String Metaverse Limited has issued a comprehensive postal ballot notice dated February 19, 2026, seeking shareholder approval for major capital restructuring initiatives. The company, formerly known as Bio Green Papers Limited, is proposing significant changes to its capital structure through three ordinary resolutions.

Key Proposals Under Consideration

The postal ballot encompasses three critical resolutions that will reshape the company's capital framework:

Authorized Share Capital Enhancement

The first resolution proposes increasing the company's authorized share capital from ₹1,30,00,00,000 divided into 13,00,00,000 equity shares of ₹10 each to ₹2,00,00,00,000 divided into 20,00,00,000 equity shares of ₹10 each. This expansion involves creating additional ₹70,00,00,000 through 7,00,00,000 new equity shares of ₹10 each.

The Board of Directors approved this proposal at their meeting held on January 22, 2026, citing future fund requirements and the need for flexibility in raising additional capital through equity shares and other permissible instruments.

Share Subdivision Structure

The second resolution addresses the subdivision of equity shares, transforming each existing ₹10 share into 10 shares of Re.1 each. This restructuring aligns with the Resolution Plan approved by the National Company Law Tribunal, Hyderabad Bench, through its Order dated May 28, 2024, in CP (IB) No. 97/7/HDB/2022.

The subdivision aims to enhance liquidity, broaden investor participation, improve affordability for retail investors, and increase marketability of the company's shares.

E-Voting Timeline and Process

Shareholders can participate in the decision-making process through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL):

The company has appointed M/s. Balaramakrishna & Associates, Practicing Company Secretaries (FCS 8168 and CP No. 22414), Hyderabad, as the Scrutinizer for conducting the postal ballot process.

Corporate Background and Compliance

String Metaverse Limited underwent Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The proposed share subdivision forms part of the Resolution Plan approved by the NCLT, which included a Scheme of Arrangement mandating the subdivision of equity shares from ₹10 to Re.1 each.

The company maintains connectivity with both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) under ISIN No INE958L01026. The postal ballot notice has been distributed electronically to shareholders whose email addresses are registered with the company or depositories.

Shareholder Impact and Benefits

The proposed restructuring will not alter the aggregate authorized or paid-up share capital amounts, ensuring no change in proportionate shareholding for existing investors. The subdivision is designed to make shares more accessible to retail investors while maintaining all existing rights and privileges. Sub-divided shares will rank pari passu with existing equity shares and participate fully in dividends and corporate benefits declared after the record date.

String Metaverse Limited has announced that its board of directors will convene on February 13, 2026, to deliberate on a significant corporate restructuring proposal. The Web3.0 enterprise, formerly known as Bio Green Papers Limited, has scheduled this meeting in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary focus of the upcoming board meeting centers on equity share restructuring. The directors will consider and potentially approve several key matters that could impact the company's share structure.

The proposed share sub-division requires compliance with the Companies Act, 2013, and applicable SEBI regulations. The board will determine the specific manner of implementation, though final approval remains contingent on shareholder consent and regulatory clearances.

Trading Window Restrictions

In accordance with insider trading prevention protocols, String Metaverse has implemented trading restrictions for designated individuals. The company's Code of Conduct for Prevention of Insider Trading mandates these measures under SEBI (Prohibition of Insider Trading) Regulations, 2015.

Corporate Information

String Metaverse Limited operates as a Web3.0 enterprise and trades under the symbol META with scrip code 534535 on BSE Limited. The company maintains its registered office in Hyderabad, Telangana, and holds CIN L62099TG1994PLC017207.

The formal intimation was signed by M. Chowda Reddy, serving as Company Secretary and Compliance Officer, ensuring proper regulatory disclosure procedures. This announcement reflects the company's commitment to transparent corporate governance and regulatory compliance in its strategic decision-making processes.