BSEString Metaverse LtdMinimalNeutral
Announced Tue, 26 May · 18:16 IST

Annual Secretarial Complaince Report for the year ended 31st March,2026.

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AI summary

String Metaverse Ltd has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, audited by Pawan Jain & Associates. The report covers compliance with multiple SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories regulations. One current-year non-compliance was identified: two designated persons executed contra trades within six months, violating Regulation 9 of SEBI (PIT) Regulations read with Clause 10 of Schedule B. The company issued advisory and show cause notices; no monetary penalty was imposed by the stock exchange, though Rs.11,207 was transferred to SEBI-IPEF in one case. The report also addresses three prior-year non-compliances related to SDD maintenance, Regulation 30 disclosures, and Board composition — all of which occurred during the Corporate Insolvency Resolution Process (CIRP) period and are now resolved. The company has challenged BSE-imposed penalties for Board composition issues via a SOP waiver application.

Likely market impact

The filing reveals one fresh insider trading code violation (contra trade) alongside resolution of legacy CIRP-era non-compliances. No material monetary penalties from regulators, but ongoing dispute with BSE over Board composition fines. Overall compliance posture is largely clean.