String Metaverse Ltd Announces Board Changes: Dr. Sethurathnam Ravi Appointed as Chairman
String Metaverse Limited, formerly known as Bio Green Papers Limited, has announced significant changes in its board composition, including the resignation of two directors and the appointment of Dr. Sethurathnam Ravi as the new Chairman. The company also detailed the reconstitution of its Nomination and Remuneration Committee (NRC) following the Board meeting held on June 02, 2026.The company noted the resignation of Mr. Ghanshyam Das from his position as Chairman and Director (Non-Executive & Non-Independent). His cessation was effective from May 28, 2026, due to personal reasons. Separately, Mr. Arvind Jadhav resigned as an Independent Director with effect from June 02, 2026, citing personal and professional reasons.
Effective from the same date, Dr. Sethurathnam Ravi was approved for appointment as a Director (Additional Director in the category of Non-Executive, Non-Independent Director) and the Chairman of the Company. His appointment is subject to the approval of the Members and necessary statutory compliances.
Appointment and Profile of Dr. Sethurathnam Ravi
Dr. Sethurathnam Ravi was appointed as a director following extensive professional experience spanning over 37 years in various sectors, including Banking, NBFCs, Mutual Funds, Home Finance, Capital Markets, PSU Banks, and large Public Limited Companies. He holds a Doctorate in finance and commerce, is a Fellow Chartered Accountant, and is also certified as an Insolvency Resolution Professional and member of the Association of Certified Fraud Examiners (CFE), USA.Dr. Ravi has held numerous distinguished positions on various boards, including Tourism Finance Corporation of India Ltd, where he serves as Chairman of the Board and a member of the Audit Committee. His current directorships also include roles at 360 One Asset Management Ltd and Aditya Birla ARC Limited.
Nomination and Remuneration Committee Reconstitution
The Board meeting reviewed and approved the reconstitution of the Nomination and Remuneration Committee (NRC) with effect from June 02, 2026. The members appointed to the NRC include:| Name | DIN | Category of Director | Designation in NRC |
|---|---|---|---|
| Mr. Sarat Kumar Malik | 09791314 | Non-Executive Independent Director | Chairperson |
| Mr. Deenadayal Tripurasetty | 10200896 | Non-Executive Independent Director | Member |
| Mr. Prathipati Parthasarathi | 00004936 | Non-Executive Independent Director | Member |
The company also confirmed that the Board took note of these changes and subsequently approved the appointment, detailing Dr. Ravi’s profile in its respective annexures.
Stock Price Movement
As of 12:00, shares of String Metaverse Ltd are ticking down slightly to ₹9.00, registering a 0.22% drop. The equity has been highly active intraday, trading within a tight range between the low of ₹8.95 and an intraday high of ₹9.37.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.