Dynamic Cables Limited

(Govt Recognised STAR Export House)

(An ISO 9001:2015, 14001:2015 & OHSAS 18001:2007 Company)

Date: 18.07.2020

To,
BSE Limited
BSE SME Platform,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
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Mumbai-400 001 (BY BSE LISTING CENTRE)

Ref: Dynamic Cables Limited - Scrip Code - 540795

Sub.: Outcome of Board Meeting held on Saturday, July 18, 2020 pursuant to vi
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Regulation 30 of the Securities and Exchange Board of India (Listing Obii ations and .....0u
Disclosure Requirements} Regulations, 2015("Listing Regulations"} ::i
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Dear Sir/Madam, u
The Board of Directors of the Company in their meeting held on Saturday, July 18, 2020 at ~
the registered office of the company situated at F-260, Road No. 13 VKI Area, Jaipur, c.<S
Rajasthan (30_2 013), which commenced at 04.00 P.M. and concluded at 05.00 P.M. inter alia, u
transacted the following business: i
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1. Approved the Audited Financial results of the Company for the half year and financial
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year ended on March 31, 2020 along with the Statement of Assets And Liabilities as on vi
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that date and cash flow statement for the financial year ended on March 31, 2020 ::cro
'·•I . pursuant to Regulation 33 of Listing Regulations and look on record the Auditor's u
Report thereon (enclosed herewith). bO
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Further, a declaration duly signed by the Managing Director and the Chief Financial co
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Officer of the company, pursuant lo Regulation 33(3) (d) of Listing Regulations (as vi
amended) read with SEBI Circular CIR/CFD/CMD/56/2016 dated May 27, 2016, to the >
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effect that Auditor's Report has been issued with unmodified opinion on the Audited 1
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Financial Results of the Company for the half year and financial year ended on 0:::
March 31, 2020 is also enclosed herewith. c.<S
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2. Recommended a final dividend of Rs. 0.25 /- per share for the financial year ended on u
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March 31, 2020 on Equity shares of Rs. 10/- each. cu
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3. Appointed Ms. Nehal Sharma (DIN: 08780239) as an Additional Director (Independent) cu
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Pursuant to SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018 "iii
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CIN:L31300RJ2007PLC024139
Regd. Office & Unit-1: F-260, Road No.13, VKI Area, Jaipur-302013 (INDIA)
Ph: +911412262589, 4042005 I Fax.: +911412330182 I Email:info@dynamiccables.co.in
 The details required under Regulation 30 of the Listing Regulations read with SEBI
circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 is given in the enclosed
Arinexure. ·

4. Approved the migration process from SME Board of I3SE to Main Board of BSE

.i,' 5. Approved the Notice of Postal Ballot and other matters connected therewith.
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Further, pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading)
Regulations, 2015 read with Company's Code of Conduct to Regulate, Monitor & Report
Trading by Insiders, the "Trading Window" in respect of the trading in the securities of the
Company will open from Tuesday, July 21, 2020 for the Directors and Key Managerial
Personnel/Designated Persons/ Connected Persons of the Company as defined in the code of
conduct for Prohibition of Insider Trading of the Company.

Kindly take the above on record.

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 Chartered Accountants
Head Office : B. Office:
2A, Raj Apartment, Keshav Path 3, Gangwal Park, Jaipur-4
Ahinsa Circle, C-Scheme, Jaipur-1 Phone: 0141-2618912
Phone: 2361471, 2365513 E-mail : mgargco@airtelmail.in

INDEPENDENT AUDITOR'S REPORT

To The Board Of Directors of

DYNAMIC CABLES LIMITED

Report on the audit of the Financial Results

Opinion
1. We have audited the accompanying half yearly financial results of Dynamic Cables
Limited (the Company) for the half year ended March 31, 2020 and the year to date
results for the period from April 1, 2019 to March 31, 2020, attached herewith,
. being submitted by the company pursuant to the requirement of Regulation 33 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended ("Listing Regulations").
2. In our opinion and to the best of our information and according to the explanations
given to us these financial results:
i. are presented in accordance with the requirements of Regulation 33 of the
Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement
principles laid down in the applicable accounting standards and other
accounting principles generally accepted in India of the net profit and other
comprehensive income and other financial information for the half year
ended March 31, 2020 as well as the year to date results for the period from
April 1, 2019 to March 31, 2020.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (SAs)
specified under section 143(10) of the Companies Act, 2013 (the Act). Our
responsibilities under those Standards are further described in the Auditor's
Responsibilities for the Audit of the Financial Results section of our report. We are
independent of the Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India together with the ethical requirements
that are relevant to our audit of the financial results under the provisions of the

appropriate to provide a basis for our opinion.

