Outcome of Board Meeting held on 02nd June,2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
String Metaverse Limited held a board meeting on 02nd June 2026 (4:00 PM to 5:05 PM IST) where three key decisions were taken. First, the board accepted the resignations of Mr. Ghanshyam Das (Non-Executive Chairman, effective 29th May 2026) and Mr. Arvind Jadhav (Independent Director, effective 02nd June 2026), both citing personal reasons. Second, Dr. Sethurathnam Ravi, a former Chairman of BSE Limited, was appointed as Additional Director (Non-Executive, Non-Independent) and Chairman with effect from 02nd June 2026, subject to shareholder approval. Third, the Nomination and Remuneration Committee was reconstituted with three independent directors: Mr. Sarat Kumar Malik (Chairperson), Mr. Deenadayal Tripurasetty, and Mr. Prathipati Parthasarathi. Dr. Ravi brings over 37 years of board-level experience across PSU banks, financial institutions, and listed companies including HAL, ONGC, BHEL, LIC Housing Finance, and IDBI Bank.
The appointment of a highly credentialed former BSE Chairman as the new Chairman could be viewed positively by the market, suggesting strengthened governance for this small-cap company. Shareholders will need to approve Dr. Ravi's appointment at the next general meeting, while the loss of two directors is being simultaneously filled and is not expected to disrupt board operations.