) | (850) | (954) | (3,178) | (3,321) | |
| Total | 2,926 | 3,040 | 2,069 | 10,606 | 8,903 | |
| Unallocable | ||||||
| - Finance costs | (1,448) | (1,407) | (1,398) | (5,801) | (5,672) | |
| - Other income | 692 | 588 | 1,258 | 2,971 | 2,280 | |
| - Exceptional Items (Refer Note 3 & 4) | (642) | (1,427) | - | (2,757) | - | |
| Profit before tax | 1,528 | 794 | 1,929 | 5,019 | 5,511 | |
| 3 | Segment assets | |||||
| a) Hydraulics | 34,903 | 36,520 | 34,009 | 34,903 | 34,009 | |
| b) Aerospace | 1,06,443 | 1,02,126 | 93,960 | 1,06,443 | 93,960 | |
| c) Metallurgy | 27,890 | 27,394 | 25,256 | 27,890 | 25,256 | |
| d) Others | 7,870 | 7,026 | 5,375 | 7,870 | 5,375 | |
| e) Unallocated | 7,847 | 6,764 | 6,428 | 7,847 | 6,428 | |
| Total Segment assets | 1,84,953 | 1,79,830 | 1,65,028 | 1,84,953 | 1,65,028 | |
| 4 | Segment liabilities | |||||
| a) Hydraulics | 20,936 | 24,928 | 20,942 | 20,936 | 20,942 | |
| b) Aerospace | 22,887 | 21,190 | 21,702 | 22,887 | 21,702 | |
| c) Metallurgy | 5,668 | 4,824 | 4,476 | 5,668 | 4,476 | |
| d) Others | 582 | 544 | 304 | 582 | 304 | |
| e) Unallocated | 55,528 | 50,913 | 45,854 | 55,528 | 45,854 | |
| Total Segment liabilities | 1,05,601 | 1,02,399 | 93,278 | 1,05,601 | 93,278 |
See accompanying notes to the financial results.
M
Statement of Consolidated assets and liabilities:
| Particulars | As at
31 March 2026
(Audited) | As at
31 March 2025
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| a) Property plant and equipment | 64,010 | 58,541 |
| b) Right-of-use assets | 7,513 | 9,172 |
| c) Capital work in progress | 716 | 1,816 |
| d) Goodwill | 10,499 | 9,802 |
| e) Other intangible assets | 2,426 | 2,568 |
| f) Intangible assets under development | 3,536 | 1,071 |
| g) Financial assets | | |
| (i) Investments | 33 | 33 |
| (ii) Other financial assets | 622 | 681 |
| h) Income tax assets (net) | 2 | 528 |
| i) Other non-current assets | 3,083 | 399 |
| Total non - current assets | 92,440 | 84,611 |
| Current assets | | |
| a) Inventories | 41,184 | 34,662 |
| b) Financial assets | | |
| (i) Trade receivables | 31,845 | 28,935 |
| (ii) Cash and cash equivalents | 5,252 | 3,311 |
| (iii) Bank balances other than cash and cash equivalents above | 1,513 | 1,279 |
| (iv) Loans | 216 | 195 |
| (v) Other financial assets | 105 | 354 |
| c) Other current assets | 12,398 | 11,681 |
| Total current assets | 92,513 | 80,417 |
| Total Assets | 1,84,953 | 1,65,028 |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| a) Equity share capital | 679 | 679 |
| b) Other equity | 78,673 | 71,071 |
| Total equity | 79,352 | 71,750 |
| Liabilities | | |
| Non-current liabilities | | |
| a) Financial liabilities | | |
| (i) Borrowings | 24,936 | 17,524 |
| (ii) Lease liabilities | 8,401 | 9,447 |
| b) Provisions | 5,056 | 3,389 |
| c) Deferred tax liabilities (net) | 89 | 114 |
| d) Other non-current liabilities | 100 | 96 |
| Total non-current liabilities | 38,582 | 30,570 |
| Current liabilities | | |
| a) Financial liabilities | | |
| (i) Borrowings | 28,002 | 27,580 |
| (ii) Lease liabilities | 2,450 | 2,574 |
| (iii) Trade payables | | |
| (a) total outstanding dues of micro and small enterprises | 3,537 | 1,886 |
| (b) total outstanding dues of creditors other than micro and small enterprises | 22,039 | 21,124 |
| (iv) Other financial liabilities | 6,143 | 5,611 |
| b) Other current liabilities | 1,419 | 1,712 |
| c) Provisions | 1,808 | 1,226 |
| d) Current tax liabilities (net) | 1,621 | 995 |
| Total current liabilities | 67,019 | 62,708 |
| Total liabilities | 1,05,601 | 93,278 |
| Total equity and liabilities | 1,84,953 | 1,65,028 |
See accompanying notes to these financial results.
