StockWatch
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Paper & Paper Products
Rights Issue25 May 2026, 07:51 pm

String Metaverse: No Deviation in Rights Issue Funds

AI Summary

String Metaverse Ltd reports no deviation or variation in the utilization of proceeds from its Rights Issue for the quarter ended March 31, 2026, as compared to the objects stated in the offer document. The Audit Committee has reviewed and noted the same. The company raised ₹4925.15 Lakhs through the Rights Issue on May 5, 2025. An amount of ₹300.10 lakhs has been reallocated from Issue-Related Expenses to General Corporate Purpose, which remains within the permissible limit.

Key Highlights

  • String Metaverse confirms no deviation in Rights Issue fund utilization for Q4 2026.
  • ₹4925.15 Lakhs was raised through Rights Issue on May 5, 2025.
  • Audit Committee confirms no deviation in fund utilization.
  • ₹300.10 lakhs reallocated from Issue-Related Expenses to General Corporate Purpose.