The corporate action involves issuing 2 Bonus Equity Shares for every 9 Equity Shares held by eligible public shareholders. The record date for determining eligibility has been fixed as June 19, 2026.
The e-voting process concluded on June 04, 2026, with an overwhelming majority of shareholders voting in favor of the proposal. The company has submitted the voting results together with the Scrutinizer's Report to the stock exchanges as per regulatory requirements.
Key Objectives
- Achievement of the prescribed 25% Minimum Public Shareholding (MPS) requirement
- Increase public shareholding and facilitate compliance with regulatory requirements
- Reward public investors who have participated in the Company's growth journey
Unique Features
This represents one of the rare instances in Indian capital market history where bonus shares are being issued exclusively to public shareholders. The promoter and promoter group have voluntarily waived their entitlement to the bonus issue.
Management Commentary
Dr. Raghavendra Hunasgi, Chief Executive Officer (CEO) of String Metaverse Limited, commented that this initiative reflects their commitment to creating long-term value for public investors while strengthening the Company's capital market profile. He mentioned the company's focus on executing long-term growth strategy across AI infrastructure, digital assets, Web3 ecosystems, gaming platforms, agentic technologies, and next-generation financial infrastructure.
Company Background
String Metaverse Limited is a global technology and digital infrastructure company focused on AI economies, agentic infrastructure, digital assets, Web3 ecosystems, gaming platforms, algorithmic finance, and next-generation financial infrastructure. The Company operates across India, Hong Kong, Singapore, UAE, and Canada.