M
Statement of Consolidated cash flows:
INR in lakhs
| Particulars | For the year ended 31 March 2026 (Audited) | For the year ended 31 March 2025 (Audited) |
|---|---|---|
| Operating activities | ||
| Profit before tax after exceptional items | 5,019 | 5,511 |
| Adjustments: | ||
| Depreciation and amortisation expense on property, plant and equipment and intangible assets | 5,278 | 4,423 |
| Amortisation expense on Right-of-use assets | 2,384 | 2,506 |
| Finance costs | 5,184 | 4,875 |
| Interest expense on lease liabilities | 617 | 679 |
| Exceptional Items (Refer Note 3 & 4) | 2,757 | - |
| Unrealised foreign exchange differences loss/(gain) (net) | (1,367) | 136 |
| Interest income | (123) | (115) |
| Interest income on income tax refund | (98) | - |
| Net loss allowance on financial assets | 278 | 6 |
| Loss on sale of property, plant and equipment (net) | 64 | 40 |
| Write-back of liabilities | - | (699) |
| Gain on lease modification | - | (31) |
| Operating cash flow before movements in working capital | 19,993 | 17,331 |
| Changes in operating assets and liabilities: | ||
| Increase in inventories | (5,802) | (3,354) |
| Decrease/(Increase) in trade receivables | (3,039) | 1,610 |
| Decrease/(Increase) in loans | (10) | 264 |
| Decrease in other financial assets | 17 | 849 |
| Increase in other assets | (2,475) | (4,467) |
| Increase in trade payables | 2,769 | 3,826 |
| Increase in provisions | 698 | 24 |
| Decrease in other financial Liabilities | (273) | (158) |
| Increase/(Decrease) in other current liabilities | (1,419) | 172 |
| Cash generated from operations | 10,459 | 16,097 |
| Income taxes paid (net of refunds) | (925) | (1,664) |
| Net cash generated from operating activities (A) | 9,534 | 14,433 |
| Investing activities: | ||
| Purchase of property, plant and equipment and intangibles assets | (6,598) | (6,655) |
| Proceeds from sale of property, plant and equipment | 52 | - |
| Changes in bank deposits with original maturity of more than three months, net | (254) | (221) |
| Interest received | 113 | 173 |
| Net cash used in investing activities (B) | (6,687) | (6,703) |
| Financing activities: | ||
| Proceeds from long-term borrowings | 13,587 | 2,891 |
| Repayment of long term borrowings | (5,273) | (3,973) |
| Repayment of short-term borrowings (net) | (1,437) | (126) |
| Payment of lease liabilities | (2,909) | (3,091) |
| Interest paid | (5,030) | (4,863) |
| Dividends paid | (340) | (475) |
| Net cash used in financing activities (C) | (1,402) | (9,637) |
| Net decrease in cash and cash equivalents (A + B + C) | 1,445 | (1,907) |
| Cash and cash equivalents at the beginning of the year | 3,311 | 5,083 |
| Effect of exchange rate changes on cash and cash equivalent | 496 | 135 |
| Cash and cash equivalents at the end of the year | 5,252 | 3,311 |
Cash flows from operating activities is arrived using Indirect method.
M
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
Notes:
-
The above consolidated financial results of the Company as reviewed by the Audit Committee and has been approved by the Board of Directors at its meeting held on 19 May 2026. The results for the quarter and year ended 31 March 2026 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and year ended 31 March 2026.
