Dynamatic Technologies Ltd. — Interim / Quarterly Report 2023

Feb 10, 2023

DYNAMATIC TECHNOLOGIES LIMITED

I 0[th ] February 2023

To, The Manager - Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 00 I. Seri Code: 505242	To, The Manager-Listing Departm National Stock Exchange of Ind Exchange Plaza, Plot No. C/1, G Bandra-Kurla Complex, Sandra Mumbai - 400 051. S mbol: DYNAMATECH	ent, ia Ltd., - Block, (East),

Dear Sir/ Madam,

Sub.: Outcome of the Board Meeting held on lO'h Februar 2023 in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

This is with reference to the above mentioned subject, we, Dynamatic Technologies Limited (the "Company") would like to inform you that the Board of Directors of the Company at its meeting held today i.e. I 0[th ] February 2023 has, inter-alia, considered and approved the following:

• I. December Un-Audited Standalone and Consolidated Financial Results for the quarter ended 31[st ] 2022, along with the limited review report by Statutory Auditors of the Company. Copy of the Un­ Audited Financial Results have been enclosed incompliance with the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015.

• Issue of upto 4,50,000 (Four Lakh and Fifty Thousand) Equity Shares of face value Rs. I 0/- (Rupees Ten Only) each ("Equity Shares") for cash at a price of Rs. 2,509/- (including a premium of Rs. 2,499/- per Equity Share) for an amount upto Rs. 112,90,50,000/- (Rupees One Hundred and Twelve Crore Ninety Lakhs Fifty Thousand only) to the below mentioned Non-Promoter persons, ("Proposed A1lottees"), on a preferential basis ("Preferential Issue") in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 20 I 8 ("SEBI (ICDR) Regulations"), as amended, subject to the approval of the shareholders of the Company at the Extraordinary General Meeting and such regulatory/ statutory authorities as may be applicable:

Sr. No. I.	Sr. No. I.	Name of the Proposed Category Allottees	No. of Equity Shares	No. of Equity Shares	Issue Amount(in Price Rs.) fin Rs.) ' ·- ·1 :: 2,509/- 62, 72,50,000/-
		AL Mehwar Non- Promoter Commercial Investments Group - (Foreign L.L.C.-(NOOSA) Portfolio Investor)	2,50,000
2. 3.		Cohesion MK Best Ideas Non- Promoter Sub-Trust Group - (Foreign Portfolio Investor) Abakkus Diversified Non- Promoter Aloha Fund. Scheme of Grouo-(Alterative		1,50,000	2,509/- 37,63,50,000/-
				50,000	2,509/- 12,54,50,000/-

Rogiatored Office Oynamatic Technologies Limited JKM Plaza Oynamat,c Aerotropolis 55 KIADB Aerospace Perk Oevanahalli Bangalore 562 110 India Tel +91802111 1223 +91 80 2204 0535

www.dynamatics.com

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Corporate Identity Number: L72200KA 1973PLC002308

DYNAMATIC TECHNOLOGIES LIMITED

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	Abakkus Growth Fund (CAT 3 AIF)	Investment Fund)	Investment Fund)
Total				4 50 000			112.90 50 000/-

The infonnation in this regards pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No.CIR/CFD/CMD/4/2015 dated September 9, 2015, is enclosed as Annexure-1.

The Board has approved draft Notice of the Extraordinary General Meeting (EGM) to be held on Thursday, 09[th ] March, 202 3 at 11.30 A.M (1ST) through Video Conferencing ('VC') or other Audio- Visual Means ('OA VM') for seeking shareholder's approval for the matter mentioned in point 2 above.

The Meeting of the Board of Directors commenced at 14:00 P.M. and concluded at 20:00 P.M.

We request you to take this infonnation on your records & kindly acknowledge the receipt of the same.

Thanking you, Yours Sincerely, te _ __ For Dynamatic Techno�ies Limi c"No10 dt?IA � 6� Shivaram V � i Head - Legal, Compliance an Qu tC1,, etary 1 �

Encl.: a/a.

