Postal Ballot Scrutinizer''s Report
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 Limited has submitted the Scrutinizer's Report on its Postal Ballot (e-voting held from January 2 to January 31, 2026), confirming that all six special resolutions were passed by shareholders with the requisite majority. The resolutions covered: (1) appointment of Mr. Amar Kumar (DIN: 11270238) as Non-Executive Independent Director; (2) approval of SML ESOP Scheme 2025 (Series II); (3) grant of stock options to employees of subsidiary and associate companies; (4) grant of options to identified employees equal to or exceeding 1% of issued capital in any one financial year; (5) raising of funds through issuance of securities; and (6) issuance of securities via Qualified Institutions Placement (QIP) to Qualified Institutional Buyers. Voting was overwhelmingly in favor, with approximately 5.69 crore shares (100% of valid votes cast) supporting each resolution and only 1 dissenting vote per resolution. E-voting was conducted through CDSL, and no physical postal ballots were dispatched.
Shareholders have cleared the company's path to raise additional capital through a QIP to institutional buyers and to roll out a fresh employee stock option plan — both of which could lead to equity dilution. No material dissent was recorded, so near-term governance disruption is unlikely.