Dynamatic Technologies Ltd. — Interim / Quarterly Report 2024

Aug 9, 2023

9[th] August 2023

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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 1[st] August 2023, we write to inform you that the significant matters arising out of the Board Meeting held today i.e., 9[th] August 2023, at Eisenwerk Erla GmbH, Gießereistraße, 08340, Schwarzenberg, Germany are appended as under:

1. The Board considered and approved the Standalone and Consolidated unaudited Financial Results for the quarter ended 30[th] June 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 has pursuant to the recommendation of the Nomination and Remuneration Committee, appointed Ms. Gaitri Issar Kumar (DIN: 10245539) as an Additional Director in Independent capacity (Non-Executive Independent Director) of the Company. Her appointment shall take effect from 9[th] August 2023, details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 enclosed with this letter.

3. Completion of term of two independent directors:

Mr. Govind Mirchandani (DIN: 00022583), Chairman & Independent Director and Ms. Malavika Jayaram (DIN: 02252302), Independent Director of the Company, will cease to be directors of the Company upon completion of their term on 14[th] August 2023.

Mr. Govind Mirchandani and Ms. Malavika Jayaram joined the Board of Directors of the Company in the year 2008.

The Company places on record its sincere appreciation for the contribution made by Mr. Govind Mirchandani and Ms. Malavika Jayaram, during their tenure on the Board of the Company.

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Proprietary Information of Dynamatic Technologies Limited
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Consequent to Mr. Govind Mirchandani ceasing to be the Chairman and Independent Director upon completion of his tenure with effect from 14th August 2023, Mr. Pierre de Bausset, who is serving as an Independent Director, has been elected by the Board of Directors as the new Chairman.

The composition of the Board of Directors of the Company continues to be in compliance with the requirements prescribed under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

The meeting of the Board of Directors held today commenced at 2:30 pm GMT and concluded at 5:45 pm GMT.

The aforesaid information is also available on the website of the company at www.dynamatics.com

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

Thank you. Yours faithfully,

for DYNAMATIC TECHNOLOGIES LIMITED

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Shivaram V

Head - Legal, Compliance & Company Secretary

Enclosure: as above

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Proprietary Information of Dynamatic Technologies Limited
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Disclosure required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, is as under

Appointment of Ms. Gaitri Issar Kumar (DIN: 10245539)

Sl No		Particulars	Disclosures
1		Reasons for change viz. Appointment, ~~resignation, removal-death-or-otherwise~~	Appointment of Ms. Gaitri Issar Kumar as an Additional Director (Non-Executive Independent Director)of the Company
		~~g,~~
2		Date of appointment~~/Cessation (as applicable)~~ & terms-of appointment	Appointed w.e.f. 9th August 2023, in the category of Non- Executive Independent Director for a period of five years subject to approval of shareholders.
3		Brief Profile (in case of Appointment)	Ms. Gaitri Issar Kumar is a retired Indian Foreign Service (IFS) officer from the 1986 batch. Her last posting was as the High Commissioner of India to the United Kingdom. As High Commissioner, Ms. Kumar prioritised deepening Indo-UK ties and trade post-Brexit. Prior to that, she served as Ambassador to Belgium, the European Union, and Luxembourg. She also had stints as the Deputy Chief of Mission at the Indian Embassy in Paris and Counsellor at the Permanent Mission of India in Geneva, as well as at the Ministry of External Affairs in Delhi
4		Disclosure of relationship between directors (in case of Appointment of a Director)	She is not related to any of the Directors on the Board.
5		Other Directorship and category and Membershipof Committee	Not Applicable

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Proprietary Information of Dynamatic Technologies Limited
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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 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 ended June 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

11. 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 five subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total revenues of Rs. 23,841 lakhs for the quarter ended June 30, 2023, total net profit after tax of Rs. 4,175 lakhs for the quarter ended June 30, 2023 and total comprehensive income of Rs. 4,175 lakhs for the quarter ended June 30, 2023, 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 three subsidiaries which have not been reviewed by their auditors, whose financial results reflect total revenue of Rs. 39 lakhs for the quarter ended June 30, 2023, total profit after tax of Rs. 7 lakhs for the quarter ended June 30, 2023 and total comprehensive income of Rs. 7 lakhs for the quarter ended June 30, 2023, 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: 23206920BGYMGY7210