-
Information on standalone financial results:
(INR in lakhs, except as otherwise stated)
| Particulars | 3 months ended 31 March 2026 (Unaudited) (Refer Note 6) | Preceding 3 months ended 31 December 2025 (Unaudited) | Corresponding 3 months ended in previous period 31 March 2025 (Unaudited) (Refer Note 6) | Year to date figure for the current year ended 31 March 2026 (Audited) | Previous year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| a. Revenue from operations | 20,552 | 21,826 | 17,321 | 78,393 | 63,918 |
| b. Profit before tax | 1,372 | 618 | 787 | 6,028 | 5,431 |
| c. Profit after tax | 1,025 | 412 | 1,018 | 4,447 | 5,066 |
- The Hydraulic Division of Dynamic Limited, UK (DLUK), a wholly owned subsidiary, has faced a continued decline in European supply chain reliability over recent quarters. This has created risk to customer lines and unsustainable operations for the company with continuous disruptions and financial losses. In view of this, the Group has taken a strategic decision to transfer specific production operations from the DLUK Hydraulic division to India, while retaining select strategic product lines in the UK.
During the quarter ended 30 September 2025 & 31 March 2026, the following key actions were implemented:
a) The management announced a restructuring initiative to align operations with current market conditions and to rationalise the product range. As part of this initiative, certain positions were identified as being at potential risk of redundancy. Accordingly, a provision of GBP 0.6 Million (INR 688 Lakhs) in the quarter ended 30 September 2025 and GBP 0.5 Million (INR 642 Lakhs) in current quarter ended 31 March 2026 has been recognised under Exceptional Items towards the estimated costs associated with the planned workforce reduction.
b) DLUK Hydraulic division has transferred certain Intellectual Property (IP) rights to Dynamic Manufacturing Limited (DML), a wholly owned subsidiary, which has been capitalised in DML. While the above transaction being intra-group is eliminated in the consolidated financial results, a non-cash tax charge was recognised in DLUK of INR 562 lakhs which has impacted the Group's effective tax rate for the period, since a corresponding deferred tax credit has not been recognised at DML in line with Ind AS 12 "Income Taxes".
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, Statement of Consolidated Financial Results for the quarter and year ended 31 March 2026
Notes:
4 On 21 November 2025, the Government of India formally notified the enforcement of four Labour Codes—the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020—thereby consolidating 29 erstwhile labour legislations into a unified framework. The Ministry of Labour & Employment, in alignment with this legal mandate, issued draft Central Rules and Frequently Asked Questions (FAQs) to facilitate the assessment of financial consequences, underscoring both statutory and regulatory guidance for compliance.
The above Labour Laws introduced a revised definition of 'wages', which impacted the computation of gratuity and compensated absences. Pursuant to the new definition of wages, an incremental one-time non-cash cost of Rs. 1,427 lakhs, predominantly relating to past service costs, has been debited to the Statement of Profit and Loss in order to comply with Ind AS 19 “Employee Benefits” and treated as an exceptional item in line with the accounting standards and clarifications issued by the Institute of Chartered Accountants of India (ICAI) regarding the accounting treatment for the above amendment in law during the quarter ended 31 December 2025.
The Government of India is in the process of notifying the final rules to the new Labour codes and an impact of these will be evaluated and accounted for in accordance with applicable standards in the period in which they are notified.
5 On 09 February 2026, the Board of Directors of the company have declared an interim dividend of INR 5 per equity share (50%) for the financial year 2025-26 and same has been paid during the current quarter.
The Board of Directors of the Company, vide their meeting dated 19 May 2026, have, subject to the approval of the shareholders, declared final dividend of INR 5 per equity share (50%) for the financial year 2025-26. The same will be disbursed to the shareholders after the ensuing Annual General Meeting.
6 The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of the full financial year ended 31 March 2026 and 31 March 2025 and published year to date figures up to third quarter ended 31 December 2025 and 31 December 2024 respectively.
for and on behalf of Board of Directors of
Dynamatic Technologies Limited
Udayant Malhoutra
Chief Executive Officer and Managing Director
Date: 19 May 2026
Place: Bangalore
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, 2026 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2026, 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, 2026" of Dynamic Technologies Limited (the "Company"), (the "Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR 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, 2026:
i. are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
ii. give 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 other 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, 2026
With respect to the Standalone Financial Results for the quarter ended March 31, 2026, 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, 2026, 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, 2026
We conducted our audit in accordance with the Standards on Auditing ("SA"s) 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, 2026 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.
