Paramatrix Technologies Approves Auditor Re-appointments, Extends IPO Proceeds Utilization Timeline
Paramatrix Technologies Limited has finalized several key corporate decisions following its Board meeting held on August 11, 2026. The board approved the re-appointment of auditors and directors, detailed the notice for the upcoming Annual General Meeting (AGM), and granted an extension period for utilizing unutilized Initial Public Offer (IPO) proceeds.Auditor and AGM Matters
The Board reviewed and approved matters concerning the company's statutory checks and the forthcoming AGM.The re-appointment of auditors for the Financial Year 2026-27 was confirmed based on recommendations from the Audit Committee. M/s. Deep Shukla & Associates, led by Mr. Deep Shukla (FCS 5652 & CP 5364), was approved as the Secretarial Auditor. Meanwhile, M/s. L. B. Kale & Co., Chartered Accountants (Firm Registration No. 121957W), was re-appointed as the Internal Auditor for the same period.
The notice of the 22nd Annual General Meeting (AGM) and the Annual Report for the Financial Year ended March 31, 2026, were also approved. The company announced that the AGM will be conducted via Video Conferencing (VC) or other Audio-Visual Means (OAVM), with NSDL facilitating electronic voting and VC procedures.
The Board further appointed Mr. Deep Shukla of Deep Shukla & Associates as the Scrutinizer to oversee the remote e-voting process during the 22nd AGM.
| Auditor | Appointed For | Firm Name / Details | Date of Re-appointment |
|---|---|---|---|
| Secretarial Auditor | Financial Year 2026-27 | M/s. Deep Shukla & Associates (Mr. Deep Shukla) | August 11, 2026 |
| Internal Auditor | Financial Year 2026-27 | M/s. L. B. Kale & Co. (Firm Registration No. 121957W) | August 11, 2026 |
Director Reappointment and IPO Extension
The Board of Directors considered the re-appointment of Mrs. Bhavna Thumar, Executive Director. Based on the recommendation of the Nomination and Remuneration Committee, the director, who retires by rotation, was approved for re-appointment, subject to shareholder approval at the ensuing AGM.Mrs. Bhavna Thumar, who is a Founding Promoter and holds a Bachelor's degree in Commerce (B.Com.) from Saurashtra University, has over 22 years of experience in finance and administration management. She is the spouse of Mr. Mukesh Thumar, Managing Director & CEO, with whom she shares the role of Promoters of the Company.
In addition to these governance matters, the Board granted an extension for utilizing unutilized IPO proceeds up to March 31, 2028. The board noted that this decision was made in consideration of ongoing implementation schedules, prevailing geopolitical uncertainties, war-like situations in certain regions, and volatility in the international business environment. The company confirmed that no change exists regarding the objects of the Issue as stated in the Prospectus dated August 16, 2024.
PARAMATRIX Stock Price Movement
Shares of Paramatrix Technologies Limited settled at ₹58.25 in post-market trading today, closing with zero change for the day. No volume or movement was recorded during the session close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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