StockWatch
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Paper & Paper Products
Bonus22 Jun 2026, 10:16 am

String Metaverse Allots 5.55 Cr Bonus Shares, Achieves MPS Compliance

AI Summary

String Metaverse Limited (formerly Bio Green Papers Limited) announced the outcome of its Bonus Issue Committee meeting held on June 22, 2026. The committee approved the allotment of 5,55,86,661 fully paid-up bonus equity shares to eligible public shareholders in a 2:9 ratio. This allotment, which excluded promoter and promoter group shareholders, has increased the company's public shareholding from 21.48% to 25.06%. Consequently, String Metaverse has successfully achieved compliance with the Minimum Public Shareholding (MPS) requirements. The total paid-up equity share capital has increased from ₹116,43,23,110 to ₹121,99,09,771.

Key Highlights

  • Allotted 5.55 Cr bonus shares to public shareholders.
  • Public shareholding increased from 21.48% to 25.06%.
  • Company now compliant with Minimum Public Shareholding norms.
  • Promoter group shareholders forgone their bonus entitlement.
  • Total paid-up capital increased to ₹121.99 Cr.