String Metaverse Plans ₹73.6 Cr Preferential Issue

String Metaverse Limited announced that its Board of Directors has approved a preferential issue of up to 8,32,03,383 equity shares at ₹8.85 per share, aiming to raise approximately ₹73.63 crore. The funds will be raised through private placement. The company also approved convening an Extra-Ordinary General Meeting (EGM) on October 15, 2026, to seek shareholder approval for this preferential issue and other related matters. M/s. Balaramakrishna & Associates has been appointed as the scrutinizer for the e-voting process at the EGM. The board meeting took place on September 17, 2026, from 11:30 AM to 1:30 PM IST.