Regd Office :31st Floor, Tower 3, One International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400013
Management's and Board of Directors' 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 issuance. The Standalone Financial Results for the year ended March 31, 2026 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, 2026 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 LODR 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 is 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 is 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, 2026
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2026 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 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.
Page 2 of 3
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR 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.
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, 2026
We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2026 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)
Sathya P. Koushik
Partner
(Membership No. 206920)
UDIN: 26206920XPDMNB4184
Bangalore, May 19, 2026
Statement of Standalone Financial Results for the quarter and year ended 31 March 2026
| SL No. | Particulars | 3 months ended 31 March 2026 (Unaudited) (Refer Note 4) | Preceding 3 months ended 31 December 2025 (Unaudited) | Corresponding 3 months ended in previous period 31 March 2025 (Unaudited) (Refer Note 4) | Year to date figure for the current year ended 31 March 2026 (Audited) | Previous year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a) Revenue from operations | 20,552 | 21,826 | 17,321 | 78,393 | 63,918 | |
| b) Other income | 808 | 434 | 525 | 3,001 | 1,661 | |
| Total income (a+b) | 21,360 | 22,260 | 17,846 | 81,394 | 65,579 | |
| 2 | Expenses | |||||
| a) Cost of raw materials and components consumed | 13,660 | 12,986 | 8,782 | 45,548 | 31,533 | |
| b) Changes in inventories of finished goods and work-in-progress | (1,663) | (479) | 521 | (1,680) | 278 | |
| c) Employee benefits expenses | 2,956 | 2,930 | 3,137 | 10,960 | 10,346 | |
| d) Finance costs | 1,065 | 1,071 | 1,081 | 4,412 | 4,269 | |
| e) Depreciation and amortisation expenses | 668 | 698 | 658 | 2,721 | 2,549 | |
| f) Other expenses | 3,302 | 3,341 | 2,880 | 12,310 | 11,173 | |
| Total expenses (a+b+c+d+e+f) | 19,988 | 20,547 | 17,059 | 74,271 | 60,148 | |
| 3 | Profit before tax (1 - 2) | 1,372 | 1,713 | 787 | 7,123 | 5,431 |
| 4 | Exceptional items (Refer Note 2) | - | 1,095 | - | 1,095 | - |
| 5 | Profit before tax (3 - 4) | 1,372 | 618 | 787 | 6,028 | 5,431 |
| 6 | Tax expense/(credit) | |||||
| a) Current tax | 282 | 535 | 379 | 1,842 | 1,548 | |
| b) Deferred tax | 65 | (329) | (610) | (261) | (1,183) | |
| Total tax expense (a+b) | 347 | 206 | (231) | 1,581 | 365 | |
| 7 | Profit after tax (5-6) | 1,025 | 412 | 1,018 | 4,447 | 5,066 |
| 8 | Other comprehensive income/(loss) (OCI) | |||||
| i) Items that will not be reclassified subsequently to statement of profit and loss | ||||||
| a) Remeasurement gain/(loss) on defined benefit plans | 66 | (76) | (343) | 42 | (362) | |
| b) Income tax relating to items that will not be reclassified to statement of profit and loss | (17) | 19 | 86 | (11) | 91 | |
| Other comprehensive income/(loss) for the period, net of tax | 49 | (57) | (257) | 31 | (271) | |
| 9 | Total comprehensive income for the period (7+8) | 1,074 | 355 | 761 | 4,478 | 4,795 |
| 10 | Paid-up equity share capital (face value of INR 10/- each) | 679 | 679 | 679 | 679 | 679 |
| 11 | Reserves (Other equity) | - | - | - | 67,823 | 63,685 |
| Earnings per equity share | (not annualised) | (not annualised) | (not annualised) | (annualised) | (annualised) | |
| Basic and Diluted (INR) | 15.10 | 6.07 | 14.99 | 65.49 | 74.61 |
See accompanying notes to these financial results.
