String Metaverse Limited has formally submitted its scrutinizer's report to BSE Limited, confirming the successful completion of its postal ballot process with all six special resolutions receiving unanimous shareholder approval. The company submitted the comprehensive report on 02nd February 2026, demonstrating full compliance with SEBI LODR Regulations 2015.

Regulatory Compliance and Submission

The company's submission to BSE Limited included the complete scrutinizer's report prepared by Balaramakrishna Desina, Proprietor of Balaramakrishna & Associates, Company Secretaries in Practice. The report was submitted under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to the postal ballot notice dated 07th November 2025.

Company Secretary M. Chowda Reddy signed and submitted the digitally authenticated report, ensuring all regulatory requirements were met for the disclosure of voting results.

Detailed Voting Results and Process

The e-voting process conducted through Central Depository Services (India) Limited (CDSL) platform ran from 02nd January 2026 at 9:00 AM (IST) to 31st January 2026 at 5:00 PM (IST). The cut-off date for determining eligible shareholders was 26th December 2025.

Key Approved Initiatives

Leadership Enhancement: Shareholders approved the appointment of Mr. Amar Kumar (DIN: 11270238) as Non-Executive Independent Director, strengthening the company's board composition.

Employee Incentive Programs: The approval of String Metaverse Employee Stock Option Scheme 2025 (SML ESOPS 2025 Series II) enables the company to grant options to employees of subsidiary and associate companies, including provisions for granting options to identified employees equal to or exceeding one percent of issued capital in any financial year.

Capital Raising Strategy: Authorization for fund raising through issuance of various securities and Qualified Institutions Placement (QIP) to Qualified Institutional Buyers provides the company with flexibility for future growth financing.

Scrutinizer's Certification Process

The scrutinizer confirmed that all votes cast electronically were properly reconciled with records maintained by the company's Registrar and Transfer Agent. The voting process was conducted in the presence of independent witnesses Mr. Madhur and Ms. Niharika, who are not employed by the company.

In compliance with Ministry of Corporate Affairs circulars, the company dispatched postal ballot notices electronically to all members who had registered their email addresses with the company or depositories, with no physical postal ballot forms dispatched during this process.

With the formal submission of the scrutinizer's report to BSE Limited, String Metaverse Limited has completed all regulatory requirements for its postal ballot process, securing shareholder mandate for strategic initiatives including leadership expansion, employee incentive programs, and capital raising plans.

String Metaverse Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating strong operational performance across its business segments. The company's board of directors convened on January 22, 2026, to approve the quarterly results and several significant corporate actions.

Financial Performance Overview

The company delivered robust consolidated financial results for Q3FY26, showcasing substantial growth in revenue and profitability.

The consolidated revenue from operations increased significantly to ₹278.35 crores in Q3FY26 compared to ₹115.69 crores in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹27.89 crores, representing substantial growth from ₹10.21 crores in Q3FY25.

Segment-wise Performance

String Metaverse operates across two primary business segments, both contributing to the strong quarterly performance.

The gaming segment remained the primary revenue driver, generating ₹272.81 crores in Q3FY26. The High-Frequency Trading (HFT) segment contributed ₹5.54 crores during the quarter, adding diversification to the company's revenue streams.

Corporate Actions and Strategic Initiatives

The board approved several key corporate actions during the January 22, 2026 meeting, subject to shareholder approval.

Authorized Capital Enhancement

The proposed increase will create an additional ₹70.00 crores in authorized capital through 7.00 crore new equity shares of ₹10 each. This expansion will require corresponding amendments to Clause V of the company's Memorandum of Association.

Employee Stock Option Scheme Implementation

The board evaluated various options for implementing Employee Stock Option Schemes (ESOPs) to benefit company employees. The implementation remains subject to receiving necessary regulatory approvals and compliance with applicable SEBI regulations.

Promoter Offer for Sale

The company announced plans for an Offer for Sale (OFS) by the promoter group to meet Minimum Public Shareholding (MPS) norms. This initiative will be conducted in accordance with applicable SEBI regulations and stock exchange guidelines.

Subsidiary Structure and Operations

String Metaverse maintains an extensive subsidiary network across multiple jurisdictions, supporting its global operations.

The consolidated results include contributions from these subsidiaries, with foreign subsidiaries contributing ₹277.90 crores in revenue and ₹27.75 crores in net profit for the quarter ended December 31, 2025.

Standalone Performance

The standalone financial results showed more modest performance compared to consolidated figures, reflecting the significant contribution of subsidiary operations.

The standalone entity reported revenue from operations of ₹3.35 crores and net profit of ₹0.13 crores for Q3FY26, indicating the parent company's focus on its subsidiary-driven business model.

Regulatory Compliance and Next Steps

The board approved a postal ballot notice to seek shareholder approval for the proposed authorized capital increase. The company maintains compliance with SEBI regulations and stock exchange requirements, with all financial results reviewed by the audit committee and approved by the board of directors. The meeting commenced at 11:45 AM IST and concluded at 01:15 PM IST on January 22, 2026.