Paramatrix Technologies Limited — Others, 03-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Paramatrix has announced a board meeting on the financial results for the quarter and half-year. The company has filed a mediation application against Finnovus Technologies Private Limited to recover Rs. 62.74 lakh outstanding for services rendered between April and August 2024. The dues remain unpaid despite repeated follow-ups, leading to legal action in the District & Sessions Court, Belapur. Successful recovery will boost Paramatrix’s liquidity and support its day-to-day operations, positively impacting its financial position.