Statement of Standalone Financial Results for the quarter and year ended 31 March 2026
Annexure I: Statement of standalone segment wise revenue, results, assets and liabilities for the quarter and year ended 31 March 2026
| Sl. No. | Particulars | 3 months ended 31 March 2026 (Unaudited) (Refer Note 4) | Preceding 3 months ended 31 December 2025 (Unaudited) | Corresponding 3 months ended in previous period 31 March 2025 (Unaudited) (Refer Note 4) | Year to date figure for the current year ended 31 March 2026 (Audited) | Previous year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Segment revenue | |||||
| a) Hydraulics | 10,390 | 9,934 | 8,067 | 38,863 | 30,773 | |
| b) Aerospace | 10,144 | 11,890 | 8,958 | 39,505 | 32,838 | |
| c) Others | 18 | 2 | 296 | 25 | 307 | |
| Revenue from operations | 20,552 | 21,826 | 17,321 | 78,393 | 63,918 | |
| 2 | Segment results [profit/ (loss) before finance costs, other income and tax from each segment] | |||||
| a) Hydraulics | 1,055 | 921 | 432 | 3,816 | 2,998 | |
| b) Aerospace | 1,613 | 2,392 | 1,939 | 8,294 | 8,673 | |
| c) Others | (72) | (113) | (74) | (398) | (311) | |
| d) Unallocated | (967) | (850) | (954) | (3,178) | (3,321) | |
| Total | 1,629 | 2,350 | 1,343 | 8,534 | 8,039 | |
| Unallocable | ||||||
| - Finance Cost | (1,065) | (1,071) | (1,081) | (4,412) | (4,269) | |
| - Other income | 808 | 434 | 525 | 3,001 | 1,661 | |
| - Exceptional Items (Refer Note 2) | - | (1,095) | - | (1,095) | - | |
| Profit before tax | 1,372 | 618 | 787 | 6,028 | 5,431 | |
| 3 | Segment Assets | |||||
| a) Hydraulics | 20,923 | 21,446 | 20,568 | 20,923 | 20,568 | |
| b) Aerospace | 55,513 | 55,122 | 50,277 | 55,513 | 50,277 | |
| c) Others | 5,203 | 4,371 | 2,945 | 5,203 | 2,945 | |
| d) Unallocated | 53,430 | 52,548 | 51,792 | 53,430 | 51,792 | |
| Total Segment assets | 1,35,069 | 1,33,487 | 1,25,582 | 1,35,069 | 1,25,582 | |
| 4 | Segment Liabilities | |||||
| a) Hydraulics | 14,773 | 14,996 | 13,494 | 14,773 | 13,494 | |
| b) Aerospace | 7,202 | 7,188 | 7,374 | 7,202 | 7,374 | |
| c) Others | 377 | 338 | 261 | 377 | 261 | |
| d) Unallocated | 44,215 | 43,196 | 40,089 | 44,215 | 40,089 | |
| Total Segment Liabilities | 66,567 | 65,718 | 61,218 | 66,567 | 61,218 |
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE - 562 149, INDIA
Statement of Standalone assets and liabilities:
| Particulars | As at
31 March 2026
(Audited) | As at
31 March 2025
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| a) Property, plant and equipment | 30,991 | 29,705 |
| b) Right-of-use assets | 1,244 | 1,991 |
| c) Capital work in progress | 185 | 664 |
| d) Other intangible assets | 240 | 376 |
| e) Intangible assets under development | 2,968 | 563 |
| f) Financial assets | | |
| (i) Investments | 39,835 | 39,706 |
| (ii) Loan | 8,149 | 5,716 |
| (iii) Other financial assets | 1,823 | 1,278 |
| g) Income tax assets (net) | - | 223 |
| h) Other non-current assets | 3,070 | 399 |
| Total non-current assets | 88,505 | 80,621 |
| Current assets | | |
| a) Inventories | 19,559 | 14,528 |
| b) Financial assets | | |
| (i) Trade receivables | 16,848 | 17,268 |
| (ii) Cash and cash equivalents | 497 | 265 |
| (iii) Bank balances other than cash and cash equivalents above | 1,253 | 1,218 |
| (iv) Loans | 132 | 1,567 |
| (v) Other financial assets | 1,328 | 1,215 |
| c) Other current assets | 6,947 | 8,900 |
| Total current assets | 46,564 | 44,961 |
| Total Assets | 1,35,069 | 1,25,582 |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| a) Equity share capital | 679 | 679 |
| b) Other equity | 67,823 | 63,685 |
| Total equity | 68,502 | 64,364 |
| Liabilities | | |
| Non-current liabilities | | |
| a) Financial liabilities | | |
| (i) Borrowings | 19,750 | 15,280 |
| (ii) Lease liabilities | 623 | 1,400 |
| (iii) Other financial liabilities | 41 | 7 |
