BSEString Metaverse LtdMinimalNeutral
Announced Thu, 30 Apr · 08:10 IST

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹10.05
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.9-9.5-25.5
Up moveDown movePending
AI summary

String Metaverse Limited has filed a confirmation with BSE stating that the SEBI Large Corporate disclosure requirements do not apply to the company for FY 2026-27. The company meets only one of the three qualifying conditions: it has equity shares listed on BSE. However, it does not meet the other two conditions — it does not have outstanding long-term borrowings of ₹1,000 crore or more, nor does it possess a credit rating of 'AA' or above for unsupported bank borrowings or plain vanilla bonds. Therefore, the company is not classified as a 'Large Corporate' and is not required to file the Initial Disclosure under SEBI Circular dated October 19, 2023.

Likely market impact

Neutral filing for shareholders. The company confirms it falls below the thresholds for Large Corporate classification, meaning it avoids additional disclosure obligations. This indicates the company is smaller in scale with borrowings under ₹1,000 crore.