Change of Name of the company from Bio Green Papers Limited To String Metaverse Limited.
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Bio Green Papers Limited has officially changed its name to String Metaverse Limited, with effect from April 25, 2025, after receiving a fresh Certificate of Incorporation from the Registrar of Companies. This name change follows the NCLT Hyderabad Bench's approval (order dated May 28, 2024) of a Scheme of Arrangement under which String Metaverse Limited (Transferor Company) was merged into Bio Green Papers Limited (Transferee Company) as part of a Resolution Plan. The company was originally incorporated in 1994 as Shiv Sagar Paper & Chemicals Limited and was in the paper business, but the merger effectively pivots the listed entity into the metaverse/technology space. The BSE scrip code remains 534535 (currently under the old symbol BGPL), with the process to update the trading symbol on BSE still underway.
Existing shareholders retain their holdings, but the underlying business of the company has effectively shifted from paper manufacturing to metaverse/technology via the reverse merger. Investors should note the pending trading symbol change on BSE and verify the new symbol before placing trades.