Dynamic Industries Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The financial resuts of the company for the quarter ended March 31, 2021 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their meeting held on 3rd June,2021. The results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Segment Reporting as defined in Ind AS 108 is not applicable, since the Company does not have any operating Income.

3. Comparative figures have been rearranged/regrouped wherever necessary.

4. The figures for the quarter ended 31.03.2021 and 31 03.2020 are the balancing figures between Audited Figures for the year ended 31.03.2021 and published year to date figures upto the third quarter ended 31.12.2020.

5. Manufacturing facilities of the Company which we re shutdown in the last week of March 2020 due to countrywide lockdown, resumed 3 operations in a phased manner from the last week of April 2020 ofter obtaining the requisite approvals.

The Company has considered possible effects that may result from COVID-19 in preparation of these financial results including recoverability of inventories, trade receivables and other assets. In developing the assumptions relating to future uncertainties in the economic conditions due to COVID-19, it has, at the date of approval of these financial results, used relevant internal and external sources of information including economic forecasts and expects that the carrying amounts of these assets are recoverable. The impact of COVID-19, including the current wave, may be different from that estimated as at the date of approval of these financial results.