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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Full Announcement
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