String Metaverse Limited , formerly known as Bio Green Papers Limited, has made significant corporate governance changes and announced an upcoming board meeting with a revised agenda. These developments signal important shifts in the company's oversight and strategic direction.

Audit Committee Reconstitution

The company has reconstituted its Audit Committee through a circular resolution passed on November 3, 2025. The new four-member structure of the committee is as follows:

This reconstitution, effective immediately, aims to strengthen the company's financial oversight and corporate governance practices.

Revised Board Meeting Agenda

String Metaverse Limited has also announced a revision to the agenda of its upcoming board meeting scheduled for November 7, 2025. The key items on the revised agenda include:

1. Review and approval of standalone and consolidated un-audited financial results for the quarter ended September 30, 2025.
2. Consideration of standalone and consolidated audited financial results for the half-year ended September 30, 2025.
3. Discussion on a proposal to raise funds through a Rights Issue of equity shares, aimed at meeting Minimum Public Shareholding (MPS) norms.
4. Approval of the "String Metaverse Employee Stock Option Scheme 2025 (Series II)".
5. Review of draft Notice of Postal Ballot for seeking shareholders' approval on relevant agenda items.

Trading Window Closure

In compliance with insider trading regulations, the company has closed the trading window for designated persons, their immediate relatives, and other connected persons from October 1, 2025. The window will remain closed until 48 hours after the declaration of the financial results.

These corporate actions reflect String Metaverse Limited's commitment to maintaining robust governance structures and transparency in its operations. The upcoming board meeting suggests that the company may be preparing for significant financial disclosures and potential strategic moves, including fundraising through a Rights Issue and implementation of an employee stock option scheme.

Investors and stakeholders will be keenly watching the outcomes of the November 7 board meeting, which could provide important insights into the company's financial health and future direction.

String Metaverse Limited , formerly known as Bio Green Papers Limited, has announced plans for a rights issue to raise additional capital. The company's board of directors is scheduled to meet on November 7th, 2025, to consider and approve this fundraising initiative, among other important matters.

Key Highlights of the Upcoming Board Meeting

The board meeting, set for November 7th, 2025, will address several crucial agenda items:

Rights Issue: Meeting Minimum Public Shareholding Norms

The proposed rights issue is aimed at meeting the Minimum Public Shareholding (MPS) norms. This move indicates the company's commitment to regulatory compliance and potentially broadening its shareholder base. The board will consider this proposal subject to obtaining necessary approvals and in compliance with:

• The Companies Act, 2013
• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Other applicable SEBI regulations

Trading Window Closure

In line with regulatory requirements and the company's insider trading prevention policies, String Metaverse has closed the trading window for designated persons, their immediate relatives, and other connected individuals. This closure:

• Commenced on October 1, 2025
• Will remain in effect until 48 hours after the declaration of the financial results

Implications for Investors

The rights issue, if approved, could present an opportunity for existing shareholders to increase their stake in the company. However, it's important to note that the details of the rights issue, including the price and ratio, are yet to be determined and will likely be announced after the board meeting.

Investors and market watchers should keep an eye on the outcome of the November 7th board meeting, as it may provide crucial insights into String Metaverse's financial health, growth strategies, and future prospects in the metaverse sector.

As always, it is advisable for investors to conduct thorough research and consider their financial goals before making any investment decisions based on this development.