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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
String Metaverse Limited (BSE: META, formerly Bio Green Papers Limited) announced that shareholders have approved a bonus issue exclusively for public shareholders in the ratio of 2 bonus shares for every 9 shares held. E-voting concluded on June 4, 2026, with the special resolution passed by an overwhelming majority. The record date for determining eligibility has been fixed as June 19, 2026. Notably, promoters and the promoter group have voluntarily waived their entitlement, making this one of the rare bonus issues in Indian markets directed solely at public investors. The move is aimed at helping the company meet the regulatory 25% Minimum Public Shareholding (MPS) requirement while rewarding retail shareholders.
Eligible public shareholders on the record date will receive bonus shares for free, increasing their holdings by about 22% (2/9). The ex-bonus date is expected to see a proportional drop in share price, but overall investor value should remain unchanged immediately. The move signals management's effort to comply with public shareholding norms and broaden the retail base, which could improve liquidity going forward.