String Metaverse Limited's Board will meet on April 29, 2026, to consider a proposal for issuing bonus equity shares.
The proposal follows a highly successful OFS where the retail portion was subscribed 495% and non-retail 149%.
The bonus issue aims to reward public shareholders and help achieve the mandatory 25% minimum public shareholding.
Promoters may forgo their entitlement to bonus shares to further increase public shareholding from the current 21.48%.