ALPHA TRIBE

Paramatrix Technologies LimitedOthers, 19-05-2025: Shareholders meeting

19-05-2025 | 05:00 pm

Paramatrix Technologies Limited has announced a board meeting to approve a buy-back of up to 4,60,800 equity shares at Rs. 130 each, with a maximum outlay of Rs. 5.99 Cr. This buy-back equals 5.27% of the paid-up equity capital and roughly 23% of the standalone paid-up capital and reserves. Strong shareholder approval with over 75% participation reflects confidence in returning value and optimizing the company’s capital structure, which could enhance shareholder wealth and improve financial metrics.

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