Outcome & Proceedings of 31st AGM Held on 26th September,2025.
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Awaiting price reaction for this filing.
String Metaverse Limited held its 31st Annual General Meeting on 26th September 2025 via video conferencing, starting at 11:30 AM and concluding at 12:36 PM, with 32 members present. The meeting was chaired by Non-Executive Director Ghanshyam Dass, with all 11 directors in attendance. A total of 13 resolutions were proposed for approval, including 2 ordinary business items (adoption of audited financial statements for FY ended March 31, 2025, and reappointment of Mr. Santosh Althuru as a director retiring by rotation) and 11 special business items. E-voting was open from 21-25 September 2025. Notable special resolutions include increases in borrowing limits under Section 180 of the Companies Act, approval for loans and investments under Sections 185 and 186, material related party transactions, and approval/ratification of two employee stock option schemes (ESOS 2023 and a new ESOS 2025), including grants to employees of subsidiaries and associates.
This is a procedural filing confirming the AGM was held; the actual voting results will be submitted to the exchange within 2 working days. Shareholders should watch for the voting outcome of the resolutions, particularly the ESOP schemes and related party transaction approvals, as these can affect capital structure and dilution. No immediate share price action expected from this filing alone.