Dynamatic Technologies Ltd. — Capital/Financing Update 2021

Feb 1, 2021

DVNAMATIC TECHNOLOGIES LIMITED

Date: 1st February, 2021

To,	To,
The Secretary Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai . 400 001. Fax No. 022· 2272 3121/3719/2037/2039 12041 12061 Scrip Code:505242	The Secretary National Stock Exchange of India Limited "Exchange Plaza" Bandra-Kurla Complex Bandra East Mumbai - 400 051. Fax No.022 - 265982371 38/26598346 Scrip Code :DYNAMATECH

Sub: Intimation pursuant to regulation 30 of SEBI(LODR)Regulation, 2015 ("Listing Requirements") regarding sale of business assets pertaining to Mis. JKMFerrotech Limited, a wholly owned subsidiary of the Company.

Dear Sir I Madam,

Further to the presentation made by our CEO& MD to the shareholders during 45th Annual General Meeting of the Company held on 24th September 2020, we write to inform you that the significant matters arising out of the Board Meeting held today i.e., 1st February, 2021 are as follows:

• 1. The Board of Directors of the Company has approved conversion of major portion of the Company's existing Rupee Term Loan in to FCTLI FCNRI Swap transaction, that would help in reducing the existing interest cost in a long way.
• 1. The Board of Directors of JKM Ferrotech Limited CJFTL n ), a Wholly·Owned Subsidiary of the Company at their meeting held on 1st February, 2021, has approved the term sheet for sale of its Foundry Business assets to 'Mis. Danblock Brakes India Private Limited (DBIPL), a Company incorporated under Companies Act, 1956.

The details of the proposed sale transaction are as follows:

Sr.	Particulars	Remarks
No
1.	The Amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during their last Financial Year	JKM Ferrotech Limited (JFTL) is a wholly owned subsidiary (WaS) of the Company. It is engaged in the Foundry Business.
		As on 31st March 2020, the turnover of Foundry Businessof WOSis 10,801 Lakhs.
2.	Date on which the agreement for sale has been entered into	The agreements pertaining to the transaction are expected to be executed within a period of 8 weeks. The transaction is conditional upon satisfactory completion of the respective conditions precedent by the parties (including shareholders, lenders of JFTL and other necessary approvals in respect to this transaction).

Dynamatic Park Peenya Bangalore 560 058 India Tel +91 8028394933/34/35 Fax +91 8028395823 www.dynamatics.com

DVNAMATIC TECHNOLOGIES LIMITED

Singhi Advisors are the sole Transaction Advisors.

The Exchangesare requested to take the above on record.

Thank you.

Yours truly, for DYNAMATICTECHNOLOGIE~ITED

sJ!i~~

Head Legal, Compliance and Company Secretary

Dynamatic Park Peenya Bangalore 560 058 India Tel +91 8028394933/34/35 Fax +91 8028395823 www.dynamatics.com