| b) Provisions | 3,812 | 2,652 |
| c) Deferred tax liabilities (net) | 1,930 | 2,180 |
| Total non-current liabilities | 26,156 | 21,519 |
| Current liabilities | | |
| a) Financial liabilities | | |
| (i) Borrowings | 19,892 | 20,824 |
| (ii) Lease liabilities | 846 | 702 |
| (iii) Trade payables | | |
| (a) total outstanding dues of micro and small enterprises | 3,211 | 1,795 |
| (b) total outstanding dues of creditors other than micro and small enterprises | 12,098 | 12,476 |
| (iv) Other financial liabilities | 1,581 | 1,806 |
| b) Other current liabilities | 459 | 652 |
| c) Provisions | 709 | 451 |
| d) Current income tax liabilities (net) | 1,615 | 993 |
| Total current liabilities | 40,411 | 39,699 |
| Total Liabilities | 66,567 | 61,218 |
| Total Equity and Liabilities | 1,35,069 | 1,25,582 |
M
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562149, INDIA
Statement of Standalone cash flows:
(INR in lakhs, except as otherwise stated)
| Particulars | For the year ended
31 March 2026
(Audited) | For the year ended
31 March 2025
(Audited) |
| --- | --- | --- |
| Operating activities: | | |
| Profit before tax after exceptional items | 6,028 | 5,431 |
| Adjustments for: | | |
| Depreciation and amortisation expense on property, plant and equipment and intangible assets | 1,973 | 1,835 |
| Amortisation expense on Right-of-use assets | 748 | 714 |
| Finance costs | 4,213 | 3,926 |
| Interest on lease liabilities | 199 | 225 |
| Exceptional items (Refer Note 2) | 1,095 | - |
| Unrealised foreign exchange differences gain (net) | (1,124) | (316) |
| Interest income | (965) | (866) |
| Interest income on Income tax refund | (98) | - |
| Net loss/(gain) allowance on financial assets | 278 | (19) |
| Loss on sale of property, plant and equipment (net) | 27 | 40 |
| Corporate guarantee income | (65) | (43) |
| Gain on lease modification | - | (31) |
| Operating cash flow before the movements in working capital | 12,309 | 10,896 |
| Changes in operating assets and liabilities | | |
| Increase in inventories | (6,613) | (2,609) |
| Decrease in trade receivables | 294 | 3,545 |
| Decrease/(Increase) in loans | 6 | (50) |
| Decrease/(Increase) in other financial assets | 44 | (29) |
| Increase in other assets | (807) | (5,177) |
| Increase in trade payables | 905 | 3,770 |
| Increase in provisions | 365 | 198 |
| Increase/(Decrease) in other financial liabilities | (294) | 135 |
| Increase/(Decrease) in other liabilities | (193) | 191 |
| Cash generated from operations | 6,016 | 10,870 |
| Income taxes paid (net of refunds) | (1,085) | (1,590) |
| Net cash from operating activities (A) | 4,931 | 9,280 |
| Investing activities: | | |
| Purchase of property, plant and equipment and intangibles assets | (3,386) | (2,613) |
| Proceeds from sale of property, plant and equipment | 52 | 51 |
| Loans given to subsidiaries | (11) | (65) |
| Investment in equity shares of subsidiary | - | (1,993) |
| Changes in bank deposits with original maturity of more than three months, net | (65) | (160) |
| Interest received | 531 | 82 |
| Net cash used in investing activities (B) | (2,879) | (4,698) |
| Financing activities: | | |
| Proceeds from long-term borrowings | 8,900 | 2,700 |
| Repayment of long term borrowings | (3,840) | (3,208) |
| Proceeds/(Repayment) from/of short term borrowings, net | (1,597) | 1,068 |
| Payment of lease liabilities | (914) | (964) |
| Interest paid | (4,029) | (3,957) |
| Dividends paid | (340) | (475) |
| Net cash used in financing activities (C) | (1,820) | (4,836) |
| Net increase/(decrease) in cash and cash equivalents (A + B + C) | 232 | (254) |
| Cash and cash equivalents at the beginning of the year | 265 | 519 |
| Cash and cash equivalents at the end of the year | 497 | 265 |
The above represents cash flows from total operations.
