Out come the Board Meeting
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's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Consolidated FY25 revenue surged to ₹407.36 crore from ₹151.21 crore in FY24, with net profit rising sharply to ₹35.25 crore (vs ₹10.82 crore), giving EPS of ₹3.37 (vs ₹1.12). Standalone FY25 revenue was ₹12.35 crore with a modest profit of ₹32 lakh and EPS of ₹0.03. The board also approved a Rights Issue of equity shares (face value ₹10) for up to ₹60 crore to existing shareholders. In a separate, much larger proposal, the board cleared a plan to raise up to USD 2 billion (in one or more tranches, over three years) through instruments including equity, ADRs, GDRs, FCCBs, convertible notes and preferential/private placements, subject to shareholder and regulatory approvals. Additionally, M/s. Pawan Jain & Associates was appointed as Secretarial Auditor for five years (FY26–FY30), pending shareholder approval.
Strong consolidated earnings growth and the rights issue are positive for shareholders, but the massive USD 2 billion (≈₹16,000+ crore) fundraising plan—vastly larger than the company's current scale—signals significant potential dilution and is the key thing to watch; pricing, timing and actual deployment will shape the stock's reaction.