 Chartered Accountants
Head Office : B. Office:
2A, Raj Apartment, Keshav Path 3, Gangwal Park, Jaipur-4
Ahinsa Circle, C-Scheme, Jaipur-1 Phone: 0141-2618912
Phone:2361471,2365513 E-mail : mgargco@airtelmail.in

Management's Responsibilities for the Financial Results

4. These half yearly financial results as well as the year to date financial results have
been prepared on the basis of the interim financial statements. The Company's
Board of Directors are responsible for the preparation of these financial results that
give a true and fair view of the net profit and other comprehensive income and other
· financial information· in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting'
prescribed under Section 133 of the Act read with relevant rules issued thereunder
and other accounting principles generally accepted in India and in compliance with
Regulation 33 of the Listing Regulations. This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of
the Act for safeguarding of the assets of the Company and for preventing and
detecting frauds and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and
prudent; and design, implementation and maintenance of adequate internal
financial controls that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and
presentation of the financial results that give a true and fair view and are free from
material misstatement, whether due to fraud or error.
5. In preparing the financial results, the Board of Directors are responsible for assessing
the Company's ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting
unless the Board of Directors either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.
6. The Board of Directors are also responsible for overseeing the Company's financial
reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

7. Our objectives are to obtain reasonable assurance about whether the financial
results as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditor's report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted
. in accordance with S~s will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial results.
 Chartered Accountants
Head Office : B. Office:
2A, Raj Apartment, Keshav Path 3, Gangwal Park, Jaipur-4
Ahinsa Circle, C-Scheme, Jaipur-1 Phone: 0141-2618912
Phone:2361471,2365513 E-mail: mgargco@airtelmail.in

8. As part of an audit in accordance with SAs, we exercise professional judgment and

maintain professional skepticism through out the audit. We also:

• ldent_ify and assess. the risks of material misstatement of the financial results,
whether due to fraud or error, design and perform audit procedures responsive to those
risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design

audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness ofthe company's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness

of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors' use of the going

concern basis of accounting and, based on the audit evidence obtained, whether a
material uncertainty exists related to events or conditions that may cast significant
doubt on the Company's ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditor's report to
the related disclosures in the financial results or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our auditor's report. However, future events or conditions may cause the
Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial results,
including the disclosures, and whether the financial results represent the underlying
transactions and events in a manner that achieves fair presentation.

9. We communicate with those charged with governance regarding, among other

matters, the planned scope and timing of the audit and significant audit findings,
. including any significant deficiencies in internal control that we identify during our

audit.
10. We also provide those charged with governance with a statement that we have
complied with relevant ethical requirements regarding independence, and to
communicate with them all relationships and other matters that may reasonably be
thought to bear on our independence, and where applicable, related safeguards.
 Chartered Accountants
Head Office : B. Office:
2A, Raj Apartment, Keshav Path 3, Gangwal Park, Jaipur-4
Ahinsa Circle, C-Scheme, Jaipur-1 Phone: 0141-2618912
Phone: 2361471, 2365513 E-mail : mgargco@airtelmail.in

Other Matters
11. The annual financial results includes the results for the half year ended 31st March
2020 being the balancing figure between the audited figures in respect of the full
financial year ended March 31, 2020 and the published unaudited year to date
figures up to the first half year of the current financial year.

