Fund Utilization Report for the Quarter Ended on 31st December,2025.
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Awaiting price reaction for this filing.
String Metaverse Limited submitted its quarterly fund utilization report for the Rights Issue, under which it had raised ₹4,925.15 lakhs on May 5, 2025. The company confirmed there is no deviation or variation in the use of proceeds compared to the original objects stated in the offer document. The main allocations were: Capital Expenditure in overseas subsidiaries (₹3,668.12 lakhs allocated, ₹3,477.03 lakhs utilized, ₹191.09 lakhs still unutilized), General Corporate Purpose (original ₹917.03 lakhs, with an additional ₹300.10 lakhs reallocated from Issue-Related Expenses, totaling ₹1,217.13 lakhs utilized, within the 25% permissible limit), and Issue-Related Expenses (original ₹340 lakhs, revised to ₹16.14 lakhs, with ₹23.76 lakhs utilized). The Audit Committee reviewed and confirmed full compliance with SEBI Regulation 32.
Reassuring for shareholders as funds are being deployed as originally promised with no misuse or diversion. The ₹191.09 lakhs unutilized from overseas subsidiary investments remains pending deployment; this is a routine compliance filing and unlikely to move the stock price significantly.