Dynamatic Technologies Ltd. — Interim / Quarterly Report 2024

Nov 10, 2023

DVNAMATIC TECHNOLOGIES LIMITED

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1 o[th ] November 2023

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

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

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

Dear Sir,

Further to our letter dated 4[th ] November 2023, we write to inform you that the significant matters arising out of the Board Meeting held today, i.e., 10[th ] November 2023, at JKM Plaza, Dynamatic Aerotropolis 55, KIADB Aerospace Park, Devanahalli Bangalore 562110, are appended as follows:

1. The Board considered and approved the Standalone and Consolidated Unaudited Financial Results for the quarter and half year ended 30[th ] September 2023, along with limited review report by Statutory Auditors of the Company, copy of the un-audited financial results along with limited review has been enclosed.

2. The Board, pursuant to the recommendation of the Nomination and Remuneration Committee, appointed Dr. Ajay Kumar (DIN: 01975789) as an Additional Independent Director (Non-Executive) of the Company to hold office with effect from 10[th ] November 2023, for a term of 5 (five) consecutive years. The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015, are enclosed.

3. The Board, pursuant to the recommendation of the Nomination and Remuneration Committee, reappointed Mr. Pierre de Bausset (DIN: 07178878) and Mr. Pradyumna Vyas (DIN: 02359563) as non-executive independent directors to hold office for a second term of 5 (five) consecutive years on the Board of the Company, commencing from 11[th ] February 2024 up to 10[th ] February 2029. The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015, are enclosed.

The meeting of the Board of Directors held today commenced at 15:00 (1ST) and concluded at 21 :00 (1ST). The aforesaid information is also available on the website of the company, w .dynamatics.com.

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

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Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Devanahalli Bangalore 562 110 India Tel +91 80 2111 1223 +91 80 2204 0535

www.dynamatics.com

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DYNAMATIC TECHNOLOGIES LIMITED

Disclosure required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule Ill of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and all other applicable circulars is as under

1. Appointment of Dr. Ajay Kumar (DIN: 01975789)

SI.No 1. Particulars Reason for change viz. appointment, re­ appointment, resignation, removal, death or otherwise.	Disclosures Appointment of Dr. Ajay Kumar as an Additional Director (Non­ Executive Independent director) of the company
2. Date of appointmenUreappointmenUcessation (as applicable) and term of appointment/reappointment	Appointed w.e.f 10thNovember 2023 in the category of Non­ Executive Independent Director for a term of 5 (five) consecutive years commencing from 10th Nb 2023 t 9th
	ovemer up o November 2028.
3. Brief Profile (in case of appointment)	Dr. Ajay Kumar is the former Defence Secretary of India an advisor for electronics development projects. He is an Indian Administrative Ofcer from the 1985 batch. Dr. Ajay Kumar is an alumnus of IIT Kanpur and the University of Minnesota. Dr. Kumar currently holds the position of Distinguished Visiting Professor in Department of Management Sciences and the Department of Economic Sciences at the Indian Institute of
Technology, Kanpur. Dr. Kumar has served in the technology and policy domains, particularly in areas like electronics manufacturing, mobile production and defence production. Notably, he has played a leadership role in shaping and implementing key decisions for the Government of India's Digital India initiative as Additional Secretary to the Government of India. His career also includes involvement in expanding defense exports and introducing modern warfare capabilities. Dr. Kumar is Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Devanahalli Bangalore 562 11 0 India Tel +91 80 2111 1223 +91 80 2204 0535 w.dvnamatics.com

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DYNAMATIC TECHNOLOGIES LIMITED

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the visionary behind the iDE program, which received the Prime Minister Award for Public Policy in the Innovation Category in 2021. He has been associated in Project 751, a program focused on developing next-generation submarines and fighters and laying the groundwork for a thriving marine and aerospace industrial ecosystem in India.

Dr. Kumar has led many public sector enterprises across these domains. Major successes include revival of electronics and mobile manufacturing industry in India (2012-17), development of defence industry ecosystem including defence startup ecosystem through iDEX (20172022), major Digital India initiatives including Aadhaar, UPI, Jeevan Pramaan (2014-2017) among many others.

Dr. Kumar was instrumental for opening of drone sector and space sector (2020-2021) and promoting startups in these sectors. He has also been instrumental in boosting performance of Defence PSUs during 2018-2022 and turnaround of KELTRON during 2000-2003.

He is an active writer for Indian national dailies and maintains a monthly column in Business Standard "Off the Grid."