Regletered Office Oynamatlc Technologies Limited JKM Plaza Oynamatic Aerotropolis 55 KIADB Aerospace Park Devanahalli Bangalore 562 110 India Tel +91802111 1223 +91 BO 2204 0 www.dynamatics.com

Corporate Identity Number: L 72200KA 1973PLC002308

DYNAMATIC TECHNOLOGIES LIMITED

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ANNEXURE- I

Disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated September 9, 2015 are as under:

4. (i) (ii) (iii) (iv) (v) (vi) In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange( s ): Names and number of the investors: Post allotment of securities:- Outcome of the Subscription Issue Price Number of Investors: Categor Incaseof convertibles- intimationon conversion of securities or on lapse of the tenure of the instrument; Namesofthe investors: No of Shares to be, , subscribed in prefrential allotment. AL Mehwar Commercial 2,50,000 Investments L.L.C. - (NOOSA) Cohesion MK Best Ideas 1,50,000 Sub-Trust Abakkus Diversified Alpha 50,000 Fund, Scheme of Abakkus Growth Fund (CAT 3 AIF) Refer Annexure - A Issue Price is Rs. 2,509/- per Equity Share including Face Value of Rs. 10 per Equity Share and premium of Rs. 2 499/- oer Eauit Share. 3 (Three) Non-Promoter Not Applicable	4. (i) (ii) (iii) (iv) (v) (vi) In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange( s ): Names and number of the investors: Post allotment of securities:- Outcome of the Subscription Issue Price Number of Investors: Categor Incaseof convertibles- intimationon conversion of securities or on lapse of the tenure of the instrument; Namesofthe investors: No of Shares to be, , subscribed in prefrential allotment. AL Mehwar Commercial 2,50,000 Investments L.L.C. - (NOOSA) Cohesion MK Best Ideas 1,50,000 Sub-Trust Abakkus Diversified Alpha 50,000 Fund, Scheme of Abakkus Growth Fund (CAT 3 AIF) Refer Annexure - A Issue Price is Rs. 2,509/- per Equity Share including Face Value of Rs. 10 per Equity Share and premium of Rs. 2 499/- oer Eauit Share. 3 (Three) Non-Promoter Not Applicable	4. (i) (ii) (iii) (iv) (v) (vi) In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange( s ): Names and number of the investors: Post allotment of securities:- Outcome of the Subscription Issue Price Number of Investors: Categor Incaseof convertibles- intimationon conversion of securities or on lapse of the tenure of the instrument; Namesofthe investors: No of Shares to be, , subscribed in prefrential allotment. AL Mehwar Commercial 2,50,000 Investments L.L.C. - (NOOSA) Cohesion MK Best Ideas 1,50,000 Sub-Trust Abakkus Diversified Alpha 50,000 Fund, Scheme of Abakkus Growth Fund (CAT 3 AIF) Refer Annexure - A Issue Price is Rs. 2,509/- per Equity Share including Face Value of Rs. 10 per Equity Share and premium of Rs. 2 499/- oer Eauit Share. 3 (Three) Non-Promoter Not Applicable
For Dynamatic Technoloys Lim'ted ~~�~~ .(,. Sh��� Head - Legal, Compliance and

Registered Office Oynam8tic Technologies Limited JKM Plaza DynamatIc Aerotropohs 55 KIADB Aerospace Park Oevanahalli Bangalore 562 110 India Tel +91 80 2111 1223 +91 80 2204 0535 www.dynamatics.com

Corporate Identity Number: L72200KA 1973PLC002308

DYNAMATIC TECHNOLOGIES LIMITED

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Annexure-A

Post allotment of securities- outcome of the subscription:

Sr. No.	Name of the Propose Allottees	Pre Issue Shareholding	Pre Issue Shareholding	Issue of Post Issue Equity Shareholding Shares No. of (Present Shares Issue) (No) %of Share holding	Issue of Post Issue Equity Shareholding Shares No. of (Present Shares Issue) (No) %of Share holding	Issue of Post Issue Equity Shareholding Shares No. of (Present Shares Issue) (No) %of Share holding
		No. of Shares	% of Share holdin g			%of Share holding
I. 2.	AL Mehwar Commercial Investments L.L.C.-(NOOSA) Cohesion MK Best Ideas Sub-Trust Abakkus Diversified Alpha Fund, Scheme of Abakkus Growth Fund (CAT 3 AIF)	Nil	Nil	2,50,000 2,50,000 I 50 000 1.50 000 50,000 50,000		3.68
		Nil	Nil			2.21
~~.~~ -·		Nil	Nil			0.74

