534535
String Metaverse Ltd
BSELast Traded Price
₹7.70
+0.20 (+2.67%)
Open
₹7.76
High
₹7.80
Low
₹7.60
Prev Close
₹7.50
Industry
Information Technology
Market Cap
939.33 Cr
Filing History
Recent corporate announcements and filings for 534535
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.