Disclosure of relationship between directors (in case of appointment of a director)

NA

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Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Devanahalli Bangalore 562 110 India Tel +91 80 2111 1223 +91 80 2204 0535

www.dynamatics.com

DVNAMATIC TECHNOLOGIES LIMITED

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1. Reappointment of Mr. Pierre de Bausset (DIN: 07178878)

SI.No Particulars Disclosures 1. Reason for change viz. �. re- Re-appointment of Mr. Pierre de Bassuet appointment, resignation, removal, death or as Non-Executive Independent director 0U:e1wise. of the company 2. Date of appointment/reappointmenUcessation Re-appointed w.e.f 11thFebruary 2024 in (as applicable) and term of the category of Non-Executive appointment/reappointment Independent Director for a second term of.5(five)consecutive yearsonthe Boardof theCompanycommencing from11thFebruary2024upto10th February 2029. His re-appointment is subject to approval of shareholders of the Company within a period of three months from the date of appointment, as per regulation17(1 C)of SEBILODR,as amended.		Disclosures
3. Brief Profile (in case of appointment) NA
4. Disclosure of relationship between directors (in case of appointment of director)		NA

3. Reappointment of Mr. Pradyumna Vyas (DIN: 02359563)

SI.No	Particulars	Particulars	Disclosures	Disclosures
1.	Reason for change viz. �Aem, re- appointment, resignation, removal, death or otherwise.		Reappointment of Mr. Pradyumna Vyas as Non-Executive Independent director of the company
2.	Date of appointment/reappointmenUcessation (as applicaej and term of appointment/reappointment Brief Profile (in case of appointment) Disclosure of relationship between directors (in case of appointment of director)		Reappointed w.e.f 11thFebruary 2024 in the category of Non-Executive Independent Director for a second term of 5(five)consecutive yearsonthe Boardof theCompanycommencing from11thFebruary2024upto10th February 2029. His re-appointment is subject to approval of shareholders of the Company within a period of three months from the date of appointment, as per regulation17(1 C)of SEBI amended LODR, as
3.			NA
4.			NA

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Registered Office Dynamatic Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Devanahalli Bangalore 562 110 India Tel +91 80 2111 1223 +91 80 2204 0535

www.dvnamatics.com

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 REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DYNAMATIC TECHNOLOGIES LIMITED (“the Company”), for the quarter and six months ended September 30, 2023 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement 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 Institute of Chartered Accountants of India (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 Standards on Auditing specified under section 143(10) of the Companies Act, 2013 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.

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard 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.

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: 23206920BGYMJQ5858

Bengaluru November 10, 2023 SPK/LS/2023

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OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308

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

OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA	OYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KAl973PLC002308 JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA
Statement of Standalone Financial Results fr the quarter and six months ended 30 September 2023 ( in lakls, ecept as otherie stated)
SI. No.	Particulan	3 months ended 30 September 2023 (Unaudited)	Preceding 3 months ended JO June 2023 (Unaudited)	Corresponding 3 months ended in previous period 30 September 2022 (Unaudited)	Year to date fgure for the current period ended JO September 2023 (Unaudited)	Year to date fgure for the previous period ended 30 September 2022 (Unaudited)	Previous year ended 31 March 2023 (Audited)
I 2 3 4 5 6 7 8 9	Income a) Revenue fom operations b) Other income Total income (a+b) Expenses a) Cost of raw materials and components consumed b) Changes in inventories of finished goods and work-in-progess c) Employee benefits expense d) Finance costs e) Depreciation and amortisation expense f) Other expenses Total expense (a+b+c+d+e+f) Proft before tax ( I -2) Tax expnse a) Current tax b) Deferred tax Total tax expnse (a+b) Profit fr the period (3 - 4) Other com1>rehensive income/(loss) (OCI) i)items that will not to be reclassied subsequently to statement ofproft and loss a) Remeasurement gain/(loss) on defined beneft plans b) Income tax relating to items that will not be reclassifed to statement of proft and loss ii)items that will be reclassied subsequently to Statement of profit and loss a) Foreigcurrency fluctuations under a cash flow hedge - gain/(loss) Other comprehensive income/ (loss) fr the period, net of tax Total compret,cnsive income for the period (5+6) Paid-up equity share capital (face value of INR I 0/- each) Reserves (Other equity) Earnings per equity share Basic and Diluted(!NR)	15,820 121	12,846 283	15,320 61	28,666 404	28,947 91	58,112 536
		15,941 7,920 55 2,082 1,281 554 2,800	13,129 5,788 530 1,902 991 492 2,607	15,381 7,348 (102) 2,548 1,309 670 2,640	29,070 13,708 585 3,984 2,272 1,046 5,407	29,038 13,952 (316) 4,697 2,510 1,412 5,175	58,648 27;207 (189) 9,218 5,158 2,419 10,453
		14,692	12,310	14,413	27,002	27,430	54,266
		1,249	819	968	2,068	1,608	4,382
		228 (14)	270 (64)	323 (35)	498 (78)	484 (81)	1,582 (115)
		214	206	288	420	403	1,467
		1,035 (11) 2 (47)	613 (22) 6 83	680 (97) 24 (115)	1,648 (33) 8 36	1,205 22 (6) (325)	2,915 (15) 4 (324)
		(56)	67	(188)	II	(309)	(335)
		979	680	492	1,659	896	2,580
		679 -	679 -	634 -	679 -	634 -	679 50,304
		(not annualised)	(not annualised)	(not annualised)	(not annualised)	(not annualised)	(annualised)
		15.24	9.03	10.73	24.27	19.01	45.86

See accompanying notes to these financial results.

