String Metaverse Limited (formerly Bio Green Papers Limited) has announced the record date for its upcoming equity share subdivision, marking a significant corporate action for the company's shareholders.

Record Date and Share Split Details

The company has set Friday, April 24, 2026 as the record date for determining shareholder eligibility for the equity share subdivision. This corporate action follows the approval granted by shareholders through a postal ballot conducted on March 22, 2026.

The subdivision will convert each existing equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each. All resulting shares will maintain their fully paid-up status.

Regulatory Compliance

The announcement was made pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this information to BSE Limited on April 1, 2026, ensuring compliance with mandatory disclosure requirements.

Company Secretary and Compliance Officer M. Chowda Reddy signed the official communication, emphasizing the company's commitment to transparent stakeholder communication. The notification serves to inform all stakeholders about the upcoming corporate action and its implications for existing shareholders.

Shareholder Impact

Shareholders holding equity shares as of the record date will be eligible to receive the subdivided shares. The 1:10 split means that for every one share held, shareholders will receive 10 shares of reduced face value, maintaining the same proportional ownership while increasing the number of shares in circulation.

String Metaverse Limited has successfully completed its postal ballot process with shareholders approving all three ordinary resolutions with overwhelming majority. The company submitted the scrutinizer's report to BSE Limited on 24th March 2026, confirming that all resolutions contained in the postal ballot notice dated 13th February 2026 were duly passed by shareholders with requisite majority.

Voting Process and Timeline

The postal ballot process was conducted entirely through electronic voting, with the company availing e-voting facility offered by Central Depository Services (India) Limited. The voting timeline was structured as follows:

In compliance with Ministry of Corporate Affairs circulars, physical postal ballot forms were not dispatched by the company. The voting process was conducted in accordance with Section 108 and 110 of the Companies Act 2013, SEBI LODR Regulations 2015, and other applicable laws.

Resolution Results

All three ordinary resolutions received identical voting patterns, demonstrating strong shareholder support. The detailed voting results show:

Resolution 1: Increase in Authorised Share Capital

Resolution 2: Sub-Division of Equity Shares

The second resolution regarding sub-division (split) of equity shares received identical support with 67 members holding 6,25,43,261 shares voting in favour, representing 100.00% of valid votes cast. Only one member holding one share voted against the resolution.

Resolution 3: Alteration of Capital Clause

The third resolution for alteration of capital clause (Clause V) of the memorandum of association also received the same voting pattern, with 67 members supporting the resolution with 6,25,43,261 shares representing 100.00% of valid votes cast.

Scrutinizer and Compliance

Balaramakrishna Desina, Proprietor of Balaramakrishna & Associates, Company Secretaries in Practice, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that votes cast electronically were reconciled with records maintained by the company's Registrar and Transfer Agent. The voting process was conducted with proper witnesses present during the unblocking of votes, ensuring transparency and compliance with regulatory requirements.

Corporate Information

String Metaverse Limited, formerly known as Bio Green Papers Limited, operates under CIN L62099TG1994PLC017207 with its registered office located at Survey No.66/2, Street No. 3, 2nd Floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachibowli, Dargah Hussain Shahwali, Hyderabad, Golconda, Telangana-500008. The company's compliance officer M. Chowda Reddy submitted the scrutinizer's report to BSE Limited, fulfilling disclosure obligations under SEBI listing regulations.