Outcome Of Rights Issue Committee Meeting held on 21st November,2025.

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AI summary

The Rights Issue Committee of String Metaverse Ltd approved the Draft Letter of Offer for a proposed Rights Issue on 21st November 2025. The company plans to issue fully paid-up equity shares of Rs. 10 each to eligible shareholders (excluding Promoter and Promoter group). The total fundraising size will not exceed Rs. 6,000 Lakhs (Rs. 60 Crores). The issue price, entitlement ratio, and record date are yet to be decided and will be notified later. The Draft Letter of Offer will be submitted to BSE for in-principle approval.

Likely market impact

This is a capital-raising announcement, not a price-moving event yet. Shareholders should watch for the issue price, entitlement ratio, and record date, as these will determine the dilution and whether participation is attractive.