M
JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, BANGALORE - 562 149, INDIA
Statement of Standalone Financial Results for the quarter and year ended 31 March 2026
Notes:
-
The above standalone financial results of the Company as reviewed by the Audit Committee and has been approved by the Board of Directors at its meeting held on 19 May 2026. The results for the quarter and year ended 31 March 2026 has been reviewed by the Statutory auditors of the Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review for the quarter and year ended 31 March 2026.
-
On 21 November 2025, the Government of India formally notified the enforcement of four Labour Codes—the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020 - thereby consolidating 29 erstwhile labour legislations into a unified framework. The Ministry of Labour & Employment, in alignment with this legal mandate, issued draft Central Rules and Frequently Asked Questions (FAQs) to facilitate the assessment of financial consequences, underscoring both statutory and regulatory guidance for compliance.
The above Labour Laws introduced a revised definition of 'wages', which impacted the computation of gratuity and compensated absences. Pursuant to the new definition of wages, an incremental one-time non-cash cost of Rs. 1,095 lakhs, predominantly relating to past service costs, has been debited to the Statement of Profit and Loss in order to comply with Ind AS 19 “Employee Benefits” and treated as an exceptional item in line with the accounting standards and clarifications issued by the Institute of Chartered Accountants of India (ICAI) regarding the accounting treatment for the above amendment in law during the quarter ended 31 December 2025.
The Government of India is in the process of notifying the final rules to the new Labour codes and an impact of these will be evaluated and accounted for in accordance with applicable standards in the period in which they are notified.
- On 09 February 2026, the Board of Directors of the company have declared an interim dividend of INR 5 per equity share (50%) for the financial year 2025-26 and same has been paid during the current quarter.
The Board of Directors of the Company, vide their meeting dated 19 May 2026, have, subject to the approval of the shareholders, declared final dividend of INR 5 per equity share (50%) for the financial year 2025-26. The same will be disbursed to the shareholders after the ensuing Annual General Meeting.
- The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of the full financial year ended 31 March 2026 and 31 March 2025 and published year to date figures up to third quarter ended 31 December 2025 and 31 December 2024 respectively.
for and on behalf of Board of Directors of
Dynamatic Technologies Limited
Udayant Malhoutra
Chief Executive Officer and Managing Director
Date: 19 May 2026
Place: Bangalore
Annexure - II
| Sr. No. | Disclosure Requirement | Details |
|---|---|---|
| 1. | Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise | Resignation of Mr. Dietmar Hahn (DIN: 06414463) as Non-Executive & Non-Independent Director of the Company owing to his retirement in Eisenwerk Erla, Germany, the foreign subsidiary of the Company. |
| 2. | Date of appointment/re-appointment/cessation & term of appointment/re-appointment | Effective from 19^{th} May, 2026 |
| 3. | Brief Profile (in case of appointment of a director) | N.A. |
| 4. | Disclosure of relationships between directors (in case of appointment of Director) | N.A. |
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: L72200KA1973PLC002308
19th May 2026
To
The Board of Directors,
M/s. Dynamatic Technologies Limited
(CIN: L72200KA1973PLC002308)
JKM Plaza, Dynamatic Aetropolis 55,
KIADB Aerospace Park,
Bengaluru 562149.
Dear Members of the Board,
Sub: Resignation from the post of Non-Executive and Non-Independent Director of the Company
Consequent upon my retirement from my position in Eisenwerk Erla, Germany, the foreign subsidiary of the Company, I, Dietmar Hahn (DIN: 06414463), hereby tender my resignation as Non-Executive and Non-Independent Director of M/s. Dynamatic Technologies Limited with effect from 19th May 2026.
I confirm that there are no other material reasons for my resignation other than those stated above.
