Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
String Metaverse Limited (formerly Bio Green Papers Limited) has issued a Postal Ballot Notice seeking shareholder approval via e-voting for 6 special resolutions. E-voting runs from 2 Jan 2026 (9:00 AM) to 31 Jan 2026 (5:00 PM), with cut-off date 26 Dec 2025. The resolutions cover: (1) Appointment of Mr. Amar Kumar (DIN: 11270238) as Independent Director for 5 years from 7 Nov 2025; (2–4) Introduction of a new ESOP scheme 'SML ESOPS 2025 SERIES II' allowing up to 50 lakh stock options (face value ₹10 each) for employees, including those of subsidiaries/associates and grants exceeding 1% of issued capital; (5) Approval to raise up to ₹900 crore through equity shares, GDRs, ADRs, FCCBs, convertible debentures, or other securities via public/private placement, rights issue or QIP; (6) Separate QIP route to raise up to ₹450 crore from Qualified Institutional Buyers. CDSL has been appointed as the e-voting facilitator and Balaramakrishna & Associates as Scrutinizer.
If approved, the company will have a large fund-raising headroom of up to ₹900 crore (including a ₹450 crore QIP window), which could lead to significant equity dilution depending on the securities issued. The new ESOP scheme of up to 50 lakh options adds another dilution layer if exercised. The independent director appointment is routine and strengthens board oversight. Shareholders should vote by 31 Jan 2026; results will be announced within regulatory timelines.