String Metaverse Limited has fixed Friday, June 19, 2026, as the record date to determine the eligibility of public shareholders for the issuance of bonus equity shares. The company will issue these shares in a ratio of 2:9, meaning eligible public shareholders will receive two bonus equity shares of Re. 1/- each for every nine fully paid-up equity shares of Re. 1/- each held as on the record date. This issuance is aimed at achieving and maintaining the prescribed 25% Minimum Public Shareholding (MPS) requirements.

The bonus shares will be issued exclusively to eligible public shareholders holding equity shares as on the record date. Promoter and Promoter Group shareholders are not entitled to receive any bonus equity shares pursuant to this issuance. The deemed date of allotment for these bonus equity shares is scheduled for Monday, June 22, 2026, in accordance with SEBI Circular No. SEBI/CIR/CFD/PoD/2024/122 dated September 16, 2024.

Shareholders whose names appear in the Register of Members of the company for physical holdings and in the records of the Depositories as beneficial owners for dematerialized holdings as at the close of business hours on June 19, 2026, will be entitled to receive the bonus shares. The company had previously secured shareholder approval for this capital restructuring via a postal ballot process which concluded on June 4, 2026.

Key Dates and Ratios

The issuance follows the approval of a special resolution passed via postal ballot, where 100% of the valid votes cast were in favor of the proposal. The voting process was managed by scrutinizer Balaramakrishna & Associates, with 126 members participating representing 82,42,00,654 shares. The scrutinizer's report confirming the passage of the resolution was submitted to the stock exchanges on June 5, 2026.

Dr. Raghavendra Hunasgi, Chief Executive Officer (CEO) of String Metaverse Limited, stated that the approval represents an important milestone in enhancing public participation and achieving the prescribed Minimum Public Shareholding norms. He emphasized the company's commitment to creating long-term value for public investors while strengthening its capital market profile.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE958L01034/8924b56d-dbd8-47ee-a3dd-a88ea4233ab5.pdf

String Metaverse Limited has filed a revised investor presentation for FY26 with BSE Limited, correcting a typographical error in the document submitted on May 26, 2026. The filing confirms the company’s exceptional financial performance for the fiscal year, marked by a 163.72% surge in revenue to ₹1,076.55 Cr from ₹408.22 Cr in FY25. The revision ensures accuracy in the reported figures while maintaining the original content regarding the company's operational milestones and strategic initiatives.

The company’s profitability expanded significantly during FY26, driven by strong operational leverage. Profit after tax (PAT) surged 190.89% year-on-year to ₹102.53 Cr. EBITDA for the period rose 189.50% to ₹122.88 Cr, reflecting improved efficiency in core operations. These figures underscore the company's ability to scale its revenue while maintaining robust bottom-line growth.

Operational Milestones

Beyond financial metrics, String Metaverse achieved key operational targets that broadened its ecosystem reach. The company crossed the milestone of 5 million users across its platform. In the decentralized finance (DeFi) sector, the volume of DeFi and tokenized assets surpassed $220 Million. Additionally, derivatives trading volume on centralized exchanges (CEX) reached $4 Billion, indicating high engagement from traders and investors.

Strategic Partnerships

The company advanced its blockchain integration through specific partnerships. It launched Phase 1 of the "Bills on Chain" initiative in collaboration with Hedera Blockchain, focusing on tokenizing bills on-chain. Furthermore, String Metaverse introduced the String Pay X virtual crypto-backed debit card in partnership with Visa. This card provides users with access across 150+ countries, expanding the utility of the company's financial products.

FY26 Financial Performance