31st Annual Report 2024-25
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String Metaverse Limited (formerly Bio Green Papers) has filed its 31st Annual Report for FY 2024-25 along with the notice for its 31st Annual General Meeting scheduled for Friday, 26th September 2025 at 11:30 AM via video conferencing. Shareholders will vote on adopting the audited financial statements, re-appointing Mr. Santosh Althuru as Director, and appointing M/s. Pawan Jain & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The company is also seeking approval to appoint Mr. Hemant Prabhudas Vastani as an Independent Director for a five-year term. Major special resolutions include authorizing borrowings up to ₹300 Crores, investments/loans/guarantees up to ₹1,000 Crores, material related party transactions, and ratification of the 2023 ESOP scheme along with a new 2025 ESOP scheme covering up to 25 lakh stock options at ₹10 face value.
The combined borrowing authority of ₹1,300 Crores signals significant capital-raising plans ahead. The new ESOP scheme of 25 lakh options and the broad authorization for related party transactions and lending to director-interested entities may raise governance and dilution concerns that shareholders should review before the September 26 vote.