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

1. The above financial results were reviewed by the Audit Committee and approved by the board of directors at their respective meeting held on 09th June 2021.

2. The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended. The
Company has migrated from SME Board to Main Board from October 2020 and therefore adopted Ind AS during the year with the transition date as l April 2019. Financial results for all the periods presented above have been prepared in accordance with the recognition and measurement principles of Ind AS. 34 - Interim Financial Reporting.

3. The Company has opted to avail the relaxations provided by the Securities & Exchange Board of India, vide its circular CIR/CFD/FAC/62/2016 dated 5 July 2016. The Company has migrated from BSE SME Exchange to BSE Main Board w.e.f. 01st October, 2020. Earlier the Company was required to give results on half yearly basis only. Hence, comparative figures for quarter ended 31st March 2020 are not presented.

4. The format for unaudited quarterly results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with requirements of SEBI's Circular dated July 05, 2016, Ind AS and Schedule Ill (Division II) to the Companies Act. 2013 which are applicable to companies that are required to comply with Ind AS.

5. The Board of Directors have recommended a dividend of Rs. 0.25 per equity share, subject to approval of shareholders in annual general meeting.

6. The Company's business activity fall within a single primary business segment.

7. In view of Lockdown across the country due to COVID 19 pandemic the company's operations for the period ended 31.03.2021 were affected and are not comparable with those of previous/corresponding period. The Company has made a detailed assessment of its liquidity position, recoverability and carrying value of its assets as at the reporting date and has concluded that there are no material adjustment required in the financial results. Management believes that it has taken into account all the possible impact of known event and economic forecast based on internal and external source of information arising from COVID 19 pandemic while making such assessment in the preparation of financial results.

8. The figures for the corresponding previous period have been regrouped/reclassified wherever necessary.

9. The above figures are available on the website of the company at www.dynamiccables.co.in and stock exchange viz.

10. The above Cash Flow Statement has been prepared under the indirect method set out in IND AS 7 "Statement of Cash Flows"

11. The reconciliation of net profit reported for the year ended March 31, 2020 in accordance with previous GAAP to total comprehensive income in accordance with IND AS Is given below :

For Table, kindly refer Corporate Announcements on www.bseindia.com.

12. Reconciliation of equity as at March 31, 2020

For Table, kindly refer Corporate Announcements on www.bseindia.com.

Ashish Mangal
Managing Director