Paramatrix Technologies Limited — Updates, 22-04-2025: Press Release

Paramatrix Technologies has announced a strategic equity buyback, signaling strong confidence in its fundamentals and growth prospects. The buyback will involve repurchasing up to 4,60,800 equity shares, accounting for 5.27% and 4% of the total equity shares as of March 31, 2024, and March 31, 2025, respectively. The shares will be bought at ₹130 each, resulting in a total expenditure of approximately ₹5.99 crore, excluding transaction costs.

Promoters have voluntarily opted out of this buyback, underscoring their belief in the company's strategic direction. This initiative will be funded through free reserves and securities premium, representing 23.09% of the total equity share capital as per audited financials for FY24.

CEO Mukesh Thumar emphasized the buyback's role in creating sustained value and maintaining a robust balance sheet. With a mission to empower various industries through innovative IT solutions, Paramatrix reported a total income of ₹28.60 crore, EBITDA of ₹5.65 crore, and profit after tax of ₹4.13 crore in FY24. This buyback likely points to a positive outlook for the company, as it aims to optimize capital structure and enhance shareholder value.