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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.
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.