Disposal of Subsidiary Company

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Price reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹24.00

prior close

₹24.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+4.0% vs market

IT Enabled Services peers, median of 69sector-0.4%+4.3% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.3 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.2

15m

+2.5

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0-0.1+4.0-0.4+4.3

Next day

+6.3+0.7+5.6-0.6+6.8

+7.5+1.2+6.3+0.0+7.5

+4.2+1.9+2.3-0.2+4.3

+3.3+1.6+1.7+0.5+2.8

+4.2+2.0+2.2+0.1+4.1

+5.4+0.9+4.5-0.8+6.2

15d

+1.7-1.4+3.1-1.9+3.5

-5.0-1.6-3.4-3.9-1.1

—-0.7—-3.7—

+5.8-6.0+11.8-8.3+14.1

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 69Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

String Metaverse Limited has sold its entire 1,38,83,568 equity shareholding (100%) in its wholly-owned subsidiary String AI IFSC Private Limited to Axill LLC, a US-based entity not related to the promoters. The deal was signed and completed on 11th September 2025 for a total consideration of ₹1.84 crore (approximately USD 2.09 lakh). The disposed subsidiary contributed ₹644.13 lakhs in revenue (1.58% of consolidated revenue) and had a net worth of ₹870.23 lakhs (5.39% of consolidated net worth) for FY25. The transaction is not a related-party deal and the subsidiary has ceased to be a subsidiary of the company with effect from 11th September 2025.

Likely market impact

For shareholders, this is a minor divestment — the subsidiary was a small contributor to the company's overall revenue (under 2%), and the sale price (₹1.84 crore) is modest in the context of the company's net worth. The move simplifies the group structure and brings in a small cash inflow, but is unlikely to materially move the stock price on its own.