Bio Green Papers Ltd

String Metaverse Limited (formerly Bio Green Papers Limited) announced that its shareholders have approved a special resolution for an exclusive bonus issue to public shareholders. The bonus ratio is 2 bonus equity shares for every 9 equity shares held, with a record date set for June 19, 2026. This move aims to help the company achieve the mandatory 25% Minimum Public Shareholding (MPS) requirement. The promoter and promoter group have voluntarily waived their entitlement to this bonus issue. The CEO highlighted the initiative as a commitment to rewarding public investors and strengthening the company's capital market profile while pursuing growth in AI, digital assets, and Web3.

String Metaverse Ltd has announced Friday, June 19, 2026, as the record date to determine eligibility for its bonus equity share issuance. The company will issue 2 bonus shares for every 9 shares held, aimed at achieving Minimum Public Shareholding (MPS) requirements. This issuance is exclusively for public shareholders, excluding promoters and promoter group. The deemed date of allotment is June 22, 2026. This move is in compliance with SEBI regulations to boost public float.

String Metaverse Ltd has issued a revised outcome of its Board Meeting held on June 2, 2026. The revision corrects a typographical error regarding the effective date of resignation for Mr. Ghanshyam Das, Chairman & Director, from May 29, 2026, to May 28, 2026. The meeting also noted the resignation of Mr. Arvind Jadhav as Independent Director and approved the appointment of Dr. Sethurathnam Ravi as Director and Chairman, subject to member approval. The Nomination and Remuneration Committee was also reconstituted.

String Metaverse Limited (formerly Bio Green Papers Limited) announced significant management changes following a Board of Directors meeting on June 2, 2026. Mr. Ghanshyam Das resigned as Chairman & Director, and Mr. Arvind Jadhav resigned as Independent Director. The company appointed Dr. Sethurathnam Ravi as the new Chairman and a Non-Executive, Non-Independent Director. The Nomination and Remuneration Committee was also reconstituted. Dr. Ravi brings extensive experience in finance and has held board positions in various prominent companies.

Mr. Arvind Jadhav, an Independent Director of String Metaverse Ltd., has resigned from his position on the Board of Directors and all associated committees, effective June 2, 2026. The resignation is attributed to personal and professional obligations. Mr. Jadhav has confirmed there are no other material reasons for his departure. He previously served as Chairman of the Audit Committee.

String Metaverse Limited announced significant changes in its directorate. The Board accepted the resignations of Mr. Ghanshyam Das (Chairman & Director) and Mr. Arvind Jadhav (Independent Director). Concurrently, Dr. Sethurathnam Ravi has been appointed as Additional Director (Non-Executive, Non-Independent) and Chairman, effective June 2, 2026, subject to member approval. The Nomination and Remuneration Committee has also been reconstituted.

String Metaverse Limited (formerly Bio Green Papers Limited) announced key management changes following its Board Meeting on June 2, 2026. The board accepted the resignations of Mr. Ghanshyam Das as Chairman & Director and Mr. Arvind Jadhav as Independent Director. Dr. Sethurathnam Ravi has been appointed as the new Chairman and an Additional Director (Non-Executive, Non-Independent). The Nomination and Remuneration Committee has also been reconstituted. Dr. Ravi brings extensive experience in finance and has served on numerous boards of prominent companies.

String Metaverse Limited announced the resignation of Mr. Ghanshyam Dass (DIN: 01807011) from its Board of Directors. Mr. Dass, who served as Chairman and Non-Executive Non-Independent Director, tendered his resignation via email on May 28, 2026, citing personal reasons. The resignation is effective from May 28, 2026. He thanked the board and management for their support and expressed confidence in the company's future as a Blockchain/AI/WEB 3 oriented unicorn. The company has been requested to formalize all necessary regulatory filings.

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.

String Metaverse Ltd (formerly Bio Green Papers Limited) announced its audited FY26 results, reporting strong growth across AI infrastructure, gaming ecosystems, and high-frequency trading. Revenue from operations reached ₹1,069.11 crore, up from ₹407.36 crore YoY. The company's Profit After Tax (PAT) crossed ₹102 crore. The Board of Directors approved the consolidated financial results on May 25, 2026, with the statutory auditors issuing an unmodified audit opinion. The company is positioning itself as a high-growth Indian digital infrastructure platform.