String Metaverse Ltd

String Metaverse Ltd

String Metaverse Ltd has allotted 5,55,86,661 bonus equity shares exclusively to eligible public shareholders in a 2:9 ratio. This action, where Promoter and Promoter Group shareholders forgave their entitlement, has increased the public shareholding from 21.48% to 25.06%. Consequently, the company has achieved compliance with the Minimum Public Shareholding (MPS) requirements as prescribed by SEBI regulations, removing a significant regulatory overhang.

String Metaverse Ltd

String Metaverse Ltd submitted an updated undertaking to BSE regarding its bonus issue, confirming the credit and listing schedule for the new shares. The company announced the allotment of 5,55,86,661 bonus shares with a record date of June 19, 2026, and a deemed allotment date of June 22, 2026. This undertaking ensures the bonus shares will be credited to demat accounts by June 22, 2026, and will be available for trading from June 23, 2026, in compliance with SEBI regulations.

String Metaverse Ltd

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.

String Metaverse Ltd

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.