Board Meeting Details

The Board of Directors meeting was held on Friday, 06th November, 2026. The meeting commenced at 11:45 AM (IST) and concluded at 02:00 PM (IST).

Key Decisions and Approvals

1. Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026. The financial results were reviewed by M/s. Gorantla & Co., Chartered Accountants, Statutory Auditors of the Company, who issued Limited Review Reports pursuant to Regulation 33 of SEBI Listing Regulations.

2. Chairman Appointment

The Board approved the appointment of Shri. Meenavalli Krishna Mohan (DIN: 08243455), Executive Director of the Company, as the Chairman of the Company with effect from 06th November, 2026. This appointment is in addition to his existing position as Executive Director and does not constitute a fresh appointment as Director. The appointment was made consequent upon the vacancy arising from the resignation of Dr. S. Ravi with effect from 30th September, 2026.

Profile of Shri Meenavalli Krishna Mohan:

  • Finance and technology professional with experience in quantitative finance, derivatives risk modelling, high-frequency trading and international business operations
  • Holds a Master's degree in Investment and Finance
  • Previously served as Chief Financial Officer of the Company
  • Brother of Shri Ganesh Meenavalli, Managing Director of the Company
  • Not related to other directors

3. Authorized Share Capital Increase

The Board approved to increase the Authorized Share Capital of the Company from ₹200,00,00,000/- (Rupees Two Hundred Crore only), divided into 200,00,00,000 (Two Hundred Crore) Equity Shares of Re. 1/- each, to ₹5,000,00,00,000/- (Rupees Five Thousand Crore only), divided into 5,000,00,00,000 (Five Thousand Crore) Equity Shares of Re. 1/- each. This involves creation of an additional 4,800,00,00,000 (Four Thousand Eight Hundred Crore) Equity Shares of Re. 1/- each, subject to approval of the Members of the Company and other statutory/regulatory approvals.

The Board also approved consequential alteration of Clause V (Capital Clause) of the Memorandum of Association of the Company, subject to members' approval.

4. Memorandum of Association Alteration

The Board approved alteration of Clause III (Objects Clause) of the Memorandum of Association by insertion of additional objects including:

  • Data Centers, Digital Infrastructure and Allied Technology Services
  • Power Generation, Energy Projects and Allied Infrastructure
  • Wind Power, Renewable Energy and Hybrid Energy Projects
  • Defence, Aerospace, Defence Technology and Allied Infrastructure Projects

This is subject to approval of the Members of the Company and other statutory/regulatory approvals.

5. Strategic Acquisition and Business Expansion Framework

The Board approved a Strategic Acquisition, Investment and Business Expansion Framework aimed at pursuing inorganic growth opportunities, expanding and diversifying business operations, strengthening technological capabilities and enhancing long-term stakeholder value. The framework encompasses identification, evaluation and pursuit of:

  • Strategic acquisitions, investments, mergers, joint ventures
  • Acquisition of equity shares, securities, business undertakings, ownership interests
  • Strategic or controlling stakes in Indian and overseas companies
  • Focus on emerging sectors: Artificial Intelligence (AI), Data Centres, Digital Infrastructure, Financial Technology (FinTech), Global Technology, Information Technology, Web 3.0, Blockchain Technology

Subject to requisite corporate, statutory and regulatory approvals including Companies Act, 2013, SEBI Listing Regulations, and Foreign Exchange Management Act, 1999.

6. Fund Raising through NCDs

The Board approved raising funds through issuance of Non-Convertible Debentures (NCDs) and/or other eligible non-convertible debt securities on a private placement basis for an aggregate principal amount not exceeding ₹1,000,00,00,000/- (Rupees One Thousand Crore Only).

Key Terms:

  • To be issued in one or more series/tranches
  • May be secured or unsecured, listed or unlisted
  • Terms including coupon rate, tenure, redemption provisions, security arrangements to be determined by Board/Committee
  • Proceeds utilization: Strategic acquisitions, investments, business expansion, inorganic growth opportunities in India and overseas, including acquisition of equity shares/securities/business undertakings, together with associated transaction expenses and other permissible corporate purposes
  • Subject to members' approval and other requisite corporate, statutory and regulatory approvals

7. Postal Ballot Approval

The Board approved the Notice of Postal Ballot with Explanatory Statement for seeking members' approval through remote e-voting for the aforesaid proposals and resolutions.

8. Scrutinizer Appointment

The Board approved appointment of Mr. Desina Balarama Krishna, Practising Company Secretary (Membership No.: FCS 8168; Certificate of Practice No.: 22414) representing M/s. Balaramakrishna & Associates, Hyderabad as Scrutinizer for conducting the Postal Ballot through remote e-voting.

Financial Results Summary

Consolidated Financial Results (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹41,025.66
  • Other income: ₹14.96
  • Total Income: ₹41,040.62
  • Total Expenses: ₹37,037.50
  • Profit before tax: ₹4,003.12
  • Tax expense: ₹16.73
  • Profit for the period: ₹3,986.39
  • Other comprehensive income: ₹393.04
  • Total comprehensive income: ₹4,379.43
  • EPS (Basic): ₹0.33
  • EPS (Diluted): ₹0.32

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹80,266.01
  • Other income: ₹16.91
  • Total Income: ₹80,282.92
  • Total Expenses: ₹72,590.27
  • Profit before tax: ₹7,692.65
  • Tax expense: ₹13.88
  • Profit for the period: ₹7,678.77
  • Other comprehensive income: ₹381.80
  • Total comprehensive income: ₹8,060.57
  • EPS (Basic): ₹0.63
  • EPS (Diluted): ₹0.63

Segment Revenue (Q2 FY27):

  • Gaming - IT Services: ₹40,847.23
  • HFT (High Frequency Trading): ₹178.43

Standalone Financial Results (₹ in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹406.70
  • Other income: ₹0.50
  • Total Income: ₹407.20
  • Total Expenses: ₹303.31
  • Profit before tax: ₹103.89
  • Tax expense: ₹16.73
  • Profit for the period: ₹87.16
  • EPS (Basic): ₹0.007
  • EPS (Diluted): ₹0.007

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹811.48
  • Other income: ₹2.19
  • Total Income: ₹813.67
  • Total Expenses: ₹692.78
  • Profit before tax: ₹120.89
  • Tax expense: ₹13.88
  • Profit for the period: ₹107.01
  • EPS (Basic): ₹0.009
  • EPS (Diluted): ₹0.009

Subsidiaries Information

The consolidated financial results include the following subsidiaries:

1. Torus Fintech Private Limited (Wholly Owned Subsidiary) - India

2. String Forex Private Limited (Wholly Owned Subsidiary) - India

3. String Fintech HK Limited (Wholly Owned Subsidiary) - Hong Kong

4. String Digi Tech PTE Ltd (Wholly Owned Subsidiary) - Singapore

5. Kling Digital Assets FZCO (Subsidiary) - United Arab Emirates

6. String Digital Assets Limited (Step Down Subsidiary) - UAE

7. String DePIN and AI Ltd (Step Down Subsidiary) - UAE

8. String Flaven Realty LLP (Subsidiary LLP) - India

9. String Realty Vault LLP (Subsidiary LLP) - India

Share Capital Information

  • Paid-up equity share capital (Face value ₹1): ₹12,199.10 lakhs as of September 30, 2026
  • Previous paid-up equity share capital: ₹11,643.23 lakhs as of March 31, 2026

Additional Information

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of Companies Act, 2013. The results are available on the website of BSE (www.bseindia.com) and the Company's website (www.stringmetaverse.com).