Bio Green Papers Ltd

String Metaverse Limited announced a significant surge in its financial performance for the first half of FY27 (ended September 30, 2026). Revenue from operations climbed 86.1% year-on-year to ₹802.66 crore, while profit after tax grew by an impressive 92.3% to ₹76.79 crore. The company's EBITDA also saw a substantial increase of 91.3% to ₹91.18 crore, with EBITDA margins widening. For the second quarter of FY27, revenue rose 76.5% to ₹410.26 crore and profit after tax increased 84.2% to ₹39.86 crore. String Metaverse highlighted that its H1 FY27 performance represents 75% of its full-year FY26 revenue and profit, with a strong Rule of 40 score of 87.4%. The company is sharpening its focus on agentic gaming and its broader AI ecosystem for future growth.

String Metaverse Limited announced that its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, Shri. Meenavalli Krishna Mohan has been appointed as the Chairman of the Company, effective November 6, 2026. The company also approved a significant increase in its authorized share capital from ₹200 Crore to ₹5,000 Crore, subject to shareholder approval. Furthermore, the Board approved alterations to the Memorandum of Association to include new objects and a framework for strategic acquisitions, investments, and business expansion in sectors like AI, Data Centres, FinTech, and Web 3.0.

String Metaverse Limited (formerly Bio Green Papers Limited) posted consolidated revenue of ₹410.26 Cr for Q2 FY27 (quarter ended September 30, 2026), up 76.5% year-on-year from ₹232.50 Cr and up 4.5% sequentially from ₹392.40 Cr. Consolidated PAT (including non-controlling interests) rose 84.2% YoY to ₹39.86 Cr from ₹21.64 Cr, and grew 8.0% QoQ from ₹36.92 Cr — profit growing faster than revenue on both counts, with no one-off items on either side of the comparison. Net profit margin expanded to 9.72% from 9.28% a year ago and 9.41% last quarter; operating margin (segment result/revenue) rose to 11.50% from 10.78% YoY and 11.17% QoQ. The expansion came chiefly from a sharp fall in 'other expenses' to ₹1.78 Cr from ₹8.79 Cr a year earlier, which more than offset a higher cost-of-operations ratio (87.7% of revenue versus 85.2% a year ago) and higher employee costs (₹1.51 Cr versus ₹0.68 Cr). Management gives no formal guidance on record, and no analyst consensus or brokerage preview for this quarter could be located — this micro-cap carries no identifiable street coverage, so vsStreet and vsGuidance are both unknown rather than estimated. The quarter's growth is almost entirely the Gaming-IT Services segment (₹408.47 Cr revenue, ₹46.19 Cr segment result) — consistent with the filing's own description of the group as engaged in "gaming software development and related services, and high frequency trading" — while the smaller HFT book swung back to a ₹0.98 Cr profit after a ₹4.80 Cr loss last quarter, a reminder it remains a volatile, sub-1%-of-revenue line rather than a stable contributor. Basic EPS (not annualised) was ₹0.33, against ₹0.30 QoQ and ₹0.18 a year ago, on paid-up capital that has grown modestly to ₹121.99 Cr from ₹116.43 Cr; the October 30, 2026 preferential allotment of 1.67 Cr shares at ₹8.85 falls after this quarter's cut-off and will show up in Q3 FY27, not here. On the same day as this result, the board also approved a 25x increase in authorised capital (to ₹5,000 Cr), a Strategic Acquisition, Investment and Business Expansion Framework spanning AI, data centres, power/renewable energy and defense-technology, and a plan to raise up to ₹1,000 Cr via NCDs — board actions not yet reflected in any financial line, but signalling an aggressive inorganic push beyond the current gaming/HFT base. Standalone (parent-only) figures remain token by comparison — ₹4.07 Cr revenue and ₹0.87 Cr PAT — underscoring that essentially all of the group's business and earnings sit in its subsidiaries.

String Metaverse Ltd has announced a Board of Directors meeting scheduled for November 6, 2026. The primary agenda items include the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026, along with the Limited Review Reports. Additionally, the board will discuss and approve a proposal for raising funds through various instruments like equity shares and debentures via preferential issue, private placement, or other methods. The meeting will also cover the draft Notice of Postal Ballot for shareholder approval of the fundraising and other matters. The trading window for designated persons will remain closed until 48 hours after the financial results declaration.

String Metaverse Limited announced the allotment of 1,67,57,058 fully paid-up equity shares at an issue price of ₹8.85 per share, aggregating to ₹14,82,99,963.30. This preferential issue was approved by the Board, BSE, and shareholders, and it increases the company's paid-up equity share capital. The new shares rank pari passu with existing shares. The allotment was made to 14 allottees.

String Metaverse Limited has approved the allotment of 1,67,57,058 fully paid-up equity shares at an issue price of ₹8.85 per share, aggregating to ₹14,82,99,963.30 (₹14.83 Crore) on a preferential basis. This allotment follows approvals from the Board of Directors, BSE, and shareholders. The company's issued, subscribed, and paid-up equity share capital has increased accordingly. The newly allotted shares will rank pari passu with existing shares.

String Metaverse Limited has announced the appointment of Dr. Sethurathnam Ravi as Director Emeritus, effective October 20, 2026. This role is honorary and advisory, leveraging Dr. Ravi's extensive experience in banking, financial services, capital markets, corporate governance, risk management, and strategic leadership. His expertise is expected to provide valuable professional insights and strategic guidance to support the company's long-term business objectives. Dr. Ravi is a Fellow Chartered Accountant with a Doctorate in Finance and Commerce and over 37 years of board-level experience, including past roles as Chairman of BSE Limited and UTI Trustee Company Private Limited.

String Metaverse Limited has received in-principle approval from BSE for its proposed preferential issue of equity shares to non-promoter investors. The approval, referenced by BSE Letter No. LOD/PREF/RB/FIP/948/2026-27 dated 14th October 2026, pertains to the issue of 8,32,03,383 equity shares at a price not less than ₹8.85 per share. BSE has advised the company to strengthen internal controls to monitor trades by proposed allottees and obtain undertakings from them to avoid intra-day trading or sale of shares until the allotment date. The company must ensure strict compliance with all relevant SEBI regulations, including ICDR and LODR regulations, and obtain necessary statutory approvals. Failure to comply may impact the listing of the shares.

String Metaverse Limited announced the resignation of Mr. Sethurathnam Ravi from his positions as Chairman and Non-Executive Non-Independent Director. His resignation is effective from the close of business hours on September 30, 2026. Mr. Ravi cited professional commitments and the consequent inability to devote sufficient time to his responsibilities as the primary reasons for his departure. He has confirmed that there are no other material reasons for his resignation. The company has acknowledged his resignation and will complete the necessary formalities.

String Metaverse Limited announced the resignation of Mr. Sethurathnam Ravi from his positions as Chairman & Non-Executive Non-Independent Director. The resignation is effective from the close of business hours on September 30, 2026. Mr. Ravi cited professional commitments and the consequent inability to devote the required time as the reasons for his departure. He has confirmed that there are no other material reasons for his resignation. His resignation as Director automatically leads to his cessation as Chairman of the Board.