Record Date for Bonus Issue

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+3.2% vs market

IT Enabled Services peers, median of 76sector-0.2%+3.4% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.4 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 76Pending

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AI summary

String Metaverse has fixed Friday, 19 June 2026 as the record date for a bonus issue of 2 equity shares for every 9 fully paid-up shares held. Importantly, the bonus will be issued exclusively to public shareholders to help the company meet SEBI's Minimum Public Shareholding (MPS) norms; promoter and promoter group shareholders are excluded. The deemed date of allotment is Monday, 22 June 2026. Face value per share is Re. 1.

Likely market impact

Eligible public shareholders on record date will receive extra shares free of cost, but the stock price is expected to adjust downward on the ex-date in line with the bonus ratio. The exclusion of promoters strongly suggests the company's public shareholding had dipped below the mandatory 25% threshold, and this bonus is a remedial step — a mild positive for public holders but neutral-to-negative for promoters due to proportional dilution.