For Madhukar Garg & Company

Chartered Accountants
ICAI Firm Registration No. 000866C

Sunil Shukla
Partner
M.No.071179
Date: ia"
July, 2020
Place: Jaipur
UDIN: 20071179AAAAA07127
 DYNAMIC CABLES LIMITED
F-260, Road No. 13 V.K.I. Area, Jaipur, Pin: 302013, Rajasthan, India

STATEMENT OF ASSETS & LIABILITIES AS AT 31st MARCH, 2020

CIN:L31300RJ2007PLC024139
(Rs in Lakhs)
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.. For the period ended For the year ended
PARTICULARS 31.03.2020 30.09.2019 , 31.03.2020 31.03.2019
"
(Audited) (Unqudited) (Audited) (Audited)
I
I EQUITY AND LIABILITIES I
(1) Shareholder's Funds
(a) Shore capitol 2,201.40 2,201.40 2,201.40 2.201.40
(b) Reserves & surplus 8,736.37 8,404.51 8,736.37 6,970.49
(c) Money received against share warrants - - - -
10,937.77 10,.605.91 L. 10,937.77 9, in.89
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(2) Share application money pending allotment - - - -
(3) Non-Current Liabilities
(a) Long-term borrowings 4,726.64 4,793.72 4,726.64 4,926.61
{b) Deferred tax liabilities (Net) 87.l l 130.91 87.l l 208.39
(c) Other long term liabilities 12.61 12.61 12.61 12.61
(d) Long-term provisions 100.71 87.97 100.71 67.07
iiig'J7"7 4,927.07 5,025.20 ;cli A }f4,927.07 5,214.69
(4) Current Liabilities
/a) Short-term borrowings 6,962.41 9,074.04 6,962.41 8,036.04
(b) Trade payables
(i) total outstanding dues of micro and small 833.04 807.30 833.04 1,212.98
enterprises
(ii) total outstanding dues of creditors other than 5,428.78 3,353.62 5,428.78 4,528.59
micro and small enterprises
(c) Other current liabilities 1,006.45 819.22 1,006.45 697.42
{d) Short-term provisions 6.34 18.65 6.34 330.55
;; 14,237.02 .. ...
~ 14,072:83 I:.>·, •. J), 14,237.02 •'' 14,805.57

.;;;.~ H,•<>b,MO/'/~u.101.'87
,, . TOTAL EQ{il.Tn, LIABILITIES et: ·: .,,,",., " :;,~; 29;703. 94 'ilt~{? . 30,101.87 "'"'' 29, 192.15

II ASSETS
(1) Non-current assets
/a) Fixed assets
(i) Property, Plant & Equipment 5,566.56 5,945.05 5,566.56 5,750.40
(ii) Intangible assets 14.27 17.20 14.27 21.42
(iii) Capital work in progress - - - -
(iv) Intangible assets under development - - - -
(b) Non current investments - - - -
(c) Deferred Tax assets (Net) - - - -
(d) Long term loans and advances 182.26 175.83 182.26 136.80
(e) Other non current assets 23.37 718.59 23.37 900.83
~'',iS,786.46 1A t 6':asli:66; lti}+;zt 5,786.46 '&.6,809.43
(2) Current assets
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(a) Current investments - - - -
(b) Inventories 5,284.79 7,748.15 5,284.79 5,019.67
(C) Trade receivables 15,227.14 12,596.96 15,227.14 15,462.77
(d) Cash & bank balances 2,106.09 1,339.80 2,106.09 984.92

(e) Short-term loans and advances 1,548.81 1,095.65 1,548.81 816.84

(f) Other current assets 148.57 66.72 148.57 98.52

;g',!;~ 24,315.40 ~ 22,847.28 24,315.40 22,382:72

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30,101.87 ,,29,703.94 YH 30.101.87 29,192.15
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Place : Jaipur
Date: 18th July, 2020
 DYNAM IC CABLES LIMITED
F-260, Rood No. 13 V.K.I. Area, Jaipur, Pin: 302013, Rojoslhon, Indio
STATEMENT OF FINANCIAL RESULTS FOR THE HALF YEAR AND YEAR ENDED ON 31st Morch 2020
CIN:L31300RJ2007PLC024139

PARTICULARS

Revenue from operations (Gross)

Less: Excise Duty & GST
Revenue from Operations (Net) 22,168.58 28,632.84 42,859.01 52,653.75
Other Income 156.26 447.19 286.78 567.36
Ill Total Revenue (1+11) 22,324.84' 29,080.03 · 43,145;79 53,221.11