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Registered Office Dvnamatlc Technologies Limited JKM Plaza Dynamatic Aerotropolis 55 KIADB Aerospace Park Devanahalli Bangalore 562 110 India Tel +91 BO 2111 1223 +91 BO 2204 0635 www.dynamatics.com

Corporate Identity Number: L72200KA1973PLC002308

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 nine months ended December 31, 2022 (“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

11. JKM Automotive Limited, India

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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 five subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total revenues of Rs. 17,562 lakhs and Rs. 53,432 lakhs for the quarter and nine months ended December 31, 2022 respectively, total net profit after tax of Rs. 274 lakhs and Rs. 986 lakhs and total net profit for the quarter and nine months ended December 31, 2022 and total comprehensive income of Rs. 274 lakhs and Rs. 986 lakhs for the quarter and nine months ended December 31, 2022 respectively as considered in the Statement. The financial results have been reviewed by the other auditors whose reports have been furnished to us or other auditors, 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 include the financial results of three subsidiaries which have not been reviewed by their auditors, whose financial results reflect total revenue of Rs. 36 lakhs and Rs. 105 lakhs for the quarter and nine months ended December 31, 2022 respectively, total profit after tax of Rs. 8 lakhs and Rs. 76 lakhs for the quarter and nine months ended December 31, 2022 respectively and total comprehensive income of Rs. 8 lakhs and Rs. 76 lakhs for the quarter and nine months ended December 31, 2022, 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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Bengaluru, February 10, 2023 SPK/LS/2023

Sathya P. Koushik Partner Membership No. 206920 UDIN: 23206920BGYMCC5998

DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE- 562110, INDIA Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2022

	(NR in lakhs, except as otherise stated) Preceding 3 monthsCorresponding 3 Year to date fgureYear to date fgure 3 months ended ended months ended in fr the current fr the previous Previous year ended 31 December 2022 30 September 2022 previous period period ended period ended 31 March 2022 (Unaudited) (Unaudited) 31 December 2021 31 December 2022 31 December 2021 ·(Audited) (Unaudited) (Unaudited) (Unaudited) 31,321 32,372 30,770 94,789 93,246 1,25,337 97 99 34 260 326 822 31,418 32,471 30,804 95,049 93,572 i,26,159 15,705 16,682 14,552 48,008 45,673 61,491 (734) (1,364) 696 (2,636) 944 13 6,355 6,582 6,492 19,155 18,915 25,604 1,896 1,654 1,324 5,026 4,210 5,901 1,680 1,863 1,967 5,388 5,730 7,682 5,800 5,715 4,730 17,082 15,614 21,306 30,702 31,132 29,761 92,023 91,086 1,21,997 716 1,339 1,043 3,026 2,486 4,162 458 453 278 1,104 896 1,201 (444) (118) (37) (601) (114) (245) 14 335 241 503 782 956 702 1,004 802 2,523 1,704 3,206 (1,659) (1,659) ~~-~~ (1,659) (1,659) 702 1,004 802 2,523 45 1,547 129 (97) - 151 (31) (231) (32) 24 - (38) 8 58 (35) (115) 45 (360) 13 (28) 2,512 (1,20 I) (68) 452 112 (81) 2,574 (1,389) (23) 205 102 (282) 3,276 (385) 779 2,728 147 1,265 634 634 634 634 634 634 37,507 (not annualised) (not annualised) (not annualised) (not annualised) (not annualised) (annualised) 11.07 15.84 12.65 39.79 26.88 50.57 - (26.17) (26.17) 11.07 15.84 12.65 39.79 0.71 24.40
SI. No. Particulars
1 2 3 4 5 6 7 8 9 10 11 12 13 Continuing operations Income a) Revenue from operations b) Other income Total income (a+b) Expenses a) Cost of materials and components consumed b) Change in inventmy of fnished goods and work-in-progress c) Employee benefts expense d) Finance costs e) Depreciation and amortisation expense f) Other expenses Total expenses (a+b+c+d+e+t Proft fom continuing operations befre tax (1 - 2) Tax expense/ (credit) a) Current tax b) Deferred tax Total tax expense (a+b) Proft after tax fom continuing operations (3 - 4) Discontinued operations (Refer Note 4) Loss from discontinued operations Loss after tax fom discontinued operations Profit/ (loss) fr the period (5+7) Other comprehensive income/(loss) (OCI) i) Items that will not be reclassifed subsequently to statement of proft and loss a) Remeasurement gain/(loss) on defned beneft plans b) Income tax relating to items that will not be reclassified to statement of proft and loss ii) Items that will be reclassifed subsequently to Statement of proft and loss a) Foreign currency fuctuations under a cash fow hedge - gain/(loss) b) Exchange differences in translating fmanc1al statements of foreign operations Other comprehensive income/ (loss) fr the period, net of tax Total comprehensive income/ (loss) fr the period (8+10) Paid-up equity share capital (face value ofINR 10/- each) Reserves (Other equity) Earnings per equity share Earnings per share (fr continuing operations) Basic and diluted (INR) Loss per equity share (fr discontinued operations) Basic and diluted (INR) Earnings/ (loss) per equity share (fr continuing ;md discontinued operations) Basic and diluted (INR)