Schwarzenberg August 9, 2023 SPK/LS/2023

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308

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

Statement of Consolidated Financial Results for the quarter ended 30 June 2023

	( in lakhs, except as otherwise stated)	( in lakhs, except as otherwise stated)	( in lakhs, except as otherwise stated)	( in lakhs, except as otherwise stated)
SJ. Particulars No.	3 months ended 30 June 2023 (Unaudited)	Preceding 3 months ended 31 March 2023 (Refer Note 6)	Corresponding 3 months ended in previous period 30 June 2022 (Unaudited)	Previous year ended 31 March 2023 (Audited)
1 Income a) Revenue fom operations b) Other income (Refer Note 5) Total income (a+b) 2 Expenses a) Cost of materials and components consumed b) Change in inventor of fnished goods and work-in-progress c) Employee benefits expense d) Finance costs e) Depreciation and amortisation expense t) Other expenses Total expenses (a+b+c+d+e+f 3 Proft befre tax and exceptional items (I - 2) 4 Exceptional Gain/(Loss) - (Refr Note 5) 5 Proft befon• tax (3 + 4) 6 Tax expense/ (credit) a) Curent tax b) Defred tax Tot,'1 tax expense (a+b) 7 Proft after tax (5 - 6) 8 Other comprehensive income/(loss) (OCI) i) Items that wil11101 be reclassified subseq11e11tly to sratement of proft a11d loss a) Remeasurement gain/(loss) on defned beneft plans b) Income tax relating to items that will not be reclassifed to statement of proft and loss ii) Items that wil1 be reclassifed subseq11e11rly to Statement af proft and loss a) Foreign currency fuctuations under a cash fow hedge - gain/(loss) b) Exchange diferences in translating fnancial statements of freign operations 9 Other comprehensive income/ (loss) fr the pei-iod, net of tax 10 Total comprehensive income/ (loss) fr the period (7+8) 11 Paid-up equity share capital (face value ofINR JO/- each) 12 Reserves (Other equity) Earnings per equity share Earnings per share Basic and diluted (INR)	36,251 2,026	36,788 716	31,096 64	1.31,577 976
	38,277 16,641 736 7,443 1,290 1,590 7,731	37,504 31,160 [7,949 15,621 (219) (538) 6,187 6,218 1,512 1,476 1,654 1,845 7,925 5,567		1,32,553 65,957 (2,855) 25,342 6,538 7,042 25,007
	35,431	35,008 30,189		1,27,031
	2,846	2,496 971		5,522
	1,763	- -		-
	4,609 2,496 971 232 563 193 241 177 (39) 473 740 154			5,522 1,667 (424) 1,243
	4,136 1,756		817	4,279
	(22) (166) 119 6 42 (30) 83 36 (210) 603 559 (859) 670 471 (980) 4,806 2,227 (163)			(15) 4 (324) 1,01 I 676 4,955
	679 -	679 634 - - (not annualised) (not annualised) 27.53 12.89		679 53.5 l 8 ( annualised) 67.32
	(not annualised) 60.91

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DYNAMATIC TECHNOLOGIES LIMITED

CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAl'\1.ATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVANAHALLI, BANGALORE -562110, INDIA Statement of Consolidated Financial Results fo1· the quarte1· ended 30 June 2023

Annexure I : Statement of Consolidated segment wise revenue, results, assets and liabilities for the quarter ended 30 June 2023