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562110, INDIA Statement of Standalone Financial Results for the quarter and six months ended 30 September 2023

Annexure I : Statement of Standalone segment wise reve	Annexure I : Statement of Standalone segment wise reve	nue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs, excet as otherise stated)	nue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs, excet as otherise stated)	nue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs, excet as otherise stated)	nue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs, excet as otherise stated)	nue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs, excet as otherise stated)	nue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs, excet as otherise stated)
SI. No.	Paricular	3 months ended 30 September 2023 (Unaudited)	Preceding 3 months ended 30 June 2023 (Unaudited)	Corresponding 3 months ended in previous period 30 September 2022 (Unaudited)	Year to date fgure for the current period ended 30 September 2023 (Unaudited)	Year to date figure for the previous period ended 30 September 2022 (Unaudited)	Previous year ended 31 March 2023 (Audited)
1 2 3 4	Segment revenue a) Hydraulics b) Aerospace c) Others Revenue from operations Segment results [proft/ (loss) befre fnance costs, other income and tax from each segment] a) Hydraulics b) Aerospace c) Others d) Unallocated Total Unallocable - Finance Cost - Other income Proft befre tax Segment Assets a) Hydraulics b) Aerospace c) Others d) Unallocated Segment assets e) Assets classified as held for sale (Refer Note 2) Total assets Segment Liabilities a)Hydraulics b) Aerospace c) Others d) Unallocated Total Segment Liabilities	7,860 7,956 4	7,923 4,923 -	9,317 6,000 3	15,783 12,879 4	17,934 11,010 3	33,544 24,558 10
		15,820 1,162 2,041 (148) (646)	12,846 1,480 927 (163) (717'	15,320 1,939 1,232 (114) (841'	28,666 2,642 2,968 (311) /1,363)	28,947 3,678 2,199 (235) /1,615)	58,112 6,738 5,743 (541) (2,936)
		2,409 (1,281) 121	1,527 (991) 283	2,216 (1,309) 61	3,936 (2,272) 404	4,027 (2,510) 91	9,004 (5,158) 536
		1,249 19,191 45,922 637 46,771	819 17,846 41,764 630 47,380	968 17,252 41,507 575 39,753	2,068 19,191 45,922 637 46,771	1,608 17,252 41,507 575 39,753	4,382 17,274 45,046 628 48,495
		1,12,521 5,562	1,07,620 5,562	99,087 5,562	1,12,521 5,562	99,087 5,562	1,11,443 5,562
		1,18,083	1,13,182	1,04,649	1,18,083	1,04,649	1,17,005
		11,064 3,742 700 50,410	9,809 3,645 794 47,272	10,304 5,428 680 50 229	11,064 3,742 700 50 410	10,304 5,428 680 50 229	10,263 4,555 712 50 492
		65,916	61,520	66,641	65,916	66,641	66,022

See accompanymg notes to the financial results.

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DY AMA TIC TECH 'OLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DY AMA TIC AEROTROPOUS, 55, KIADB AEROSPACE PARK, DEV ANAHALLI, BANGALORE - 562110, INDIA

Statement of Standalone Financial Results for the quarter and six months ended 30 September 2023

Standalone balance sheet

Particulars ASSETS Non-current assets a) Property, plant and equipment b) Intangible assets c) Capital work in progess d) Right-of-use assets e) Financial assets (i) Investments (ii) Loan (iii) Other fnancial assets f)Income tax assets (net) g) Other non-current assets Total non-current assets Current assets a) Inventories b) Financial assets (i)Trade receivables (i1)Cash and cash equivalents (iii) Bank balances other than cash and cash equivalents above (iv) Loans (v) Other financial assets c) Other current assets Total current assets d) Assets classified as held for sale (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 fnancial 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 enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises 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	(NR in lakhs	, ecept as otherise stated)
	As at As at 30 September 2023 31 March 2023 <Unaudited (Audited) 20,900 20,224 243 280 8,335 7,097 1,668 978 34,834 34,834 6,766 - 62 149 255 380 179 643
	73,242 64,585 10,532 10,898 17,222 16,263 676 9,505 2,423 2,303 73 76 1,399 1,803 6,954 6,010
	39,279 46,858 5,562 5,562
	1,18,083 1,17,005 679 679 51,488 50,304
	52,167 50,983 22,476 21,075 1,117 550 465 500 2,318 2,536 3,692 3,778
	30,068 28,439 21,877 23,612 2,720 2,307 6,959 7,997 762 723 1,691 1,596 351 321 1,002 800 486 227
	35,848 37,583
	65,916 66,022 1,18,083 1,17,005

See accompanying notes to these financial results.