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE- 562110, INDIA Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2022

SI.No. Annexure I : Statement of Consolidated segment wise rev Particulars	enue, results, assets and liabilities for the quarter and nine months ended 31 December 2022 (NR in /akhs except as otherise stated) Preceding 3 months Corresponding 3 Year to date figure Year to date fgure Previous year 3 months ended months ended in for the current for the previous 31 December 2022 ended previous period period ended period ended ended (Unaudited) 30 September 2022 31 December 2021 31 December 2022 31 December 2021 31 March 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 11,139 12,098 10,782 34,298 30,965 42,366 11,208 10,944 9,561 31,801 26,077 36,014 8,964 9,327 10,222 28,677 35,971 46,501 10 3 205 13 233 456 31,321 32,372 30,770 94,789 93,246 1,25,337 2,011 2,011 31,321 32,372 30,770 94,789 95,257 1,27,348 1,839 2,112 1,545 5,657 4,092 6,057 2,088 2,031 1,884 5,706 4,117 5,645 (469) (253) (315) (753) 338 407 (312) (155) (246) (572) (901) (997) (631) (841) (535) (2,246) (1,276) (1,871)
I 2 3 4 Segment revenue a) Hydraulics b) Aerospace c) Metallurgy d) Others Revenue fom operations (continuing operations) e) From discontinued operations - (Refer note 4) Total revenue fom operations (continuing and discontinued operations) Segment results [proft/ (loss) befre fnance costs, other income and tax fom each segment) a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Total (continuing operations) f) From discontinued operations - (Refer note 4) Total (continuing and discontinued operations) Unallocable - Finance costs - Other income Proft/ (loss) befre tax (continuing and discontinued operations) Segment assets a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Segment assets related to continuing operations f) Other assets classified as held for sale (Refr Note 5) Total assets (continuing and discontinued operations) Segment liabilities a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Segment liabilities related to continuing operations f) Liabilities directly associated with Assets classified as held for sale (Refer Note 5) Total liabilities(continuing and discontinued operations)
	2,515 2,894 2,333 7,792 6,370 9,241 (1,659) (1,659)
	2,515 2,894 2,333 7,792 4,711 7,582 (1,896) (1,654) (1,324) (5,026) (4,210) (5,901) 97 99 34 260 326 822 716 1,339 1,043 3,026 827 2,503 39,172 36,734 33,740 39,172 33,740 36,344 65,695 61,745 58,969 65,695 58,969 59,643 29,793 26,022 26,301 29,793 26,301 27,294 4,941 4,650 3,784 4,941 3,784 3,752 5,685 4,887 5,813 5,685 5,813 6,059 1,45,286 1,34,038 1,28,607 1,45,286 1,28,607 1,33,092 5,562 5,562 5,562 5,562 5,562 5,562 1,50,848 1,39,600 1,34,169 1,50,848 1,34,169 1,38,654 21,356 20,426 18,159 21,356 18,159 19,698 14,368 12,540 15,453 14,368 15,453 13,403 9,872 8,176 7,810 9,872 7,810 10,555 2,036 1,543 732 2,036 732 859 62,537 59,512 54,995 62,537 54,995 55,998 1,10,169 1,02,197 97,149 1,10,169 97,149 1,00,513 1,10,169 1,02,197 97,149 1,10,169 97,149 1,00,513

