Postal Ballot Voting Results
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String Metaverse Limited (formerly Bio Green Papers Limited) submitted the Scrutinizer's Report on its postal ballot concluded on 31st January 2026. All six special resolutions were passed with the requisite majority. Resolutions covered: (1) appointment of Mr. Amar Kumar as Non-Executive Independent Director, (2) approval of SML ESOP 2025 Series II stock option scheme, (3) grant of ESOP options to employees of subsidiary and associate companies, (4) grant of options to identified employees equal to or exceeding 1% of issued capital, (5) raising of funds through issuance of securities, and (6) issue and allotment of securities via Qualified Institutions Placement (QIP) to Qualified Institutional Buyers. Voting was conducted electronically through CDSL from 2nd to 31st January 2026. Each resolution received 100% support in favor — about 5.69 crore shares voted in favor while just 1 share was voted against.
Shareholders have cleared the way for a new employee stock option scheme and authorized a potential fundraise through QIP, which could dilute existing holdings if exercised. The independent director appointment strengthens board governance. Given the near-unanimous approval, no significant shareholder pushback was seen on any item.