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE - 562110, INDIA Statement of Standalone Financial Results for the quarter and six months ended 30 September 2023

Standalone statement of cash flow

Particulars Profit before tax Adjustments: Depreciation and amortisation on Property, plant & equipment and intangible assets INR in lakhs 30 September 2023 30 September 2022 (Unaudited) (Unaudited) 2,068 1,608 693 698	Particulars Profit before tax Adjustments: Depreciation and amortisation on Property, plant & equipment and intangible assets INR in lakhs 30 September 2023 30 September 2022 (Unaudited) (Unaudited) 2,068 1,608 693 698	Particulars Profit before tax Adjustments: Depreciation and amortisation on Property, plant & equipment and intangible assets INR in lakhs 30 September 2023 30 September 2022 (Unaudited) (Unaudited) 2,068 1,608 693 698
		08 98
Amortisation of Right-of-use assets Finance costs Interest on lease liabilities Unrealised foreign exchange differences Interest income Loss allowance on financial assets, net Unwinding of discount on dismantling liability Loss on sale of property, plant and equioment Operating cash flow before working capital changes Changes in operating assets and liabilities Changes in inventories Changes in trade receivables Changes in loans Changes in other financial assets Changes in other assets ·Changes in trade payables Changes in provisions Changes in other financial liabilities Changes in other current liabilities Cash generated from operations Income taxes paid, net of refund Net cash generated from operating activities (A) Cash flows from investing activities Purchase of property, plant and equipment and intangibles Loan given to subsidiary Additional investment in equity share of subsidiary Company Changes in bank deposits (having original maturity of more than three months), net Interest income received Net cash used in investing activities (B) Cash flows from financing activities Proceeds from long term borrowings Repayment oflong term borrowings Proceeds from /(Repayment of) short term borrowings, net Payment of Lease liabilities Interest paid Dividend paid Net cash used in financin!! activities (C) Net decrease in cash and cash equivalents (A + B +C) Cash and cash equivalents at the beginning of the period Cash and cash eauivalents at the end of the neriod	353 714 2,164 2,297 108 177 144 739 (241) (87) 83 72 - 36 - I 5,372 6,255 366 (622) (998) (1,659) 3 (16) 638 376 (944) 455 (625) 1,340 (188) 139 147 51 259 34 4,030 6,353 (171) (122) 3,859 6,231 (2, I 06) (3,312) (6,766) - - (964) (120) (47) 48 35 (8,944) (4,288) 6,943 - (7,180) (1,924) (272) 3,140 (545) (1,170) (2,215) (2,268) (475) (190) (3,744) (2,412) (8,829) (469) 9,505 667 676 198	14 97 77 39
See accompanying notes to these financial results. Cash flows from operating activities is arrived using indirect method. The above represents cash flows from total operations.

DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

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

Statement of Standalone Financial Results for the quarter and six months ended 30 September 2023

Notes:

• 1 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 10 November 2023. The results for the quarter and six months ended 30 September 2023 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 for the quarter and six months ended 30 September 2023.

• 2 In pursuance of your company's plan to dispose the Windfann land admeasuring 364 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore to the Government of Tamil Nadu, for setting up the proposed Southern Defence Industrial Corridor, we are pleased to announce that after the issue of Govt. Order, the local authorities have completed the due diligence of title deeds and are now working on the registration fonnalities.

• 3 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 01 August 2023.

Owing to the aforesaid corporate restructuring measures, JKM Erla Holdings GmbH, Germany (JKM Erla), a 100% WOS of JKM Erla Automotive Limited, India (JEAL), engaged in the business of setting up automotive component processing/manufacturing units and which in tum held 100% share holdings in 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. In the interim, the 100% shareholdings held by JKM Erla in EEG was assigned to JEAL being the ultimate parent company in India and will not be having any impact on the consolidated financial results of the Group.

for and on behalf of Board of Directors of Dynamatic Technologies Limited

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Udayant Malhoutra CEO and Managing Director

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Date: 10 November 2023 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

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INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF DYNAMATIC TECHNOLOGIES LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of DYNAMATIC TECHNOLOGIES LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), for the quarter and six months ended September 30, 2023 (“the Statement”) being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement 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 Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent’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 Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 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.

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.

1. The Statement includes the results of the following entities:

2. JKM Research Farm Limited, India

3. JKM Global Pte. Limited, Singapore

4. Dynamatic Limited UK

5. Dynamatic LLC, US

6. Yew Tree Investments Limited UK

7. JKM Erla Automotive Limited, India

8. Dynamatic Manufacturing Limited, India

9. JKM Erla Holdings GmbH, Germany

10. Eisenwerk Erla GmbH, Germany

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• JKM Automotive Limited, India

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Page 1 of 2

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1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard 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.

2. We did not review the financial results of four subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total assets of Rs.87,041 lakhs as at September 30, 2023, total revenues of Rs. 20,315 lakhs and Rs. 44,156 lakhs for the quarter and six months ended September 30, 2023 respectively, total net profit after tax of Rs. 780 lakhs and Rs.4,954 lakhs for the quarter and six months ended September 30, 2023 respectively, total comprehensive income of Rs. 780 lakhs and Rs. 4,954 lakhs for the quarter and six months ended September 30, 2023 respectively and net cash outflow of Rs.442 lakhs as considered in the Statement. The financial results have been reviewed by the other auditors whose reports have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the report of other auditors and the procedures performed by us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of these matters.