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DYNA MA TIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE - 562110, INDIA Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2022

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 10 February 2023. The results for the quarter and nine months ended 31 December 2022 has been reviewed by the Statutory auditors of the Company and they have issued an unmodified conclusion.

2 Information on standalone financial results

es: 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 10 February 2023. The results fr the quarter and nine months ended 31 December 2022 has been reviewed by the Statutory auditors of the Company and they have issued an unmodified conclusion. Infrmation on standalone financial results	es: 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 10 February 2023. The results fr the quarter and nine months ended 31 December 2022 has been reviewed by the Statutory auditors of the Company and they have issued an unmodified conclusion. Infrmation on standalone financial results	es: 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 10 February 2023. The results fr the quarter and nine months ended 31 December 2022 has been reviewed by the Statutory auditors of the Company and they have issued an unmodified conclusion. Infrmation on standalone financial results
INR in lakhs, ecept as otherie stated) Preceding 3 months Corresponding 3 Year to date fgureYear to date fgure 3 months ended months ended in fr the current fr the previous Previous year ended Particulars 31 December 2022 ended previous period period ended period ended 31 March 2022 30 September 2022 (Unaudited) (Unaudited) 31 December 202131 December 202231 December 2021 (Audited) (Unaudited) (Unaudited) (Unaudited) a. Revenue 14,160 15,320 14,415 43,107 40,852 54,897
b. Profit before tax 859 c. Profit after tax 673	968 1,553 680 1,177	2,467 3,807 5,296 1,878 2,888 3,965

The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and post[-] employment benefits that received Presidential assent have not been notified. Further, the related rules for quantifying the financial impact have not been notified. The Group will assess the impact of the Codes when the rules are notified and will record any related impact in the period the Codes become effective.

• 4 The Board of Directors of Dynamatic Manufacturing Limited (formerly known as JKM Ferrotech Limited) ('DML'), a wholly owned subsidiary of the Company, vide its meeting dated 1 February 2021 had approved the term sheet and plan for sale of its foundry business, situated at SIPCOT Industrial Complex, Gumidipoondi, Thiruvallur, Tamil Nadu to Danblock Brakes India Private Limited (DBIPL). Subsequently DML and DBIPL executed an Asset Purchase Agreement on 7 April 2021, which were subject to certain customary closing conditions. All closing conditions were met and the Company received a net consideration of INR 7,041 lakhs on 22 July 2021.

The results of the aforesaid discontinued operations ( of the foundry business of DML, which represents the Indian operations of the "Automotive and Metallurgy" segment) are as under:

The results of the afresaid discontinued operations ( of the foundry business of DML, which represents the Indian operations of the "Automotive and Metallurgy" segment) are as under:	The results of the afresaid discontinued operations ( of the foundry business of DML, which represents the Indian operations of the "Automotive and Metallurgy" segment) are as under:	The results of the afresaid discontinued operations ( of the foundry business of DML, which represents the Indian operations of the "Automotive and Metallurgy" segment) are as under:
(JNR in lakhs, ecept a otherie stated)
3 months ended Particulars 31 December 2022 (Unaudited)	Preceding3 Corresponding 3 months ended months ended in previous period 30 September 2022 (Unaudited) 31 December 2021 (Unaudited)	Year to date fgureYear to date fgure Previous year fr the current fr the previous ended period ended period ended 31 March 2022 31 December 202231 December 2021 (Audited) (Unaudited) (Unaudited)
Revenue ~~-~~ Expenses -	- ~~-~~ - -	~~-~~ 2,011 2,011 - 3,670 3,670
Loss before tax -	~~-~~ ~~-~~ ~~-~~ (1,659) (1,659)

The management was actively pursuing its plan for disposal of the Windfarm land to the Government of Tamil Nadu towards the proposed Southern Defence Industrial Corridor. During the quarter, the Company has received Notification from Tamil Nadu Government bearing No. 18189/2021, issued by the District Collector Office, Coimbatore, for acquiring the Company's Wind Farm lands admeasuring 370 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore, for setting up of Defence Industrial Corridor. The transaction is expected to be completed soon.

