String Metaverse Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for a Special Resolution to issue bonus equity shares exclusively to public shareholders, with the e-voting period running from Wednesday, 06th May, 2026 to Thursday, 04th June, 2026. The Board approved capitalization of up to INR 5,55,88,884/- from Free Reserves and Securities Premium Account, based on unaudited financials as at 31st December, 2025, to issue up to 5,55,88,884 equity shares of Re. 1/- each in a ratio of 02:09 to public shareholders. The initiative is aimed at raising the company's public shareholding from the current 21.48% to above the regulatory minimum of 25%, addressing a shortfall of 3.52%. Promoter and Promoter Group shareholders shall not participate in the bonus issue, in line with the applicable SEBI Circular framework.
String Metaverse Limited Issues Postal Ballot Notice for Bonus Share Issue to Meet MPS Compliance
