String Metaverse

String Metaverse allotted 1,67,57,058 fully paid-up equity shares at Rs8.85 each, aggregating to about Rs14.83 crore, on a preferential basis for cash on 30 October 2026. The allotment to 14 non-promoter allottees lifted issued capital to 123,66,66,829 shares of Re1 each, with Kamal Jagdish Gupta and Sonal Kamal Gupta taking 50 lakh shares apiece. It followed board approval on 17 September 2026 for a preferential issue of up to 8,32,03,383 shares aggregating to Rs73.63 crore to 21 non-promoters and in-principle approval from BSE on 14 October 2026. That larger proposal had allocated about 5.42 crore shares, or roughly 65% of the issue, to Altius Global Finance, which did not feature among the allottees in the October allotment. The company reported consolidated operating revenue of about Rs1,069 crore in FY26 and Rs392.40 crore with net profit of Rs36.92 crore in the June quarter, driven almost entirely by foreign subsidiaries in gaming-IT services.

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String Metaverse allotted 16,757,058 equity shares at Rs 8.85 each to raise about Rs 14.83 crore through a preferential issue on 30 October 2026. The shares went to 14 non-promoter allottees, with Kamal Jagdish Gupta and Sonal Kamal Gupta each receiving 5,000,000 shares, and paid-up capital increased to 1,236,666,829 shares of Rs 1 each. The allotment represented about a fifth of the up to 83,203,383 shares aggregating Rs 73.63 crore approved by the board on 17 September for 21 non-promoters, in which Altius Global Finance was to take about 65% of the issue and did not appear among the allottees. BSE had granted in-principle approval on 14 October and shareholders passed the special resolution on 15 October. The company reported consolidated operating revenue of about Rs 1,069 crore in FY26, with Gaming-IT Services accounting for about 94.5% of revenue.

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String Metaverse approved a preferential issue of up to 8.32 crore equity shares at ₹8.85 each, seeking to raise ₹73.63 crore, subject to shareholder and regulatory approvals. The 21 proposed non-promoter allottees included Altius Global Finance Private Limited, which was slated to receive 5.42 crore shares, and 20 other named individuals or entities. The company had proposed raising up to ₹1,000 crore through equity and convertible securities in August, and a September 14 notice had scheduled the board’s consideration of a preferential issue or private placement. An extraordinary general meeting was scheduled for October 15 at 11:30 a.m. IST through video conferencing to seek member approval.

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String Metaverse’s board approved a proposal to raise up to ₹1,000 crore through equity shares and other eligible securities, including convertibles, warrants, ADRs, GDRs and FCCBs, subject to regulatory and shareholder approvals. It also approved unaudited consolidated results for the quarter ended June 30, 2026, which showed revenue from operations of ₹392.40 crore and profit of ₹36.92 crore, compared with ₹198.86 crore and ₹18.30 crore a year earlier. Gaming IT services generated ₹390.91 crore of quarterly revenue, while HFT contributed ₹1.49 crore and recorded a segment loss of ₹4.80 crore. Revenue from operations for FY26 was ₹1,069.11 crore, compared with ₹407.36 crore in FY25. A ₹49.25 crore rights issue was completed in 2025, and a fund-raising plan of up to ₹1,410 crore was approved in November 2025.

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Aug 11 (Reuters) - String Metaverse Ltd STRN.BO:

• STRING METAVERSE - APPROVES FUNDRAISING OF UP TO 10 BILLION RUPEES VIA EQUITY AND OTHER SECURITIES

Source text: ID:nBSEbBqtLX

Further company coverage: STRN.BO

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June 2 (Reuters) - String Metaverse Ltd STRN.BO:

• STRING METAVERSE - APPOINTS SETHURATHNAM RAVI AS DIRECTOR AND CHAIRMAN EFFECTIVE 02 JUNE 2026

Source text: ID:nBSE2cBMTQ

Further company coverage: STRN.BO

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May 25 (Reuters) - String Metaverse Ltd STRN.BO:

• STRING METAVERSE MARCH-QUARTER CONSOL NET PROFIT 352.4 MILLION RUPEES

• STRING METAVERSE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES

Source text: ID:nBSE9C5nZT

Further company coverage: STRN.BO

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Jan 17 (Reuters) - Bio Green Papers Ltd BGPL.BO:

• BOARD TO CONSIDER RIGHTS ISSUE

Source text: ID:nBSEbX2fGq

Further company coverage: BGPL.BO

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