• 6 Pursuant to an internal restructuring approved by the Board of directors, the Company has entered into an agreement with Eisenwerk Erla GmBH ("EEG") (a step down wholly owned subsidiary of the Company) to purchase equity interest of 24.62% held by EEG in Dynamatic Manufacturing Limited, another subsidiary of the Company. The tra11sacliun will be consummated on completion of the requisite procedural formalities.

• 7 On 10 August 2022, the Board of Directors of the Company have declared an interim dividend of Rs.3 per equity share (30%) for the financial year 2022-23 and subsequently the same is paid to shareholders during the quarter ended 30 September 2022.

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DYNAMA TIC TECHNOLOGIES LIMITED

CIN: L72200KA1973PLC002308

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

Statement of Consolidated Financial results for the quarter and nine months ended 31 December 2022

Notes:

• 8 Dynamatic Manufacturing Limited (Formerly known as JKM Ferrotech Limited) ('DML'), a wholly owned subsidiary of the Company, had entered into an Assets Purchase agreement with the Company dated O l September 2022. Based on this agreement, during the current quarter the Company has initiated the transfer of plant and Machinery alongside identified employees to DML.

• 9 The Company's step-down subsidiary Eisenwerk Erla GmbH, Germany (EEG) is in the process of transformation from automotive/foundry-focus to aerospace business. Considering the various challenges viz.; supply chain crisis at OEMs; current inflation in Europe; steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through "Protective Shield process by self -administration" under the applicable German Laws vide application dated 29 November 2022. The application is under process with regulatory authorities, and a reorganisation plan is simultaneously being worked out with customers, bankers and vendors for new terms and conditions benefiting the business operations. In the interim period, the protective shield provides an estoppel against existing bank obligations following which the company will pay "Asset Usage charges" until appropriate terms and conditions are reset with the banks. Under this process, Federal Employment Agency will disburse 3 months employee payroll. Accordingly, EEG has recognised grant of EURO 521,000 as part payment for December'22.

• 10 The Board of Directors vide today's meeting approved allotment of 4,50,000 equity shares to non-promoter persons on preferential basis for an amount of INR. 112,90,50,000 (Rupees one hundred twelve crore ninety lacs and fifty thousand only), in accordance with Chapter V of the Securities and Exchange Board oflndia (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR) Regulations"), as amended, subject to the approval of the shareholders of the Company at the Extraordinary General Meeting and such regulatory/ statutory authorities as may be applicable. The proceeds of the preferential allotment alongside divestment proceeds from Windfarm land shall primarily be utilized towards prepayment of debt and optimizing the balance sheet.

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for and on behalfof Board of Directors of
Dynamatic Technologies
Udayant Malhoutra
CEO and Managing Dir
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Date: 10 February 2023 Place: Bangalore

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru – 560 001 Karnataka, India

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Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR’S 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 nine months ended December 31, 2022 (“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: 23206920BGYMCB5892

