Governance Negative

2026-09-30 17:01

CRITICAL RED FLAG DETECTED

- Mr. Sethurathnam Ravi has resigned as Chairman and Non-Executive Non-Independent Director of String Metaverse Limited with effect from September 30, 2026. - The resignation is due to professional commitments and inability to devote required time, with no other material reasons specified.

Governance Negative

2026-09-30 17:01

CRITICAL RED FLAG DETECTED

- Mr. Sethurathnam Ravi has resigned from the position of Chairman and Non-Executive Non-Independent Director of String Metaverse Limited. - The resignation is effective from the close of business hours on September 30, 2026. - Reason cited for the resignation is prior professional commitments and inability to devote sufficient time.

Governance Neutral

2026-09-28 18:44

- String Metaverse Limited held its 32nd Annual General Meeting (AGM) on September 25, 2026, through Video Conferencing/OAVM. - All 8 resolutions, including the adoption of financial statements, re-appointment of Mr. Meenavalli Krishna Mohan, fund raising, borrowing limits, loans and investments, and material related party transactions, were passed with the requisite majority. - The Scrutinizer's Report confirms voting results via remote e-voting and venue e-voting.

Governance Neutral

2026-09-25 14:01

- String Metaverse Limited held its 32nd Annual General Meeting (AGM) on September 25, 2026, through Video Conferencing. - A total of 79 members were present at the meeting. - Shareholders considered and discussed 8 items of business, including adoption of financial statements, re-appointment of a director, fundraising approvals, borrowing limits, and related party transactions.

Governance Neutral

2026-09-23 16:15

- String Metaverse Limited will hold an Extra-Ordinary General Meeting (EGM) on Thursday, October 15, 2026, at 11:30 A.M. (IST) via Video Conferencing/Other Audio-Visual Means. - The EGM is to approve a Preferential Issue of 8,32,03,383 Equity Shares at an issue price of ₹8.85 per share, totaling ₹73,63,49,939. - The shares are proposed to be allotted to various non-promoter entities and individuals. - The cut-off date for determining eligible members for e-voting is Thursday, October 08, 2026. - Remote e-voting will commence on Saturday, October 10, 2026, and end on Wednesday, October 14, 2026.

Routine Neutral

2026-09-23 16:12

- Corrigendum issued for the Board Meeting outcome dated September 17, 2026. - Corrects a typographical error in the name of a proposed non-promoter investor (Karishma Commodities and Derivatives Private Limited) for a preferential issue of 3,38,983 shares. - All other terms of the preferential issue remain unchanged.

Ownership Positive

2026-09-17 15:22

- Board approved raising funds up to ₹73.63 Crores via preferential issue of 8,32,03,383 equity shares at ₹8.85 per share. - An Extra-Ordinary General Meeting (EGM) will be held on October 15, 2026, for shareholder approval of the preferential issue. - 21 non-promoter investors are proposed to be allotted shares.

Business Update Positive

2026-09-17 15:18

- Board of Directors approved raising funds aggregating ₹73,63,49,939/-. - This will be done through the issuance of 8,32,03,383 fully paid-up Equity Shares at ₹8.85/- each on a preferential basis via private placement. - An Extra-Ordinary General Meeting (EGM) is convened on Thursday, October 15, 2026, to seek shareholders' approval for the preferential issue.

Governance Positive

2026-09-14 14:05

- Trading window to close from September 15, 2026, for designated persons. - Board Meeting on September 17, 2026, to consider and approve fundraising via preferential issue/private placement. - Window reopens 48 hours after board meeting outcome is public.

Governance Positive

2026-09-14 13:01

- Board Meeting on Sept 17, 2026, to consider fund-raising through equity/other securities via preferential issue/private placement. - Also to approve EGM notice for shareholder approval of fund-raising. - Trading window closes from Sept 15, 2026, until 48 hours post-meeting.

Business Update Positive

2026-09-08 15:21

- String Metaverse Limited awarded Dun & Bradstreet 3A1 Rating on September 7, 2026, indicating a strong financial profile. - The '3A' financial strength is based on FY26 audited financials, and the '1' Composite Appraisal signifies an overall 'Strong' status.

Business Update Positive

2026-09-08 14:01

- String Metaverse Limited received a "3A1" rating from Dun & Bradstreet, based on its audited financial statements for the financial year ended March 31, 2026. - The composite appraisal is "1", indicating a "Strong" overall status for the company.

Governance Positive

2026-09-02 20:13

- The 32nd Annual General Meeting (AGM) of String Metaverse Limited will be held on Friday, September 25, 2026, at 11:30 A.M. (IST) via Video Conferencing. - The agenda includes adopting the audited Financial Statements for FY 2025-26 and approving fund-raising up to ₹1,000 Crore. - The company also seeks approval to provide loans, guarantees, or securities up to ₹100 Crore.

