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

String Metaverse Limited has appointed Dr. Sethurathnam Ravi as the Non-Executive, Non-Independent Director and Chairman of the Company effective June 2, 2026, subject to shareholder approval. The Board of Directors also accepted the resignations of Mr. Ghanshyam Das and Mr. Arvind Jadhav from their respective positions. The company communicated these changes to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Ghanshyam Das resigned as Chairman & Director (Non-Executive & Non-Independent) effective May 28, 2026, due to personal reasons. Mr. Arvind Jadhav resigned as Independent Director effective June 2, 2026, citing personal and professional reasons. The disclosures regarding these cessations were enclosed as Annexure 1 and Annexure 2 respectively.

Dr. Sethurathnam Ravi (DIN: 00009790) brings over 37 years of experience across banking, NBFCs, and capital markets. He is a Fellow Chartered Accountant with a Doctorate in finance and commerce. His profile indicates he is not related to any other director of the company and is not debarred from holding the office of director by SEBI or any other authority.

The Board also approved the reconstitution of the Nomination and Remuneration Committee effective June 2, 2026. The committee comprises Mr. Sarat Kumar Malik as Chairperson, and Mr. Deenadayal Tripurasetty and Mr. Prathipati Parthasarathi as members.

The following table summarizes the changes in the Board of Directors: