String Metaverse Ltd has secured in-principal approval from BSE to issue up to 5,55,88,884 bonus equity shares of Re. 1 each, aiming to comply with Minimum Public Shareholding (MPS) requirements. The bonus shares will be allotted in a ratio of 2:9, meaning shareholders will receive two fully paid-up equity shares for every nine shares held as on the record date.

The record date for determining eligibility has been fixed as Friday, June 19, 2026. The approval, granted via BSE letter No. LOD/Bonus/BN-IP/RB/398/2026-27 dated June 17, 2026, is subject to the company fulfilling specific conditions outlined by the exchange.

Key Details of the Bonus Issue

Conditions for Listing

The BSE has stipulated several conditions that String Metaverse Ltd must meet before the final listing of these bonus shares. The company is required to submit the listing application form and necessary documents available on the BSE website. Additionally, it must pay any additional listing fees applicable to the enhanced capital structure.

String Metaverse Ltd must also secure statutory and other approvals from relevant authorities, including SEBI, RBI, and the Ministry of Corporate Affairs (MCA). The company is mandated to ensure full compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notably, the allotment of equity shares will be made only in dematerialized form.

The BSE reserves the right to withdraw the in-principal approval if any information provided is found to be incomplete, incorrect, or misleading. The approval validity is governed by Regulation 295(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

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.