I take this opportunity to express my sincere gratitude to the Board, the Committee members, and the Management for the support and cooperation extended to me during my tenure with the Company. It has been a privilege to serve the organization and contribute to its growth over the years. I remain deeply grateful for the enriching experiences, professional relationships, and valued memories from this remarkable journey.
I wish the Company and its leadership continued success in the years ahead.
Kindly take this resignation on record and arrange to file the requisite forms with the concerned authorities.
Thanking you,
Yours truly,
Dietmar Hahn
Non-Executive and Non-Independent Director
DIN: 06414463
D
Annexure - III
| Sr. No. | Disclosure Requirement | Details |
|---|---|---|
| 1. | Reason for change viz. | |
| appointment, re-appointment, | ||
| resignation, removal, death or | ||
| otherwise | Re-appointment of Dr. Udayant Malhoutra as the CEO & Managing Director of the Company. | |
| 2. | Date of appointment/ re-appointment/ cessation & term of appointment/re-appointment | Re-appointment of Dr. Udayant Malhoutra as CEO & Managing Director for a further period of 5 (five) years effective 1st October 2026, till 30th September 2031, subject to the approval of the shareholders. |
| 3. | Brief Profile (in case of appointment of a director) | Dr. Udayant Malhoutra has been associated with the Company for over four decades. He is credited with building and nurturing a world class management team and transforming the Company into a knowledge-based organisation with global operations. |
He has served as the Chairman of the National Sector Skills Council for Strategic Manufacturing, and Chairman of the National Institute of Design, Amravathi. He is a member of CII National Council and has chaired the CII National Committees on Design and Technology. He has also served on the Board of Governors, IIT Kanpur, and is a past President, Fluid Power Society of India. He is an active member of the Young Presidents’ Organization (YPO), having served as Chairman, India & South Asian Area and as a member of the International Board of Directors.
He has been conferred the degree of Doctor of Engineering & Technology (Honoris-Causa) from University of Engineering and Management, Kolkata, in recognition of his outstanding contribution in the field of Technology & Innovation and his dedicated service to the nation. |
| 4. | Disclosure of relationships between directors (in case of appointment of Director) | Dr. Udayant Malhoutra is not related to any of the Directors of the Company. |
| 5. | Information as required pursuant to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/ CML/2018/ 24, both dated 20 June 2018 | Dr. Udayant Malhoutra is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. |
Dynamatic Technologies Limited
JKM Plaza Dynamatic Aerotropolis
D
$19^{\text{th}}$ May 2026
Corporate Relations Department,
Bombay Stock Exchange Limited,
Phiroze Jeejeebhoy Towers
Dalal Street, Fort, Mumbai - 400 001
Scrip Code: 505242
Listing Department,
National Stock Exchange of India Limited
"Exchange Plaza", Bandra-Kurla Complex,
Bandra East, Mumbai 400 051.
Scrip Code: DYNAMATECH
Dear Sir/Madam,
Sub: Declaration pursuant to Regulation 33(3)(d) of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015 as amended.
DECLARATION
I, Shivaram V, Chief Legal Officer and Company Secretary of Dynamic Technologies Limited (CIN: L72200KA1973PLC002308) having its Registered office at JKM Plaza, Dynamic Aerotropolis 55, KIADB Aerospace Park, Bangalore 562 149, India, hereby declare that, the Statutory Auditors of the Company, M/s Deloitte Haskins & Sells LLP have issued an Audit Report with unmodified opinion on the annual Audited Financial Results of the Company (Standalone & Consolidated) for year ended on March 31, 2026.
This Declaration is given in compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and Circular no. CIR/CFD/CMD/56/2016 dated May 27, 2016.
Request you to kindly take this declaration on your records.
Thanking you,
Yours faithfully,
For Dynamic Technologies Limited
Shivaram V
Chief Legal Officer and Company Secretary
Membership No.: ACS 19173
Registered Office
Dynamic Technologies Limited
JKM Plaza Dynamic Aerotropolis
55 KIADB Aerospace Park
Bangalore 562 149 India
Tel +91 80 2111 1223 +91 80 2204 0535
www.dynamatics.com
Corporate Identity Number: L72200KA1973PLC002308