<h1>String Metaverse Ltd Allots Bonus Shares to Public Shareholders, Achieves Minimum Public Shareholding Compliance</h1>
String Metaverse Ltd, formerly Bio Green Papers Limited, has completed a significant bonus issue, allotting fully paid-up equity shares exclusively to its public shareholders. The action resulted in the company achieving compliance with the Minimum Public Shareholding (MPS) requirements.
The Committee of the Board of Directors approved the allotment of 55,586,661 fully paid-up Bonus Equity Shares, each valued at Re.1/-. This bonus issue was conducted in the ratio of two Bonus Equity Shares for every nine existing Equity Shares held by eligible public shareholders as of the record date, June 19, 2026.
The successful allotment exclusively to the public sector ensured that no shares were allotted to the Promoter and Promoter Group, fulfilling compliance objectives relating to MPS requirements.
Capital Structure Post Bonus Issue
The bonus issue increased the company’s paid-up equity share capital from its pre-issue structure to the post-issuance level. The details of the share capital are as follows:| Particulars | Pre-Bonus Issue | Bonus Shares Allotted | Post-Bonus Issue |
|---|---|---|---|
| Number of Equity Shares | 1,164,323,110 | 55,586,661 | 1,219,909,771 |
| Face Value per Equity Share (₹) | 1.00 | 1.00 | 1.00 |
| Paid-up Equity Share Capital (₹) | 1,164,323,110 | N/A | 1,219,909,771 |
Following the allotment, the paid-up equity share capital of String Metaverse Ltd increased from ₹1,164,323,110 comprising 1,164,323,110 Equity Shares to ₹1,219,909,771 comprising 1,219,909,771 Equity Shares.
Shareholding Pattern Update
The bonus issue led to a shift in the company’s shareholding pattern (SHP). The public shareholding increased consequent upon the allotment of shares exclusively to the public shareholders.A comparison of the shareholder structure pre and post bonus issue is provided below:
| Category | Equity Shares (Pre-Bonus) | %Holding (Pre-Bonus) | Bonus Shares Allotted | Equity Shares (Post-Bonus) | %Holding (Post-Bonus) |
|---|---|---|---|---|---|
| Promoter & Promoter Group | 914,183,131 | 78.52% | NIL | 914,183,131 | 74.94% |
| Public Shareholders | 250,139,979 | 21.48% | 55,586,661 | 305,726,640 | 25.06% |
| Total | 1,164,323,110 | 100.00% | 55,586,661 | 1,219,909,771 | 100.00% |
The public shareholding of the company increased from 21.48% to 25.06% following the bonus issue. The completion of the allotment means that String Metaverse Ltd has now achieved compliance with the Minimum Public Shareholding (MPS) requirement, which is stipulated at 25%.
Stock Price Movement
As of 10:16, shares of String Metaverse Ltd are edging higher, currently trading at ₹8.08, which represents a strong 4.94% increase for the day. The stock has been active during early trading, having ranged between an intraday low of ₹7.72 and its current high near ₹8.08.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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