IV Expenses:
a) Cost of materials consumed 16,754.41 16,323.62 23.495.90 33,078.03 43,709.25
b) Purchase of stock in trade 129.02 437.27 129.02 487.86
Changes in inventories of finished goods. work-in-
) 1.057.65 (866.21) (990.17) 191.44 ( 1.185.50)
c progress and stock-in-Trade
d) Employee benefit expense 787.76 839.28 797.40 1,627.05 1.453.21
e) Financial Costs 809.45 722.93 704.75 1.532.38 1.278.38
f) Depreciation 453.80 442.32 875.72 832.69
g) Other Expenses 1,834.81 3.317.22 3,374.42
Total Expenses (a tog) 26,722:21 40,750.86 49,950.30
Profit /(Loss) before exceptional and extraordinary items
V 485.32 1.909.61 2.357.75 2,394.94 3,270.80
& tax
VI Exceptional items

VII Profit/(Loss) before extraordinary items and tax (V-VI) 485.32 1.909.61 2.357.75 2,394.94 3,270.80

VIII Exlraordinary ilems

IX Profit before tax (VII-VIII) 2,394.94 . _3,270.80
X Tax Expenses :
(1) Current Tax 683.99 1.066.80
(2) Deferred Tax (121.28) 80.84
Profit (Loss) for the period from continuing operations (IX-
XI 2.123.16
X)
XII Profit/(loss) from discontinuing operations
XIII Tax expense of discontinuing operations
XIV Pro!it/(loss) from Discontinuing operations (after tax) (XII-
XIII)
XV Profit (Loss) for the period (XI +XIV) J¥i' 2. 123,ll.

XVI Paid up Equity share capital (at par value of Rs. 1 OJ

XVII Reserves excluding revaluation reserves

XVIII Earning per equity share

(1) Basic 1.51 6.82 6.92 8.32 9.64
(2) Diluted 1.51 6.82 6.92 8.32 9.64

NOTES:
The above financial results were reviewed by the Audit Committee and approved by the board of directors at their respective meeting
held on 18th July. 2020.
2 The Company's business activity fall within a single primary business segment.
3 The Board of Directors have recommended a dividend of Rs. 0.25 per equity share. subject to approval of shareholders in annual general
meeting.
4 The Company has exercised the option of availing lower tax rate of 25.17% (inclusive of surcharge and cess) under section 115BBA of The
Income Tax Act. 1961 introduced by The Taxation Laws (Amendment) ordinance, 2019 effective from 01st April. 2019. Accordingly, the
Company has recognized provision for income tax for the year ended 31st March. 2020 and has remeasured its deferred tax
liabilities/assets (nel) balances resulting in reversal of Rs 42.73 Lakhs.
5 The outbreak of Coronavirus (COYID -19) is causing significant disturbance and slowdown of economic activity in India and across the
globe. The Company has evaluated impact of this pandemic on its business operations. Based on its review and current Indicators of
economic conditions, there is no significant impact on financial results for this year. The Company will continue to closely monitor any
material changes arising of future economic conditions and impact on its business.
6 The figures of half year ended on 31.03.2020 are lhe balancing figure between the audited figures in respect of financial year 2019-20
and half year unaudited figures upto 30.09.2019.
7 The figures for the corresponding previous period have been regrouped/reclassified wherever necessary, to make them comparable.

Place : Jaipur
Date: 18th July, 2020
 DYNAMIC CABLES LIMITED
F-260, Road No. 13 V.K.I. Area, Jaipur, Pin: 302013, Rajasthan, India
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2020
CIN:L31300RJ2007PLC024139
(Rs. in Lakhs)

A. Cash Flow from Operating Activities:

Net Profit before tax 2,394.94 3.270.80
Adjustments for :
Depreciation 875.72 832.69
(Profit)/Loss on sale of Property, Plant and Equipments (9.54) (7.00)
Interest income (163.52) (137.54)
Lease rent (59.79) (103.22)
Unrealized foreign exchange (gain)/loss 257.85 (324.08)
Claim. discount and written off 122.32 486.88
Interest & Finance Charges Paid 1.532.38 2.555.42 1,278.38 2.026.10

Operating Profit before Working Capital Changes 4,950.35 5.296.91

Adjustments for :
Increase / Decrease in Inventories (265.12) (268.43)
Increase / Decrease in Sundry Debtors 147.95 (6.137.87)
Increase/ Decrease in Short Term Loans & Advances (694.81) 847.67
Increase / Decrease in Other Current Assets (47.60) (3.43)
Increase / Decrease in Trade payable & Other Current
618.49 2,768.27
Liabilities
Increase/ Decrease in Short Term Provisions 2.07 1.12
Increase/Decrease in Non Current Liability 33.64 (205.38) l.88 (2.790.80)
Cash Generated from Operations 4.744.97 2,506.11
Direct Taxes Paid (Net) (l.020.50) (744.64)

