String Metaverse Withdraws Rights Issue, Considers Bonus

String Metaverse Limited's Board withdrew its application to BSE for a Rights Issue intended to meet Minimum Public Shareholding requirements.
The Company is now considering issuing Bonus Equity Shares to public shareholders, with promoters forgoing entitlement, as a more certain compliance route.
The Board meeting held on April 29, 2026, approved the withdrawal, deeming the Rights Issue process no longer necessary.