1. The consolidated unaudited financial results includes the financial results of four subsidiaries which have not been reviewed by their auditors, whose financial results reflect total assets of Rs. 14,989 lakhs as at September 30, 2023, total revenue of Rs. 39 lakhs and Rs.78 lakhs for the quarter and six months ended September 30, 2023 respectively, total loss after tax of Rs. 45 lakhs and Rs. 37 lakhs for the quarter and six months ended September 30, 2023 respectively, total comprehensive loss of Rs. 45 lakhs and Rs. 37 lakhs for the quarter and six months ended September 30, 2023 respectively, and net cash inflow of Rs.62 lakhs as considered in the Statement. According to the information and explanations given to us by the Management, these financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of our reliance on the financial results certified by the Management.

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: 23206920BGYMJR2110

Bengaluru November 10, 2023 SPK/LS/2023

Page 2 of 2

DYNAMA TIC TECHNOLOGIES LIMITED

ClN: L72200KAl973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KlADB AEROSPACE PARK, DEVANAHALLI, BANGALORE-562II0, INDIA Statement of Consolidated Financial results for the quarter and six months ended 30 September 2023

		(/NR in lakhs exceot as otherise stated)	(/NR in lakhs exceot as otherise stated)	(/NR in lakhs exceot as otherise stated)	(/NR in lakhs exceot as otherise stated)	(/NR in lakhs exceot as otherise stated)
SI. No.	Particulan	3 months ended 30 September 2023 (Unaudited)	Preceding 3 months ended 30 June 2023 (Unaudited)	Correponding 3 Year to date fgure months ended in for the current previous period period ended 30 September 202230 September 2023 (Unaudited) (Unaudited)		Year to date fgure Previous year for the previous ended period ended 31 March 2023 30 September 2022 (Audited) (Unaudited)
I 2 3 4 5 6 7 8 9 10 II 12	Income a) Revenue fom operations b) Other income (Refer Note 4(i)) Total income (a+b) Expenses a) Cost of materials and components consumed b) Change in inventory of finished 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 Proft befre tax and exceptional items (I - 2) Exceptional Gain - (Refer Note 4(ii)) Proft befre 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) (Oen i) Items that will not be reclassiied subsequently to statement o 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 reclassified subsequently to Statement of profit and loss a) Foreign currency fuctuations under a cash flow hedge - gain/(loss) b) Exchange differences in translating financial statements of foreign operations Other comprehensive income/ (loss) for the period, net of tax Total comprehensive income/ (loss) for the period (7+8) Paid-up equity share capital (face value of INR IO/- each) Reserves (Other equity) Earnings per equity share Earnings per share Basic and diluted (INR)	35,090 792	36,251 2,026	32,372 71,341 99 2,818		63,468 1,31,577 163 976
		35,882 15,954 441 7,452 1,576 1,594 7,356	38,277 16,641 736 7,443 1,290 1,590 7,731	32,471 74,159 16,682 32,595 (1,364) 1,177 6,582 14,895 1,654 2,866 1,863 3,184 5,715 15,087		63,631 1,32,553 32,303 65,957 (1,902) (2,855) 12,800 25,342 3,130 6,538 3,708 7,042 11,282 25,007
		34,373	35,431	31,132 69,804		61,321 1,27,031
		1,509 -	2,846 1,763	1,339 4,355 - 1,763		2,310 5,522 - -
		1,509	4,609	1,339 6,118		2,310 5,522
		373 (74)	232 453 605 241 (I 18) 167			646 1,667 (157) (424)
		299	473 335 772			489 1,243
		1,210	4,136	1,004 5,346		1,821 4,279
		(11) 2 (47) (917)	(22) 6 83 603	(97) (33) 24 8 (I 15) 36 {1,201) (314)		22 (15) (6) 4 (325) (324) {2,060) I,011
		(973)	670	(1,389) (303)		(2,369) 676
		237	**4,806 **	(385) 5,043		(548) 4,955
		679 -	679 -	634 -	679 -	634 679 - 53,518
		(not annualised)	(not annualised)	(not annualised)	(not annualised)	(not annualised) (annualised)
		17.82	60.91	15.84	78.73	28.72 67.32

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE· 562110, INDIA Statement of Consolidated Financial results for the quarter and six months ended 30 September 2023

