Meeting Details

The Extra-Ordinary General Meeting of String Metaverse Limited was held on Thursday, October 15, 2026 at 11:30 A.M. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting commenced at 11:30 A.M. and concluded at 12:10 P.M. (IST), lasting 40 minutes.

Attendance

  • 72 members were present at the meeting
  • Directors Present: Mr. Deenadayal Tripurasetty (Chairman, Independent Director), Dr. Sarat Kumar Malik (Independent Director), Mr. Prathipati Parthasarathi (Independent Director), Mr. Amar Kumar (Independent Director), Mrs. Anima Rajmohan Nair (Independent Director), Mr. Vivek Kumar Ratakonda (Non-Executive, Non-Independent Director), Mr. Meenavalli Ganesh (Managing Director), Mr. Sai Santosh Althuru (Executive Director)
  • Other Attendees: Mr. Raghavendra Hunasgi (CEO), Mr. M. Chowda Reddy (Company Secretary & Compliance Officer), Mr. Hemanth P. Vastani (CFO), Gorantla & Co (Statutory Auditors), Pawan Jain & Associates (Secretarial Auditors)

Business Conducted

The EGM considered and approved one item of Special Business:

Special Resolution: Issue of Equity Shares on Preferential Basis

  • Proposal to issue and allot, on a preferential basis by way of private placement for cash consideration:
  • Up to 8,32,03,383 fully paid-up Equity Shares
  • Face value: ₹1/- each
  • Issue price: ₹8.85/- per Equity Share (including securities premium of ₹7.85/- per Equity Share)
  • Total aggregate amount: Approximately ₹73.63 crore
  • To identified proposed allottees
  • Subject to applicable approvals and regulatory requirements

Voting Process

  • Remote e-voting facility was provided through Central Depository Services (India) Limited (CDSL)
  • Cut-off date for determining voting eligibility: Thursday, October 08, 2026
  • Remote e-voting period: Saturday, October 10, 2026 at 9:00 A.M. (IST) to Wednesday, October 14, 2026 at 5:00 P.M. (IST)
  • Members attending the EGM who hadn't voted remotely could cast votes during the meeting
  • Mr. Desina Balarama Krishna, Practising Company Secretary (FCS 8168; Certificate of Practice No. 22414) of M/s. Balaramakrishna & Associates was appointed as Scrutinizer

Next Steps

The voting results together with the Consolidated Scrutinizer's Report will be submitted separately to BSE Limited in accordance with SEBI Listing Regulations and made available on the company's website and CDSL website.