Dynamatic Technologies Ltd. — Regulatory Filings 2018

Dec 31, 2018

DYNAMATIC TECHNOLOGIES LIMITED

•

31st December, 2018

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

Fax No. 022 - 2272 3121/3719/2037/2039/2041/2061

1. The Secretary National Stock Exchangeof India Limited "Exchange Plaza" Bandra-Kurla Complex Bandra East MUMBAI400 051.

Fax No.022 - 265982371 38

Sub: Divestment of Auto division at Chennai Ref: Scrip code: NSE:DYNAMATECHBSE: ; 505242

Dear Sir I Madam,

Further to our communication dated 14th November ²⁰¹⁸ and ²²nd November ²⁰¹⁸ with , regard to divestment of the auto division of the Company located at Chennai ("Auto Division"), we wish to inform you that the Company executed a "Business Transfer Agreement" today with Hi-Tech Arai Private Limited ("Purchaser") on such terms and conditions as deemed fit, thereby concluding the said transaction.

In respect of the divestment of the Auto Division, the Company will receive INR40 Cr as consideration for transfer of all the fixed assets relating to the aluminum business of the Auto Division, which is in excess of the book value of underlying assets, while the Company has carved out and redeployed some machinery worth INR 8 Cr into its other businesses. Additionally, the Purchaser has agreed to acquire the inventories of the Auto Division (approximately around INR 5.5 Cr to 6.5 Cr) on an actual basis at a price that will be determined by the parties upon physical verification.

We kindly request you to take this letter on record.

Thank you.

Yours faithfully, for DYNAMATIC TEC~NOLOGI LIMITED

apathi P

Chief Financial Officer

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

Corporate Identity Number: L72200KA 1973PLC00230B