SI. No. 1 2 3 4	Annexure I: Statement of Consolidated segment wise rev	enue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs eceot as otherise stated)	enue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs eceot as otherise stated)	enue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs eceot as otherise stated)	enue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs eceot as otherise stated)	enue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs eceot as otherise stated)	enue, results, assets and liabilities fr the quarter and six months ended 30 September 2023 (INR in lakhs eceot as otherise stated)
	Particulars	3 months ended 30 September 2023 (Unaudite)	Preeding 3 months ended 30 June 2023 (Unaudited)	Correponding J months ended in previous period 30 September 2022 (Unaudited)	Year to date fgureYear to date fgure fr the current fr the previous period ended period ende 30 September 202330 September 2022 (Unaudite) (Unaudited)		Previous year ended 31 March 2023 (Audite)
	Segment revenue a) Hydraulics b) Aerospace c) Metallurgy d) Others Revenue from operations Segment results [proft/ (loss) before fnance 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) Metallurgy d) Others e) Unallocated Segment assets t) Assets classified as held for sale (Refr Note 3) Total assets Segment liabilities a) Hydraulics b) Aerospace c) Metallurgy d) Others e)Unallocated	10,180 12,902 12,004 4	11,571 10,456 14,224 -	12,098 10,944 9,327 3	21,751 23,159 23,358 20,593 26,228 19,713 4 3		46,166 43,737 41,661 13
		35,090 36,251 264 1,293 2,332 733 465 972 (122) (171) (646) (717)		32,372 2,112 2,031 (253) (155) (841)	71,341 63,468 1,557 3,818 3,065 3,618 1,437 (284) (293) (260) /1,363) (1,615)		1,31,577 7,502 7,905 (42) (1,336) _(2 _945)
		2,293 2,110 (1,576) (1,290) 792 2,026 - 1,763		2,894 (1,654) 99 -	4,403 (2,866) 2,818 1,763	5,277 (3,130) 163 -	11,084 (6,538) 976 -
		1,509 4,609 40,303 41,167 68,231 65,180 26,990 28,646 3,076 2,981 8,828 16,856		1,339 36,734 61,745 26,022 4,650 4,887	6,118 40,303 68,231 26,990 3,076 8,828	2,310 36,734 61,745 26,022 4,650 4,887	5,522 41,510 66,775 29,959 5,520 17 554
		1,47,428 1,54,830 5,562 5,562		1,34,038 5,562	1,47,428 5,562	1,34,038 5,562	1,61,318 5,562
		1,52,990 1,60,392		1,39,600 1,52,990		1,39,600	1,66,880
		22,899 22,346 11,772 12,297 5,179 9,262 740 834 53,635 56,650		20,426 12,540 8,176 1,543 59,512	22,899 11,772 5,179 740 53 635	20,426 12,540 8,176 1,543 59,512	22,553 11,844 11,857 2,588 63 841
	Se�mcnt liabilities	94,22S 1,01,389		1,02,197	94,225	1,02,197	1,12,683

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200KAl973PLC002308

JKM PLAZA, DY AMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLl, BANGALORE -562110, INDIA

Statement of Consolidated Financial results for the quarter and six months ended 30 September 2023

Consolidated balance sheet

Consolidated balance sheet
	(!NR i1 lakhs, ecept as otherise stated)
Particulars	As at 30 September 2023 (Unaudited)	As at 31 March 2023 (Audited)
ASSETS Non-current assets a) Proper plant and equipment b) Other Intangible assets c) Goodwill d) Capital work in progess e) Right-of-use assets t Financial assets (i) Investments (ii) Other financial assets g) Income tax asset (net) h) Other non-current assets Total non - current assets Current assets a) Inventories b) Financial assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other than cash and cash equivalents above (iv) Loans (v) Other financial assets c) Other current assets Total current assets Assets classifed as held fr sale (Refer Note 3)	44,556 2,392 10,398 9,457 10,517 33 281 603 383	44,338 2,449 10,473 7,852 10,910 33 735 593 648
	78,620 29,462 22,575 4,566 2,423 115 1,168 8,499	78,031 29,988 25,766 13,783 2,303 86 1,554 9,807
	68,808 5,562	83,287 5,562
Total Assets	1,52,990 679 58,086	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 (11)Lease Liabilities (iii) Other financial liabilities b) Provisions c) Deferred 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 enterprises and small enterprises (b) total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Lease liabilities (iv) Other fnancial liabilities b) Provisions c) Current tax liabilities (net) d) Other current liabilities Total current liabilities Total liabilities Total equity and liabilities
	58,765 24,303 10,402 465 2,942 396 96	54,197 22,529 10,584 500 3,193 229 313
	38,604 26,815 2,726 12,941 2,662 6,290 1,206 1,218 1,763	37,348 39,311 2,313 20,630 2,930 6,530 921 802 1,898
	55,621	75,335
	94,225	1,12,683
	1,52,990	1,66,880

See accompanying notes to these financial results.

