String Metaverse Ltd has allotted 5,55,86,661 fully paid-up bonus equity shares to eligible public shareholders in a 2:9 ratio, increasing its public shareholding to 25.06% and achieving compliance with Minimum Public Shareholding (MPS) requirements. The allotment was approved by the Bonus Issue Committee of the Board of Directors on June 22, 2026, based on a record date of June 19, 2026. The bonus shares, with a face value of Re. 1 each, rank pari-passu with existing equity shares and carry identical rights, including dividend and voting entitlements.

The bonus issue was executed exclusively for public shareholders, as the Promoter and Promoter Group irrevocably forgone their entitlement. Consequently, no bonus shares were allotted to the promoter category. This strategic move was undertaken in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 03, 2023, to satisfy the 25% public shareholding mandate prescribed under Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Capital Structure Changes

The allotment has altered the company's paid-up equity share capital and shareholding pattern. The total number of equity shares increased from 1,164,323,110 to 1,219,909,771, raising the paid-up capital from ₹1,164,323,110 to ₹1,219,909,771.

Shareholding Pattern Shift

The allocation of bonus shares solely to public shareholders resulted in a significant rebalancing of ownership. The promoter holding diluted from 78.52% to 74.94%, while public shareholding rose from 21.48% to 25.06%.

With this allotment, String Metaverse Ltd has successfully restored the prescribed level of public shareholding and is now fully compliant with the regulatory framework governing listed entities.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE958L01034/2cb38b24-33fe-492f-ac6b-ba96a65d294a.pdf

String Metaverse Limited has accepted the resignation of Mr. Rohit Reddy Samala from the position of Non-Executive Non-Independent Director effective June 16, 2026. The director stepped down citing professional obligations as the reason for his departure. The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company informed the stock exchange that Mr. Rohit Reddy Samala (DIN: 03273674) tendered his resignation from the board. The cessation of his directorship took effect immediately from the date of submission.

String Metaverse Limited, formerly known as Bio Green Papers Limited, is headquartered in Hyderabad, Telangana. The filing was submitted by M. Chowda Reddy, Company Secretary & Compliance Officer.