BSEOthers22 Jun 2026 · 22 Jun 2026, 10:15 am

Outcome Bonus Issue Committee Meeting

String Metaverse Ltd · 534535

✦ AI Summary▲ PositiveBonus/Split

String Metaverse Ltd has allotted 5,55,86,661 fully paid-up bonus equity shares to its eligible public shareholders in a 2:9 ratio, with the promoters and promoter group irrevocably forgoing their entitlement. This action has increased the public shareholding from 21.48% to 25.06% of the total paid-up equity capital. The primary objective of this bonus issue was to achieve compliance with the Minimum Public Shareholding (MPS) requirements prescribed by SEBI regulations, which the company has now successfully met.

Analysis Scores

Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact7/10
Market Sentiment7/10

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String Metaverse Ltd - 534535 - Board Meeting Outcome for Disclosure Under Reg.30 SEBI LODR

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Date:22nd June,2026 BSE Limited, 20th Floor, P.J. Towers, Dalal Street, Mumbai – 400 001. Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015_ Outcome of Bonus Issue Committee of Board of Directors Meeting _Allotment of Bonus Equity Shares to Public Shareholders_ Minimum Public Shareholding Compliance (MPS). Reg. String Metaverse Limited (Formerly Known as Bio Green Papers Limited) (“The Company”): Scrip Code: META|534535 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Bonus Issue Committee of Board of Directors of String Metaverse Limited ("the Company"), at its meeting held on this Monday 22nd June, 2026, has, inter alia, considered and approved the Following: “Allotment of 5,55,86,661 (Five Crore Fifty-Five Lakh Eighty-Six Thousand Six Hundred Sixty-One) fully paid-up Bonus Equity Shares of Re.1/- (Rupee One Only) each with Distinctive Nos. From 1164323111 To 1219909771 to the eligible Public Shareholders of the Company in the ratio of 2 (Two) Bonus Equity Shares for every 9 (Nine) existing Equity Shares held by them as on the Record Date, i.e., June 19, 2026. The Bonus Equity Shares so allotted shall rank pari-passu in all respects with the existing fully paid-up Equity Shares of the Company and shall carry the same rights and entitlements, including dividend and voting rights, from the date of allotment. The Bonus Issue has been undertaken in accordance with the framework prescribed under SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 03, 2023, with the objective of achieving compliance with the Minimum Public Shareholding ("MPS") requirements prescribed under Rule 19A of the Securities Contracts (Regulation) Rules, 1957, Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of the SEBI regulatory framework governing listed entities. In terms of the approval granted by the shareholders of the Company and the aforesaid SEBI Circular, the Promoter and Promoter Group shareholders had irrevocably forgone their entitlement to the Bonus Issue. Accordingly, No Bonus Equity Shares have been allotted to the Promoter and Promoter Group category and the Bonus Equity Shares have been allotted exclusively to the eligible Public Shareholders of the Company. String Metaverse Limited (Formerly Known as Bio Green Papers Limited) Registered Office Address: Sy.No 66/2, Street No.03, 2nd floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachi Bowli, Dargah Hussain Shahwali, Golconda, Hyderabad- 500008, Telangana, India, 500008. CIN:L62099TG1994PLC017207|Ph: 040-2939-0760|Email:cs@stringmetaverse.com|Web:www.stringmetaverse.com Paid-up Equity Share Capital: Pre and Post Bonus Issue:- Particulars Pre-Bonus Issue Bonus Shares Allotted Post-Bonus Issue Number of Equity Shares 1164323110 55586661 1219909771 Face Value per Equity Share (₹) 1.00 1.00 1.00 Paid-up Equity Share Capital (₹) 1164323110 55586661 1219909771 Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from ₹1164323110 comprising 1164323110 Equity Shares of Re.1/- each to ₹1219909771 comprising 1219909771 Equity Shares of Re.1/- each. Shareholding Pattern (SHP): Pre and Post Bonus Issue:- Equity Shares % Holding Bonus Shares Equity Shares % Holding Category (Pre-Bonus) (Pre-Bonus) Allotted (Post-Bonus) (Post-Bonus) Promoter & 914183131 78.52% NIL 914183131 74.94% Promoter Group Public 250139979 21.48% 55586661 305726640 25.06% Shareholders Total 1164323110 100.00% 55586661 1219909771 100.00% Consequent upon the allotment of the aforesaid Bonus Equity Shares exclusively to the Public Shareholders of the Company, the public shareholding of the Company has increased from 21.48% to 25.06% of the total paid-up equity share capital of the Company. Accordingly, the Company has achieved compliance with the Minimum Public Shareholding requirement of 25% prescribed under Rule 19A of the Securities Contracts (Regulation) Rules, 1957, Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the applicable SEBI circulars issued from time to time. Upon completion of the Bonus Issue and allotment of Bonus Equity Shares to the eligible Public Shareholders, the Company has successfully achieved and restored the prescribed level of public shareholding and is now fully compliant with the Minimum Public Shareholding (MPS) requirements stipulated under the applicable provisions of the Securities Contracts (Regulation) Rules, 1957, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the applicable SEBI regulatory framework governing listed entities. String Metaverse Limited (Formerly Known as Bio Green Papers Limited) Registered Office Address: Sy.No 66/2, Street No.03, 2nd floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachi Bowli, Dargah Hussain Shahwali, Golconda, Hyderabad- 500008, Telangana, India, 500008. CIN:L62099TG1994PLC017207|Ph: 040-2939-0760|Email:cs@stringmetaverse.com|Web:www.stringmetaverse.com The meeting commenced at 09:00 AM (IST) and concluded at 09:30 AM (IST) We request you to kindly take on record the above information. Thanking you, Yours faithfully, For String Metaverse Limited (Formerly known as Bio Green Papers Limited) M. Chowda Reddy Company Secretary & Compliance Officer String Metaverse Limited (Formerly Known as Bio Green Papers Limited) Registered Office Address: Sy.No 66/2, Street No.03, 2nd floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachi Bowli, Dargah Hussain Shahwali, Golconda, Hyderabad- 500008, Telangana, India, 500008. CIN:L62099TG1994PLC017207|Ph: 040-2939-0760|Email:cs@stringmetaverse.com|Web:www.stringmetaverse.com