Bengaluru, February 10, 2023 SPK/LS/2023

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

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

Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2022

SI. No. Particulars	( in lakhs, ecept as otherise stated) Preceding 3 months Corresponding 3 Year to date fgureYear to date fgure Previous year 3 months ended ended months ended in fr the current for the previol ended 31 December 2022 previous period period ended period ended 30 September 2022 31 March 2022 (Unaudited) (Unaudited) 31 December 2021 31 December 2022 31 December 2021 (Audited) (Unaudited) (Unaudited) (Unaudited) 14,160 15,320 14,415 43,107 40,852 54,897 61 61 (7) 152 740 1,124 14,221 15,381 14,408 43,259 41,592 56,021 6,526 7,348 6,552 20,478 17,512 23,625 (61) (102) (70) (377) 1,642 1,417 2,444 2,548 2,522 7,141 6,667 9,130 1,552 1,309 974 4,062 3,281 4,734 522 670 738 1,934 2,283 3,032 2,379 2,640 2,139 7,554 6,400 8,787 13,362 14,413 12,855 40,792 37,785 50,725
l 2 3 4 5 6 7 8 9 Income a) Revenue from operations b) Other income Total income (a+b) Expenses a) Cost of raw materials and components consumed b) Changes in inventories of finished goods and work-in-progess c) Employee benefts expense d) Finance costs e) Depreciation and amortisation expense f) Other expenses Total expenses (a+b+c+d+e+f) Profit before tax (l - 2) Tax expense a) Current tax b) Defrred tax Total tax expense (a+b) Proft for the period (3 - 4) Other comprehensive income/(loss) (OCI) i) Items that will not to be reclassied subsequently to statement of proft and loss a) Remeasurement gain/(loss) on defined benefit plans b) Income tax relating to items that will not be reclassifed to statement of profit and loss ii) Items that will be reclassified subsequently to Statement of proft and loss a) Foreign curency fluctuations under a cash fow hedge - gain/(loss) Other comprehensive income/ (loss) for the period, net of tax Total comprehensive income fr the period (5+6) Paid-up equity share capital (face value of INR 10/- each) Reserves (Other equity) Earnings per equity share Basic and Diluted (INR)
	859 968 1,553 2,467 3,807 5,296
	236 323 390 720 958 1,342 (50) (35) (14) (131) (39) (11) 186 288 376 589 919 1,331 673 680 1,177 1,878 2,888 3,965 129 (97) 151 (31) (231) (32) 24 (38) 8 58 (35) (115) 45 (360) 13 (28) 62 (188) 45 (247) (10) (201) 735 492 1,222 1,631 2,878 3,764 634 634 634 634 634 634 36,668 (not annualised) (not annualised) (not annualised) (not annualised) (not annualised) (annualised) 10.62 10.73 18.56 29.62 45.55 62.54

See accompanying notes to these financial results.

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

DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2022

Annexure I : Statement of Standalone segment wise revenue, results, assets and liabilities for the quarter and nine months ended 31 December 2022

(INR in lakhs, except as otherwise stated)

	(INR in lakhs, ecept as otherwise stated)
SI. No. 1 2 3 4 Particulars Segment revenue a) Hydraulics b) Aerospace c) Others Revenue from operations Segment results [proft/ (loss) before fnance costs, other income and tax from each segment] u) Hydraulics b) Aerospace c) Others d) Unallocated Total Unallocable - Finance Cost - Other income Proft before tax Segment Assets a) Hydraulics b) Aerospace c) Others d) Unallocated Segment assets e) Assets classified as held fr sale (Refer Note 3) Total assets Segment Liabilities a) Hydraulics b) Aerospace c) Oters d) Unallocated Total Segment Liabilities	Preceding 3 months Corresponding 3 Year to date fgureYear to date fgure Previous year 3 months ended months ended in fr the current for the previous ended ended 31 December 2022 previous period period ended period ended 30 September 2022 31 March 2022 (Unaudited) 31 December 2021 31 December 2022 31 December 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 7,640 9,317 8,035 25,574 22,562 30,621 6,519 6,000 6,380 17,529 18,261 24,235 I 3 4 29 41 14,160 15,320 14,415 43,107 40,852 54,897 1,507 1,939 1,547 5,185 J,9)6 5,634 1,627 1,232 1,791 3,826 4,386 6,002 (153) (114) (270) (388) (718) (859) (631) (841) (534) (2,246) (1,276) (1,871) 2,350 2,216 2,534 6,377 6,348 8,906 (1,552) (1,309) (974) (4,062) (3,281) (4,734) 61 61 (7) 152 740 1,124
	859 968 1,553 2,467 3,807 5,296 17,133 17,252 15,215 17,133 15,215 16,586 42,464 41,507 37,990 42,464 37,990 38,294 586 575 559 586 559 546 39,466 39,753 39,818 39,466 39,818 39,686
	99,649 99,087 93,582 99,649 93,582 95,112 5,562 5,562 5,562 5,562 5,562 5,562 1,05,211 1,04,649 99,144 1,05,211 99,144 1,00,674
	10,104 10,304 9,169 10,104 9,169 10,094 4,964 5,428 5,777 4,964 5,777 5,157 727 680 650 727 650 630 50,673 50,229 47,133 50,673 47,133 47,491 66,468 66,641 62,729 66,468 62,729 63,372

