
Rights Issue11 Aug 2026, 04:51 pm
String Metaverse: No Deviation in Rights Issue Fund Utilization
AI Summary
String Metaverse Limited has filed its Fund Utilization Report for the quarter ended June 30, 2026. The company confirms there has been no deviation or variation in the utilization of proceeds from its Rights Issue, which raised ₹4925.15 lakhs on May 5, 2025, compared to the objects stated in the offer document. The Audit Committee has reviewed and noted this compliance. A minor reallocation of ₹300.10 lakhs from Issue-Related Expenses to General Corporate Purpose was made, which remains within the permissible limit.
Key Highlights
- No deviation in Rights Issue fund utilization for Q2 FY26.
- ₹4925.15 lakhs raised via Rights Issue on May 5, 2025.
- Audit Committee reviewed and confirmed compliance.
- Minor reallocation to General Corporate Purpose within limits.
Price Impact
More from META