String Metaverse Allots 5.55 Cr Bonus Shares, Achieves MPS Compliance

String Metaverse Limited (formerly Bio Green Papers Limited) has announced the allotment of 5,55,86,661 fully paid-up bonus equity shares of Re.1/- each to its eligible public shareholders. This allotment, made in the ratio of 2 bonus shares for every 9 existing equity shares held as of June 19, 2026, was approved by the Bonus Issue Committee of the Board of Directors on June 22, 2026. The bonus shares rank pari-passu with existing shares. Notably, promoter and promoter group shareholders have forgone their entitlement to this bonus issue. The primary objective of this bonus issue was to achieve compliance with the Minimum Public Shareholding (MPS) requirements. Post-allotment, the public shareholding has increased from 21.48% to 25.06%, successfully meeting the 25% MPS threshold.