Fund Utilization Report.

Date:07-11-2026 BSE Limited, 20th Floor, P.J. Towers, Dalal Street, Mumbai – 400 001. Dear Sir/Madam, Sub: Statement on Deviation or Variation of Funds Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Reg: META | 534535 | String Metaverse Limited (“The Company”) Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there has been no deviation or variation in the utilization of the proceeds of the Rights Issue of the Company for the quarter ended 30th September, 2026 as compared to the objects stated in the offer document. The statement in this regard, duly reviewed by the Audit Committee, is enclosed herewith as Annexure–1. Kindly take the above on record. 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 Annexure–1 Statement of Deviation or Variation in the use of proceeds raised through Rights Issue (Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) Particulars Details Name of Listed Entity String Metaverse Limited Mode of Raising Funds Rights Issue Date of Raising Funds 05-05-2025 Amount Raised (₹ in Lakhs) 4925.15 Report filed for Quarter Ended 30th September, 2026 Monitoring Agency Not Applicable Monitoring Agency Name (if applicable) Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a contract or Not Applicable objects, which was approved by the shareholders If yes, Date of Shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable The Audit Committee has noted that there is no deviation or variation Comments of the Audit Committee after review in the utilization of the proceeds. Comments of the Auditors, if any None Objects for which funds have been raised and where there has been a deviation, in the following table: Amount of Funds Deviation / Modified Original Funds Original Utilised Variation for the Remarks Object (if Allocation (₹ in Modified Allocation (if any) Unutilised Object (₹ in quarter according , if any any) Lakhs) (₹ in Lakhs) Lakhs) to applicable object (₹ in Lakhs) Capital Expenditure in the form of NO 3668.12 0 3668.12 NIL NIL (No deviation) investments in overseas subsidiaries General Corporate NO 917.03 An amount of ₹300.10 lakhs has been 1217.13 NIL NIL (No deviation) NIL Purpose reallocated from Issue-Related Expenses to General Corporate Purpose (GCP) Issue Related Expenses, which remains within the Expenses permissible limit of 25% of the total Right NO 340.00 16.14 23.76 NIL (No deviation) Issue proceeds as specified in the Letter of Offer. Kindly take the above on record. For String Metaverse Limited (Formerly Known as Bio Green Papers Limited) Hemant Prabhudas Vastani Chief Financial Officer(CFO) Date: 07-11-2026 Place: Hyderabad 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