String Metaverse Ltd. has formally disclosed the appointment of former Capital One technology leader as Technical Advisor and strategic Singapore entity establishment under SEBI Regulation 30. The regulatory filing, submitted to BSE Limited on February 27, 2026, provides comprehensive details about the company's strategic AI infrastructure initiative.

Technical Advisor Appointment Details

The company appointed Mr. Sai Kotha Venkata, former technology leader at Capital One Inc. (USA, Virginia), as Technical Advisor effective April 1, 2026, subject to completion of statutory formalities. Mr. Venkata brings approximately 19 years of experience managing large-scale, mission-critical systems and strategic technology initiatives serving millions of users in enterprise environments.

In his advisory capacity, Mr. Venkata will support the company's technology architecture, artificial intelligence deployment strategy, and enterprise-scale infrastructure initiatives.

Singapore Entity Strategic Initiative

String Metaverse has initiated a strategic program to establish a global Agentic Workforce Platform through a Singapore-based technology entity. The entity will be led by Mr. Krishna Mohan Meenavalli, Executive Director, who holds a Master's degree in Finance and has experience in high-frequency trading platforms and capital markets technology.

The proposed shareholding structure demonstrates strategic partnership approach:

Technology Focus Areas

The initiative encompasses multiple strategic development areas as outlined in the regulatory disclosure:

• Tokenization of real-world assets (RWA)
• AI-driven risk management and financial intelligence systems
• High-frequency trading and market-making technologies
• Capital-efficient automated financial strategies
• Agent-to-agent commerce and micropayment infrastructure powered by stablecoins
• Autonomous enterprise operational systems

Platform Integration Strategy

The company's Canada-based fintech platform, "String Payx," is expected to play a role in enabling global agentic payment rails and programmable transactions between autonomous systems, subject to applicable regulatory requirements. This integration supports the comprehensive approach to AI-driven financial infrastructure development.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to making further disclosures as material developments occur in relation to the proposed entity and initiative, ensuring transparency with stakeholders and regulatory compliance.

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.