		( · I kh t ti l11 a·s, excep as o 1er1se sta e t d)	( · I kh t ti l11 a·s, excep as o 1er1se sta e t d)	( · I kh t ti l11 a·s, excep as o 1er1se sta e t d)	( · I kh t ti l11 a·s, excep as o 1er1se sta e t d)
SI. No. 1 2 3 4	Particula1·s Segment revenue a) Hydraulics b) Aerospace c) Metallurgy d) Others Revenue fom 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 Prnfit before tax Segment assets a) Hydraulics b) Aerospace c) Metallurgy d) Others e) Unallocated Segment assets t Assets classifed as held for sale (Refer Note 4) Total assets Segment liabilities a) Hydraulics b) Aerospace c) Metallurgy d) Others e)Unallocated	3 months ended 30 June 2023 (Unaudited) l l,57 l 10,379 14,224 77 36,251 1,293 1,335 972 (773) (717)	Preceding 3 months ended 31 March 2023 (Refer Note 6) 11,868 11,936 12,984 - 36,788 1,845 2,199 711 (764) (699)	Corresponding 3 months ended in previous period 30 June 2022 (Unaudited) 11,061 9,649 10,386 - 31,096 1,706 1,587 (3 I) (105) (774) 2,383 (1,476) 64 - 971 36,714 60.914 27.400 4,467 6,643	Previous year ended 31 March 2023 (Audited) 46,166 43,737 41,661 13 1,31,577 7,502 7.905 (42) (1.336) (2,945) 11,084 (6,538) 976 - 5,522 41,510 66,775 29,959 5.520 l 7,554
		2,110 (1,290) 2,026 1,763	3,292 (l,512) 716 -
		4,609 41,167 61.826 28,646 6,335 16,856	2,496 41,510 66,775 29,959 5,520 17,554
		1,54,830 5,562	1,61,318 5,562	1,36,138 5.562	1,61,318 5,562
		1,60,392	1,66,880	1,41,700	1,66,880
		22,346 10,031 9,262 3,100 56,650	22,553 11,844 l 1,857 2,588 63,84!	20.258 13,705 9,132 1.607 59,023	22,553 11,844 11,857 2,588 63,841
	Se!ment liabilities	1,01,389	1,12,683	1,03,725	1,12,683

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DYNAMATIC TECHNOLOGIES LIMITED CIN: L72200K.U973PLC002308

JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEV ANAHALLI, BANGALORE - 562110, INDIA Stntement of Consolidated Financial Results for the quarter ended 30 June 2023

Notes:

• The above consolidated financial results of the Company as reviewed by the Audit Comminee has been approved by the Board of Directors at its meeting held on 09 August 2023. The results for the quarter ended 30 June 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 ended 30 June 2023.

2 Information on standalone financial results:

Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review fr June 2023. Infrmation on standalone fnancial results:	Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review fr June 2023. Infrmation on standalone fnancial results:	Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review fr June 2023. Infrmation on standalone fnancial results:	Company. The statutory auditors of the Company has issued an unmodified conclusion in respect of the limited review fr June 2023. Infrmation on standalone fnancial results:	the quarter ended 30
Preceding 3 months ended Particulnn; 30 June 2023 3 months ended 31 March 2023 (Unaudited) (Refer Note 6)			(R in fnkhs, ecept Corresponding 3 months ended in previous period 30 June 2022 (Unaudited)	as othenvise stated)
				Previous year ended 31 March 2023 (Audited)
a. Revenue	12.846	15,005	13,627 58.112
b. Proft befre tax c. Profit afer tax	819 613	1,915 1,037	640 4.382 525 2,915

• 3 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 management is actively pursuing its plan to dispose the Windfarm land admeasuring 364 acres, situated at Varapani Village. Sulur Taluk. Coimbatore to the Government of Tamil Nadu. for sening up the proposed Southern Defence Industrial Corridor. During the year ended 31 March 2023. the Company had received Notification bearing No. 18 l 89/2021. issued by the District Collector Office. Coimbatore. for acquiring the Company's Wind Farm lands admeasuring 364 acres, and the private negotiations in respect to the same has been concluded. The Company is awaiting formal communication in this regard for the closure of the transaction.

• 5 As communicated earlier. 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.

• Subsequently. EEG had submitted a financial resolution plan to the court, based on which a creditors· meeting was convened by the Chemnitz court on 28 June 2023. in which the aforesaid resolution plan was voted and approved by the Creditors in favour of EEG.