8. Cash Flow from Investing Activities:

Purchases of Property, Plant and Equipments (701.43) (1,029.56)
Proceeds from sale of Property, Plant and Equipments 26.23 31.46
Interest income 161.07 133.94
Lease Rent 53.31 103.22
Increase / Decrease in Long term Loans & Advances (72.39) (25.21)
Increase / Decrease in Other Non Current Assets 2.46
Increase / Decrease in Fixed Deposits (250.29) (118.89)
(783.50) (902.58)

C. Cash Flow from Financing Activities:

Payment of Dividend and DDT (66.35) (66.35)
Proceeds/Repayment from/of Borrowings (l.340.12) 447.83
Interest & Finance Charges Paid (1,541.08) (2,947.54) (l.238.68) (857.20)

Notes:
l Closing Balance of Cash & Cash Equivalents
Cash on hand 5.67 10.89
Balance in Current Account 0.16 1.51
5.83 12.39

2 Previous year figures have been regrouped and rearranged wherever considered necessary to make them comparable with
those of the current year.
3 The above Cash Flow Statement has been prepared under the indirect method set out in AS-3 notified under Section 133 of
Companies Act, 2013

Place : Jaipur
Date : 18th July, 2020
 Dynamic Cables Limited
'•l
I,
I I
I I
' 1· (Govt Recognised STAR Export House)
(An ISO 9001:2015, 14001:2015 & OHSAS 18001:2007 Company)

Date: 18.07.2020

To,
BSE Limited
BSE SME Platform,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai-400 001

Ref: Dynamic Cables Limited - Scrip Code - 540795

vi
....
Sub: Declaration in compliance with Regulation 33 (~_(.!!) of Securities and Exchange
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Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 "'C
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Dear Sir / Madam,
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In compliance with the regulation (3)(d) of Securities and Exchange Board of India (Listing c.<S
Obligations & Disclosure Requirements) Regulations, 2015 (as amended), we do hereby confirm u
and declare that M/s Madhukar Garg & Co., Chartered Accountants (Firm Registration No .. i
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000866C, Peer Review Certificate No. 012080 ) Statutory Auditors of the Company have. issued V')
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the Audited Report with Unmodified Opinion, in respect of Audited Financial Results of the
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I company for the half year and year ended on March 31, 2020 duly reviewed and recommended Q)

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by the Audit Committee of the company and approved by the board of direct.ors of the company . 15
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at their respective meetings held on Saturday, July 18,. 2020. eo
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You are therefore, kindly requested to place the aforesaid information on records C
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Thanking You,

For Dynamic Cables Lirriited

Chief Financial Officer

. CIN:L31300RJ2007PLC024139
Regd. Office & Unit-1: F-260, Road No.13, VKI Area, Jaipur-302013 (INDIA)
Ph: +911412262589, 4042005 I Fax: +911412330182 I Email:info@dynamiccables.co.in
 ANNEXURE

Appointment of Ms. Nehal Sharma {DIN: 08780239) as Additional Director {Independent)

of Dynamic Cables Limited.

S.No. Details of events that need to be Information o f such event (s)

provided
-------------
1. Reason for change VlZ. appointment, Ms. Nehal Sh arma has been appointed as
resignation, removal, death or Additi:onal Di rector (Independent) on the
otherwise Board of the· co mpany.
2. Date of appointment/ cessation (as Date of appoin tment with effect from July 18,
applicable) & term of appointment 2020 till the conclusion of ensuing Annual
General Mcctin g.
- -
3. Brief profile (in case of appointment) Ms. Nehal Sh-arma is engaged into teaching
activities al a Private Institute located in
Jaipur. She po ssesses First Class Honors in

B.Sc. Busines s Management. · from King's.

College London , · United Kingdom. Earlier she
was associated with Deloitte India, Mumbai.

4. Disclosure of relationships between Ms. Nehal Sh arma is not related to any

directors(in case of appointment of a Director of the Company.
director)
5. Disclosure pursuant to SEBI Circular Ms. Nchal s harma is not de barred from
No. LIST/COMP/ 14/2018-19 dated holding the off1cc of director by virtue of any
June 20, 2018 SEBI order or a ny other such authority.

I•