Paramatrix Technologies Limited — Others, 11-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Paramatrix Technologies Limited has confirmed there were no deviations in the utilization of funds raised through its Initial Public Offering for the half-year ended September 30, 2024. The total amount raised was ₹3,034.68 crores, and the funds have been allocated as per the objectives outlined in the IPO prospectus. The Audit Committee has reviewed this statement, which has now been certified by the statutory auditors. This clarity on fund utilization may enhance investor trust, contributing to a positive outlook for the stock as it underscores the company’s adherence to stated financial goals and operational transparency.