• We have now received communication from EEG that the local court at Chemnitz, vide its final decision/order dated 27 July 2023. has ended the protective shield by self-administration proceedings with effect from O I August 2023, by accepting the legally binding confinnation of the financial resolution plan submitted by EEG. With this all-creditor balances have been adjusted and proceedings closed. The consolidated results for the quarter ended 30 June 2023 include net gains (net of expenses) Rs. 3.462 Lakhs from the aforesaid approved restructuring plan. The net gains have been included under Other income Rs. 1.699 Lakhs and Exceptional Gain Rs. I. 763 Lakhs.

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

for and on behalf of Board of Directors of �Dynamatic Technologies Lim · � l O Udayant Malhoutr>1 � � CEO and Managing D <?. :& . ts, .1i.0 Dr, R ' ' .:, ·[,,'<,� ] , i;;, } Date: 09 August 2023 Place: Schwarzenbarg. Germany

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 ended June 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: 23206920BGYMGZ4846

Schwarzenberg August 9, 2023 SPK/LS/2023

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DYNAt"\IATIC TECHNOLOGIES LIMITED CIN: L72200KA1973PLC002308

JKM PLAZA, DYNAMATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEVAt�AHALLI, BAt�GALORE- 562110, INDIA

Statement of Standalone Financial Results for the qua11er ended 30 June 2023

SI.Partculars No. 1 Income a) Revenue fom operations b) Otber income Total income (a+b) 2 Expenses a) Cost of raw materials and components consumed b) Changes in inventories of fnished goods and work-in-progess c) Emloyee benefts expense d) Finance costs e) Depreciation and amorisation expense f Otber expenses Total expenses (a+b+c+d+e+f 3 Proft befre tax (1 - 2) 4 Tax e:\pense a) Current tax b) Defrred tax Total tax expense (a+b) 5 Prft fr the peliod (3 - 4) 6 Other comprehensive income/(loss) (OCI) i) Items that will not to be reclassiied subsequently to statement o( pro.t and loss a) Remeasurement gain/(loss) on defned beneft plans b) Income tax relating to items tbat wiJI not be reclassifed to statement of proft and loss ii) Items that will be reclassied subseq11e11tzv to S1ateme11t of profr and loss a) Foreig curency fuctuations under a cash fow hedge - gain/(loss) Other comprehensive income/ (loss) fr the period, net of tax 7 Total comprehensive income fr the period (5+6) 8 Paid-up equity share capital (fce value ofI 10/- each) 9 Reserves (Otber equity) Earnings per equity share Basic and Diluted (IR) See accompanymg notes to tbese fmancial results.	(R i11 lak/s, ecept as ot/envie stated) Preceding Corresponding 3Previous year 3 months ended months endedin 30 June 2023 3 months endedprevious period ended 31 March 2023 31 March 2023 (Unaudited) (Refer Note 5) 30 June 2022 (Audited) (Unaudited) 12,846 15,005 13,627 58,112 283 384 30 536 13,129 15,389 13,657 58,648 5,788 6,729 6,604 27,207 530 188 (214) (189) 1,902 2,077 2,149 9,218 991 1,096 1,201 5.158 492 485 742 2.419 2,607 2,899 2,535 10.453	(R i11 lak/s, ecept as ot/envie stated) Preceding Corresponding 3Previous year 3 months ended months endedin 30 June 2023 3 months endedprevious period ended 31 March 2023 31 March 2023 (Unaudited) (Refer Note 5) 30 June 2022 (Audited) (Unaudited) 12,846 15,005 13,627 58,112 283 384 30 536 13,129 15,389 13,657 58,648 5,788 6,729 6,604 27,207 530 188 (214) (189) 1,902 2,077 2,149 9,218 991 1,096 1,201 5.158 492 485 742 2.419 2,607 2,899 2,535 10.453
	12,310 13,474 13,017 54,266 819 1,915 640 4,382 270 862 161 1.582 (64) 16 (46) (115) 206 878 115 1,467 613 1,037 525 2,915
	(22) (166) 119 6 42 (30) 83 36 (210)	( 15) 4 (324)
	67 (88) (121) (335)
	680 949 404 2,580 679 679 634 679 - - - 50,304 (not annualised) (not anualised) (not annualised) (annualised) 9.03 16.24 8.28 45.86

