Allotment of Bonus Equity Shares

String Metaverse Ltd has allotted 5,55,86,661 fully paid-up Bonus Equity Shares to its eligible public shareholders in a ratio of 2 shares for every 9 existing shares. The Promoter and Promoter Group shareholders irrevocably forgone their entitlement to these bonus shares. This strategic move increased the public shareholding from 21.48% to 25.06%, thereby achieving compliance with the Minimum Public Shareholding (MPS) requirements prescribed by SEBI. The bonus shares rank pari-passu with existing equity shares.