Outcome of 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, meeting on November 7, 2025, approved Q2 FY26 and H1 FY26 financial results along with plans to raise up to ₹1,410 Crores through a combination of a Rights Issue (₹60 Cr), Qualified Institutions Placement (₹450 Cr), and broader issuances including ADRs/GDRs/FCCBs (up to ₹900 Cr) to meet Minimum Public Shareholding (MPS) requirements. Consolidated revenue surged to ₹23,249.83 lakhs in Q2 FY26 versus ₹8,780.74 lakhs in Q2 FY25, while H1 FY26 revenue jumped to ₹43,135.94 lakhs (vs ₹13,782.25 lakhs). Profit after tax climbed to ₹2,163.65 lakhs in Q2 (vs ₹675.24 lakhs) and ₹3,993.40 lakhs for H1 (vs ₹1,213.36 lakhs), with EPS at ₹1.84 for the quarter. The Board also approved the SM ESOP 2025 – Series II covering 50 lakh equity shares, a Postal Ballot notice, and the reappointment of Mr. Amar Kumar as Independent Director, while adopting a Related Party Transactions policy.
Strongly positive: triple-digit revenue and profit growth demonstrate the scaling of the gaming and HFT segments, but the large dilution-linked fund-raising plan (potentially up to ₹1,410 Cr) is aimed at meeting public shareholding norms and could weigh on near-term stock sentiment depending on pricing and structure.