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DYNAl'1A TIC TECHN'OLOGIES LIMITED CIN: L 72200KA1973PLC002308

JKM PLAZA, DYNAl'1ATIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEV Ai"AHALLI, BANGALORE - 562110, INDIA Statement of Standalone Financial Results for the quarter ended 30 June 2023

Annexure I: Statement of Standalone segment wise revenue, SI.Pa11iculars No. 1 Segment revenue a) Hydraulics b) Aerospace c) Others Revenue from operations 2 Segment results [proft/ (loss) befre fance costs, other income and tax fom each segment] a) Hydraulics b) Aerospace c) Others d) Unallocated Total Unallocable - Fiance Cost - Other income Proft befre tax 3 Segment Assets a) Hydraulics b) Aerospace c) Others d) Unallocated Segment assets e) Assets classifed as held fr sale (Refer Note 3) Total assets 4 Segment Liabiliies a) Hydraulics b) Aerospace c) Others d) Unallocated Total Segment Liabilites	results, assets and liabilities fr the quarter ended 30 June 2023 (NR i,, /akhs, ecept as otherise stated)
	Corresponding 3 months ended Preceding 3 months ended Previous year 30 June 2023 3 months ended in previous ended (Unaudited) 31 March 2023 period 31 March 2023 (Refe1· Note 5) 30 June 2022 (Audited) (Unaudited)
	7,923 7,970 8,617 33,544 4,923 7,029 5,010 24,558 - 6 - 10 12,846 15,005 13,627 58,112 1.480 1.553 1,739 6,738 927 1,9 I 7 967 5,743 ( 163) (153) (121) (541) (717) (690) (774) (2.936)
	1,527 2,627 1,811 9,004
	(991) (1,096) (1,201) (5.158) 283 384 30 536 819 1,915 640 4,382
	17,846 17.274 17.445 17.274 41,764 45,046 40,167 45.046 630 628 571 628 47,380 48,495 40,656 48.495 1,07,620 1,11,443 98,839 1,11,443 5,562 5,562 5,562 5,562
	1,13,182 1,17,005 1,04,401 1,17,005
	9.809 10,263 10,721 10,263 3.645 4,555 6,025 4,555 794 712 658 712 47,272 50,492 49.310 50,492 61,520 66,022 66,714 66,022

See accompanying notes to the financial results.

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DYNAMA TIC TECHNOLOGIES LIMITED CIN: L 72200KA1973PLC002308 JKM PLAZA, DYNAMA TIC AEROTROPOLIS, 55, KIADB AEROSPACE PARK, DEV ANAHALLL BANGALORE - 562110, INDIA

Statement of Standalone Financial Results for the quarter ended 30 June 2023

Notes:

• The above standalone financial results of the Company as reviewed by the Audit Committee has been approved by the Board of Directors at its meeting held on 09 August 2023. The results for the quarter ended 30 June 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 ended 30 June 2023.

• 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 is actively pursuing its 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. During the year ended 31 March 2023, the Company had received Notification bearing No. 18189/2021, issued by the District Collector Office, Coimbatore, for acquiring the Company's Wind Farm lands admeasuring 364 acres, and the private negotiations in respect to the same has been concluded. The Company is awaiting formal communication in this regard for the closure of the transaction.

• 4 As communicated earlier, 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.

• Subsequently, EEG had submitted a financial resolution plan to the court, based on which a creditors' meeting was convened by the Chernnitz court on 28 June 2023. in which the aforesaid resolution plan was voted and approved by the Creditors in favour of EEG.

• We have now received communication from EEG that the local court at Chernnitz, vide its final decision/order dated 27 July 2023. has ended the protective shield by self-administration proceedings with effect from 01 August 2023, by accepting the legally binding confirmation of the financial resolution plan submitted by EEG. With this, all creditor balances have been adjusted and proceedings closed.

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

J or and on behalf of Board of Directors of Dynamatic ~~Technolo~~ · ~~es Limited~~ :=> Udayant Malhoutra �{;,.:-,, . ... CEO and Managing Director: Date: 09 August 2023 Place: Schwarzenbarg, Germany