Dynamatic Technologies Ltd. — Proxy Solicitation & Information Statement 2023

Mar 2, 2023

2"d Marclt2023

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Dcar Sir / Matlam,

Sub: Corrigcndum to the Notice of thc Extra Ordinary Gcncral Mceting to be hcltl on 9il' March 2023.

This is rvith relerence to the above rnentioned subject and in continuation to our intimation dated l3tl' Fcbrttary, 2023, we, Dynamatic Technologies Limited (the "Company") would like to inform that the Board of Directors of the Company had approved today i.e.2"d March,2023,inter-alia, considered ancl taken on record the Addendum to thc Valuation Report of Equity Shares of the Cornpany obtained from lndependent Registered Valuer- Bhavin R. Patel & Associates, issued by Mr. Bhavin R. Patel, pursuant to ncccssary observations receivcd from NSE through letter no. Ref: NSE/LIST/34382 dated Febnrary 15, 2023 and February 20, 2023 on application filecl rvith National Stock Exchange of India Lirnited, for seeking inprinciple approval in relation to the proposed preferential issue of Equity Shares.

In the said Addendum to the Valuation Repofl, the Independcnt Registered Valuer has consiclerecl the Income Approach (Discountcd Cash Flow (DCF) Method) to arrive thc fair value of Equity Shares of the Company. Consequeutly, there is no change in the issue price for the proposed preferential issue as proposed in the Notice of EGM

In this regard, thc Company hereby submit the corrigendum to thc notice of Extra Ordinary Gcncral Meeting ("BGM") schcclulccl 1o he helcl on Thursclay, gtl'March, 2023 at 11.30 a.m. (lST) througlr Video Conferencing / Other Auclio-Visual Mcans.

Copy of the said corrigenclunr to thc EGM Notice is also uploaclcd on the u,ebsite of thc Conrpany i.e. https ://clynanl at ics.coln/lnvcstors/Reports/

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'We rcquest you to takc the abovc inforntation ort recold.

Thanking you,

Yours Sinccrcly, rrri{eíl -;1For I)5'nnnrltic 'I'cchnoloSiT Li

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Cort)ora tc ldcntity Nurnbc r : L7 22OAK|\1 973 Pt-C002308

CORRIGENDUM TO THE NOTICE OF THE EXTRAORDINARY GENERAL MEETING

An Extraordinary General Meeting f'EGM',) of the Members of Dynamatic Technologies Limited ("the Company") is scheduled to be held on Thursday, 9ú March, 2023 at 1l:30 a.m. (IST) through Video conferencing ("vc")/ other Audio-Visual Means f,oAvM").

The Notice of the EGM ("EGM Notice") was dispatched to the Shareholders of the Company on 13ü February, 2023 in due compliance with the provisions of the Companies Act, 2013, and iutes made thereunder, read with circulars issued by Ministry of Corpoiate Affairs and Securities Dxchange Board of India. Capitalized words and expressions used but not defined herein shall have the same meaning as assigned to them in the EGM Notice.

The Company had filed applications with the stock exchanges namely, National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE"), for seeking in-principle approval in relation to the proposed preferential issue of Equity Shares, for which the ãpproval of the shareholders is being sought. Thereafter, the Company has received. necessary observations from NSE through letter no. Ref: NSE/LIST/34382 dated February 15,2023 and February 20,2023, pursuantlo which, the valuer has issued addendum dated 28ú Febru ary 2023 to the Valuation ieport dated Bù February 2023, which has been taken on record by the Board of Directors ("Boaid"¡ of the Company ott !'d March 2023 and has formed an opinion that there is no change in the issue price fixed in its meeting held on 1On February, 2o23 and, therefore, approved the issuance of this Corrigendum notifying the amendments/ modifications with respect io certain disclosures under the explanatory statement, which is annexed to the Notice 1,,Explanatory Statement',), as mentioned herein:

Paragraph 3 of point 4) "Basis on which the price has been arrived at and justification for the price including premium, íf any and Name and Address of the valuer who performed. Valuation" of the Bxplanatory Statement to the EGM Notice, shall be substituted and read as under:

"Further, in terms of Regulation 1664 of the SEBI (ICDR) Regulations and Article 13 (b) (ii) of the Articles of Association of the Company, the Company has obtained a valuation report àated Btl' February 2023 read rvith addendum dated 28tl'February 2023 to valuation report from Bhavin R. Patel & Associates, issued by Mr. Bhavin R Patel, Independent Registered Valuer, having office at 79, Nirman Park, B/h Pramukh Prasad Society, Manjalpur, Vadodara, Gujarat -- ³⁹⁰⁰¹¹ (valuation report together r'vith addendum referred as "Valuation Report"). The price determincd by Independent Registercd Valuer in its Valuation Report considering all the valuation methods (inclr-rding Income Approach, Asset Approach and Market Approach) is Rs. 2,SOZ.Sgl- (Rupees Two Thousand Five Ilundred Seven and Fifty Nine Paise only) per Equity Share. Thc Board of Directors of the company in its mecting dated February lo,2023 has fixed the issue price at Rs. 2,509/- u'hich is higher than the pricc arrived by thc Independent Registerecl Valuer. The valuation report and addendum to the valuation report shall be available for ins¡rection by the Members at thc Meeting and u'ill also be rnade available on thc Company's r'ebsitc and *,ill bc ac ce s si b le at I i n I< : btþ ^s:. /JjV¡A¡1 qU_ç s_.ç e_¡n/ t nve SJo rs / ⁿep o rt{

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Cor¡rorate ldentity Nurnber L7220AKN973P 1C002308

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This Corrigendum to the EGM Notice shall form an integral part of the EGM Notice, which has already been circulated to the Shareholders of the Company and on and from the date hereof, the EGM Notice shall always be read in conjunction with this Corrigendum. This Corrigendum is also being published in the Business Standard (English) and Sanjevani (Kannada) and also will be made available on website of both the stock exchanges i.e. BSE and NSE and on the website of the Company at https://dynamatics.com/Investors/Reports/

All other contents of the EGM Notice, save and except as modified or supplemented by this Corrigendum, shall remain unchanged.

By order of the Board For Dynamatic Technologies Limited

Place: Bangalore Date: 2^nd March, 2023

Shivaram V Head - Legal, Compliance and Company Secretary Membership No. A19173

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

Corporate Identity Number: L72200KA1973PLC002308