Governance Neutral

2026-09-02 20:01

- The 32nd Annual General Meeting (AGM) of String Metaverse Limited will be held on Friday, 25th September, 2026, at 11:30 A.M. via VC/OAVM. - The Annual Report and Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 have been submitted. - Agenda includes adopting FY26 audited financial statements and re-appointing Mr. Meenavalli Krishna Mohan as a Director. - Shareholders will vote on special resolutions to raise funds up to ₹1,000 Crore, borrow up to ₹1,000 Crore, and provide related-party loans/guarantees/securities up to ₹100 Crores.

Governance Positive

2026-08-31 21:06

- String Metaverse Limited's Postal Ballot results confirmed the appointment of Shri. Sethurathnam Ravi as Non-Executive & Non-Independent Director and Chairman. - The resolution was passed with 99.99% votes in favour. - E-voting for the resolution was held from August 1 to August 30, 2026.

Governance Positive

2026-08-31 21:02

- String Metaverse Limited announced the passing of all resolutions in its Postal Ballot dated 28th July 2026, including the appointment of Shri Sethurathnam Ravi as Non-Executive & Non-Independent Director and Chairman, approved with 99.99% votes in favor. The e-voting concluded on August 30, 2026.

Business Update Positive

2026-08-26 16:00

- String Metaverse's Hong Kong subsidiary, String Fintech HK Limited, received a D&B Rating of 3AA1 with a "Strong (Minimal Risk)" assessment. - The D&B report indicates a 0.23% probability of financial distress over the next 12 months. - For FY25, String Fintech HK Limited reported Revenue of US$44.59 million, Profit After Tax of US$3.99 million, and Nil total indebtedness.

Business Update Positive

2026-08-26 15:57

- String Fintech HK Limited, a wholly-owned subsidiary, received a Dun & Bradstreet (D&B) Rating of 3AA1 with a Risk Indicator of 1 – Strong (Minimal Risk). - The probability of financial distress over the next 12 months is assessed at 0.23%.

Routine Neutral

2026-08-11 16:48

- String Metaverse Limited confirmed no deviation or variation in the utilization of proceeds from its Rights Issue for the quarter ended 30th June 2026, as compared to the objects stated in the offer document. - An amount of ₹300.10 lakhs was reallocated from Issue-Related Expenses to General Corporate Purpose, which remains within the permissible limit (25%) of the total Rights Issue proceeds.

Financials Positive

2026-08-11 13:32

- Q1 FY27 Consolidated Revenue ₹392.42 Cr vs Q1 FY26 ₹199.07 Cr (▲97.13% YoY) - EBITDA ₹43.85 Cr vs Q1 FY26 ₹21.73 Cr (▲101.79% YoY) - PAT ₹36.92 Cr vs Q1 FY26 ₹18.30 Cr (▲101.75% YoY) - EBITDA Margin 11.17% vs 10.92% (▲25bps) - Strategic Catalyst: Launched bills on chain in partnership with Hedera. - Achieved a Rule of 40 performance of 105.6%.

Financials Positive

2026-08-11 13:21

- Q1 FY27 Revenue ₹392.42 Cr vs ₹199.07 Cr (▲97.13% YoY) - PAT ₹36.92 Cr vs ₹18.30 Cr (▲101.80% YoY) - Launched Billson Chain in partnership with Hedera to bring invoices, receipts, and commercial transactions on-chain for blockchain-verifiable digital records. - Company is expanding its strategy across AI, blockchain, and digital financial infrastructure.

Financials Positive

2026-08-11 12:56

- Q1 FY27 Consolidated Revenue ₹392.40 Cr vs ₹198.86 Cr (▲97% YoY) - EBITDA ₹43.83 Cr vs ₹21.62 Cr (▲103% YoY) - PAT ₹36.92 Cr vs ₹18.30 Cr (▲102% YoY) - EBITDA Margin 11.17% vs 10.87% (▲30bps) - Board approved fund-raising up to ₹1,000 Cr through various modes, including QIP, preferential issue, and ADRs/GDRs.

Financials Positive

2026-08-11 12:48

- Q1 FY27 Consolidated Revenue ₹392.40Cr vs ₹198.86Cr (▲97.8% YoY) - EBITDA ₹43.83Cr vs ₹21.62Cr (▲102.0% YoY) - PAT ₹36.92Cr vs ₹18.30Cr (▲101.7% YoY) - EBITDA Margin 11.17% vs 10.87% (▲30bps) - Board approved raising funds up to ₹1,000 crore through various modes, including equity shares, convertible securities, and depository receipts.

Governance Neutral

2026-08-04 12:23

- Board meeting of String Metaverse Limited scheduled for August 11, 2026. - Agenda includes consideration of unaudited financial results for Q1 FY27 (ended June 30, 2026) and a proposal for raising funds through various methods. - Trading window for designated persons closed from July 01, 2026.

Governance Neutral

2026-07-31 16:03

- String Metaverse Ltd. announced a Postal Ballot for shareholders to approve the appointment of Shri. Sethurathnam Ravi as Non-Executive & Non-Independent Director and Chairman of the Company. - E-voting period is from August 01, 2026, to August 30, 2026. - The cut-off date for voting rights is July 24, 2026.

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String Metaverse Ltd

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