'\�t\HOLo6'1l � ;f � � � q_ � \AA

DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

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

Statement of Consolidated Financial results for the quarter and six months ended 30 September 2023

Consolidated Statement of cash flow

Particulars Cash fow from operating activities Proft before tax Adjustments: Depreciation and amortisation on Propert, plant and equipment Amortisation on Right to use Assets Finance costs Interest on Lease liabilities Unrealised freign exchange differences Interest income Loss allowance on financial assets (net) Write back of Liabilities Unwinding of discount on dismantling liability Operatin! cash fow befre workin! capital chan2es 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 fnancial liabilities Changes in othercurrentliabilities Cash generated from operations Income taxes paid, net of refund Net cashgenerated from operating activities(A) Cash flows from investing activities Purchase of property, plant and equipment and intangibles Changes in bank deposits (having original maturity of more than three months), net Interest income received Net cash used in investin! activities (B) Cash flows from financing activities Proceeds fom long term borrowings Repayment of long term borrowings Proceeds from/(Repayment of short term borrowings (net) Payment of Lease liabilities Interest paid Dividendpaid Net cash usedin financin! activities (C) Net decrease in cash and cash equivalents(A+ B + C) Cash and cash equivalents at the beginningof theperiod Effect of exchange rate changes on cash and cash equivalent Cash andcash equivalents at the end of theperiod INR in lakhs 30 September 2023 30 September 2022 (Unaudited1 (Unaudited; 6,118 2,310 1,743 1,687 1,441 2,021 2,502 2,616 364 478 145 813 (106) (87) 83 72 (4,541) - - 36 7,749 9,946 401 (2,586) 3,746 (2,444) (102) 21 893 - 1,293 705 (6,372) (85) 34 (36) (49) 263 (352' 62 7,241 5,846 (93' (100) 7,048 5,746 (3,558) (4,111) (120) (47) 48 35 (3,630' (4,123) 6,943 - (9,027) (3,027) (5,601) 5,888 (1,871) (2,726) (2,553) (2,587) (475' (90) (12,5841 (2,642 (9,166' (1,019) 13,783 1,722 (51) (31 4,566 672	Particulars Cash fow from operating activities Proft before tax Adjustments: Depreciation and amortisation on Propert, plant and equipment Amortisation on Right to use Assets Finance costs Interest on Lease liabilities Unrealised freign exchange differences Interest income Loss allowance on financial assets (net) Write back of Liabilities Unwinding of discount on dismantling liability Operatin! cash fow befre workin! capital chan2es 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 fnancial liabilities Changes in othercurrentliabilities Cash generated from operations Income taxes paid, net of refund Net cashgenerated from operating activities(A) Cash flows from investing activities Purchase of property, plant and equipment and intangibles Changes in bank deposits (having original maturity of more than three months), net Interest income received Net cash used in investin! activities (B) Cash flows from financing activities Proceeds fom long term borrowings Repayment of long term borrowings Proceeds from/(Repayment of short term borrowings (net) Payment of Lease liabilities Interest paid Dividendpaid Net cash usedin financin! activities (C) Net decrease in cash and cash equivalents(A+ B + C) Cash and cash equivalents at the beginningof theperiod Effect of exchange rate changes on cash and cash equivalent Cash andcash equivalents at the end of theperiod INR in lakhs 30 September 2023 30 September 2022 (Unaudited1 (Unaudited; 6,118 2,310 1,743 1,687 1,441 2,021 2,502 2,616 364 478 145 813 (106) (87) 83 72 (4,541) - - 36 7,749 9,946 401 (2,586) 3,746 (2,444) (102) 21 893 - 1,293 705 (6,372) (85) 34 (36) (49) 263 (352' 62 7,241 5,846 (93' (100) 7,048 5,746 (3,558) (4,111) (120) (47) 48 35 (3,630' (4,123) 6,943 - (9,027) (3,027) (5,601) 5,888 (1,871) (2,726) (2,553) (2,587) (475' (90) (12,5841 (2,642 (9,166' (1,019) 13,783 1,722 (51) (31 4,566 672	Particulars Cash fow from operating activities Proft before tax Adjustments: Depreciation and amortisation on Propert, plant and equipment Amortisation on Right to use Assets Finance costs Interest on Lease liabilities Unrealised freign exchange differences Interest income Loss allowance on financial assets (net) Write back of Liabilities Unwinding of discount on dismantling liability Operatin! cash fow befre workin! capital chan2es 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 fnancial liabilities Changes in othercurrentliabilities Cash generated from operations Income taxes paid, net of refund Net cashgenerated from operating activities(A) Cash flows from investing activities Purchase of property, plant and equipment and intangibles Changes in bank deposits (having original maturity of more than three months), net Interest income received Net cash used in investin! activities (B) Cash flows from financing activities Proceeds fom long term borrowings Repayment of long term borrowings Proceeds from/(Repayment of short term borrowings (net) Payment of Lease liabilities Interest paid Dividendpaid Net cash usedin financin! activities (C) Net decrease in cash and cash equivalents(A+ B + C) Cash and cash equivalents at the beginningof theperiod Effect of exchange rate changes on cash and cash equivalent Cash andcash equivalents at the end of theperiod INR in lakhs 30 September 2023 30 September 2022 (Unaudited1 (Unaudited; 6,118 2,310 1,743 1,687 1,441 2,021 2,502 2,616 364 478 145 813 (106) (87) 83 72 (4,541) - - 36 7,749 9,946 401 (2,586) 3,746 (2,444) (102) 21 893 - 1,293 705 (6,372) (85) 34 (36) (49) 263 (352' 62 7,241 5,846 (93' (100) 7,048 5,746 (3,558) (4,111) (120) (47) 48 35 (3,630' (4,123) 6,943 - (9,027) (3,027) (5,601) 5,888 (1,871) (2,726) (2,553) (2,587) (475' (90) (12,5841 (2,642 (9,166' (1,019) 13,783 1,722 (51) (31 4,566 672
Unrealised freign exchange differences Interest income Loss allowance on financial assets (net) Write back of Liabilities Unwinding of discount on dismantling liability Operatin! cash fow befre workin! capital chan2es 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 fnancial liabilities Changes in othercurrentliabilities Cash generated from operations Income taxes paid, net of refund 145 (106) 83 (4,541) - 7,749 401 3,746 (102) 893 1,293 (6,372) 34 (49) (352' 7,241 (93'		813 (87) 72 - 36 9,946 (2,586) (2,444) 21 - 705 (85) (36) 263 62 5,846 (100)
Cash generated from operations Income taxes paid, net of refund
Net cashgenerated from operating activities(A)	7,048	5,746
Cash flows from investing activities Purchase of property, plant and equipment and intangibles Changes in bank deposits (having original maturity of more than three months), net Interest income received	(3,558) (120) 48	(4,111 (47) 35
Net cash used in investin! activities (B)	(3,630'	(4,123)
Cash flows from financing activities Proceeds fom long term borrowings Repayment of long term borrowings Proceeds from/(Repayment of short term borrowings (net) Payment of Lease liabilities Interest paid Dividendpaid	6,943 (9,027) (5,601) (1,871) (2,553) (475'	- (3,027) 5,888 (2,726) (2,587) (90
Net cash usedin financin! activities (C)	(12,5841	(2,642
Net decrease in cash and cash equivalents(A+ B + C)	(9,166'	(1,019)
Cash and cash equivalents at the beginningof theperiod	13,783	1,722
Effect of exchange rate changes on cash and cash equivalent	_(51) _	(31
Cash andcash equivalents at the end of theperiod	4,566	672