See accompanymg notes to the financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED

CIN: L 72200KA1973PLC002308

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

Statement of Standalone Financial Results for the quarter and nine months ended 31 December 2022

Notes:

• The above standalone financial results for the quarter and nine months ended 31 December 2022 of the Company as reviewed by the Audit Committee and has been approved by the Board of Directors at its meeting held on 10 February 2023. The results for the quarter and nine months ended 31 December 2022 has been reviewed by the Statutory auditors of the Company and they have issued an unmodified conclusion.

• 2 The Code on Wages, 2019 and Code on Social Security, 2020 ("the Codes") relating to employee compensation and post-employment benefits that received Presidential assent have not been notified. Further, the related rules for quantifying the financial impact have not been notified. The Company will assess the impact of the Codes when the rules are notified and will record any related impact in the period the Codes become effective.

• 3 The management was actively pursuing its plan for disposal of the Windfarm land to the Government of Tamil Nadu towards the proposed Southern Defence Industrial Corridor. During the quarter, the Company has received Notification from Tamil Nadu Government bearing No. 18189/2021, issued by the District Collector Office, Coimbatore, for acquiring the Company's Wind Farm lands admeasuring 370 acres, situated at Varapatti Village, Sulur Taluk, Coimbatore, for setting up of Defence Industrial Corridor. The transaction is expected to be completed soon.

• 4 Pursuant to an internal restructuring approved by the Board of directors, the Company has entered into an agreement with Eisenwerk Erla GrnBH ("EEG") (a step down wholly owned subsidiary of the Company) to purchase equity interest of 24.62% held by E.EG in Dynamatic Manufacturing Limited, another subsidiary of the Company. The transaction will be consummated on completion of the requisite procedural formalities.

• 5 On 10 August 2022, the Board of Directors of the Company have declared an interim dividend of Rs.3 per equity share (30%) for the financial year 2022· 23 and subsequently the same is paid to shareholders during the quarter ended 30 September 2022.

• 6 The Company's step-down subsidiary Eisenwerk Erla GmbH, Germany (EEG) is in the process of transformation from automotive/foundry-focus to aerospace business. Considering the various challenges viz.; supply chain crisis at OEMs; current inflation in Europe; steep and unpredictable increase in the cost of gas and electricity being faced by corporations across Europe, EEG undertook corporate restructuring measures through "Protective Shield process by self -administration" under the applicable German Laws vide application dated 29 November 2022. The application is under process with regulatory authorities, and a reorganisation plan is simultaneously being worked out with customers, bankers and vendors for new terms and conditions benefiting the business operations. In the interim period, the protective shield provides an estoppel against existing bank obligations following which the company will pay "Asset Usage charges" until appropriate terms and conditions are reset with the banks. Under this process, Federal Employment Agency will disburse 3 months employee payroll. Accordingly, EEG has recognised grant of EURO 521,000 as part payment for December'22.

• 7 The Board of Directors vide today's meeting approved allotment of 4,50,000 equity shares to non-promoter persons on preferential basis for an amount of INR. 112,90,50,000 (Rupees one hundred twelve crore ninety lacs and fifty thousand only), in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR) Regulations"), as amended, subject to the approval of the shareholders of the Company at the Extraordinary General Meeting and such regulatory/ statutory authorities as may be applicable. The proceeds of the preferential allotment alongside divestment proceeds from Windfarm land shall primarily be utilized towards prepayment of debt and optimizing the balance sheet.

for and on behalf of Board of Directors of Dynamatic Technologie Udayant Malhoutra CEO and Managing D

Date: 10 February 2023 Place: Bangalore