Outcome of board meeting held on 04-08-2025.
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▲ 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 reported strong consolidated results for Q1 FY26 (quarter ended 30 June 2025), with revenue from operations jumping nearly 4x to ₹19,886.11 lakhs (vs ₹5,001.51 lakhs in Q1 FY25), driven by gaming revenue (₹17,519.58 lakhs) and a new High-Frequency Trading (HFT) segment (₹2,366.53 lakhs). Consolidated profit after tax surged to ₹1,829.75 lakhs (vs ₹538.12 lakhs), and EPS rose to ₹1.60 from ₹0.55. On a standalone basis, however, profit fell sharply to ₹28.89 lakhs from ₹116.52 lakhs a year ago. The Board approved key changes: appointment of Mr. Hemant Vastani as Independent Director, resignation of Mrs. Naga Anusha Vegi, appointment of Mr. Raghavendra Hunasgi as CMO and CEO–Global Operations, a new ESOP 2025 scheme (25 lakh shares), and ratification of ESOP 2023 (99 lakh shares). The 31st AGM was scheduled for 26 September 2025.
The explosive consolidated revenue and profit growth, aided by a new HFT business line, is a positive signal for shareholders and may lift sentiment around the stock. However, weak standalone performance and the proposal of material related party transactions (subject to shareholder approval) warrant investor attention. ESOP grants covering ~1.24 crore shares could lead to future dilution.