See accompanying notes to these financial results.

Cash flows from operating activities is arrived using indirect method. The above represents cash flows from total operations.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE - 562110, INDIA Statement of Consolidated Financial results for the quarter and six months ended 30 September 2023

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 IO November 2023. The results for the quarter and six months ended 30 September 2023 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 six months ended 30 September 2023.

• 2 Information on standalone financial results:

Infrmation on standalone fnancial results:	Infrmation on standalone fnancial results:	Infrmation on standalone fnancial results:	Infrmation on standalone fnancial results:	Infrmation on standalone fnancial results:	Infrmation on standalone fnancial results:	Infrmation on standalone fnancial results:
(/NR in /akls, ecept as otherise stated)
Particulars	3 months ended 30 September 2023 (Unaudited)	Preceding 3 months ended 30 June 2023 (Unaudited)	Corresponding 3 months ended in previous period 30 September 2022 (Unaudited)	Year to date fgure fr the current period ended 30 September 2023 (Unaudited)	Year to date fgure fr the previous period ended 30 September 2022 (Unaudited)	Previous year ended 31 March 2023 (Audited)
a. Revenue	15,820	12,846	15,320	28,666	28,947	58,112
b. Profit befre tax	1,249	819	968	2,068	1,608	4,382
c. Profit after tax	1,035	613	680	1,648	1,205	2,915

3 In pursuance of your company's plan to dispose the Windfarm land admeasuring 364 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore to the Government of Tamil Nadu, for setting up the proposed Southern Defence Industrial Corridor, we are pleased to announce that after the issue of Govt. Order, the local authorities have completed the due diligence of title deeds and are now working on the registration formalities.

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 I st August 2023, and related credit balances and net gains were adjusted as follows:

(4(i)) Rs. 2,544 Lakhs has been recognized in other income in half year ended 30 September 2023 including Rs.1,699 Lakhs during the quarter ended 30 June 2023;

(4(ii)) Rs. 1,763 lakhs in exceptional items during the half year ended 30 September 2023 including Rs. 1,763 lakhs during the quarter ended 30 June 2023.

Owing to the aforesaid corporate restructuring measures, JKM Erla Holdings GmbH, Germany (JKM Erla), a I 00% WOS of JKM Erla Automotive Limited, India (JEAL), engaged in the business of setting up automotive component processing/manufacturing units and which in turn held I 00% share holdings in 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. In the interim, the 100% shareholdings held by JKM Erla in EEG was assigned to JEAL being the ultimate parent company in India and will not be having any impact on the consolidated financial results of the Group.

for and on behalf of Board of Directors of Dynamatic Technologies Limited

Date: 10 November 2023 Place: Bangalore