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With reference to the earlier announcement dated July 04, 2008, Dynamatic Technologies Ltd has now informed BSE that the approval of Board of Directors of the Company to increase in limit for Foreign Institutional Investors (FII) holding in the Equity share capital to 100% and to convene an EGM on July 29, 2008 for the said purposes been indefinitely post-poned due to some unavoidable reasons. Consequently, notices to the shareholders have not been sent.

Dynamatic Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has approved the following:

1. Recommendation of a Final Dividend of 50% for the financial year 2007-08.

2. Induction of Mr. Govind Mirchandani and Ms. Malavika Jayaram as additional Directors of the Company.

Dynamatic Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 27, 2008, inter alia, to consider the following :

1. To consider and adopt the Accounts for the year ended March 31, 2008.

2. To recommend Dividend.

3. To fix the date of Annual General Meeting.

Dynamatic Technologies Ltd has informed BSE that in respect of results for the last quarter of the financial year ended March 31, 2008, the Company will publish audited results within a period of 3 months from the end of the last quarter (end of June, 2008) instead of publishing un-audited results for the last quarter ended gist March, 2008 within 30 days of the end of the quarter.

Further the Company has informed that the un-audited results for the quarter ended March 31, 2008 would not be published and no such Board meeting would be held to consider and adopt the last quarter results by end of April, 2008.

Dynamatic Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 25, 2008, inter alia, has approved the following, consequent to the merger:

1. Appointment of Mr. B Seshnath as an Executive Director of the Company consequent to merger of JKM Daerim Automotive Ltd with the Company. He was earlier ED&COO, JKM Daerim Automotive Ltd.

2. Allotment of 617,143 Equity shares to Udayant Malhoutra & Company Pvt Ltd., the shareholder of JKM Daerim Automotive Ltd (the Transferor Company), consequent to merger.

Dynamatic Technologies Ltd has informed BSE about the sad demise of Mr. Malhoutra, Chairman and Founder Promoter of the Company on March 17, 2008.

Further the Company has informed that, the Board of Directors of the Company at its meeting held on March 25, 2008 has approved the appointment of Mr. Vijai Kapur, Director as Chairman, in place of late Mr. J K Malhoutra.

Dynamatic Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 25, 2008, to consider the following:

1. Allotment of Equity Shares to the shareholders of JKM Dae Rim Automotive Ltd (the Transferor Company), consequent to merger.

2. Appointment of Whole-time Director/s.

Dynamatic Technologies Ltd has informed BSE that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

“1) As explained in Note II to the Statement, based on a legal opinion obtained by the Company, the effect of the merger of JKM Daerim Automotive Ltd (a significant subsidiary) with the Company, (from the appointed date i.e. April 01, 2007), has not been considered in determining the results for the quarter ended December 31, 2007 and the year to date results for the period April 01, 2007 to December 31, 2007, (including the necessary information for segmental reporting) as the scheme becomes effective from the date it is filed with the Registrar of Companies (i.e. February 21, 2008).

2) The Company has availed certain foreign currency loans and entered into currency swaps as detailed in Note III to the Statement. These loans have been converted at the quarter end rate applicable for the swapped currency instead of the currency in which it was borrowed resulting in recognition of additional profit of Rs 5,705,078.”