BSEString Metaverse LtdMediumNegative
Announced Sun, 7 Sept · 19:50 IST

Resignation of Director

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Hemant Prabhudas Vastani (DIN: 07085006), an Additional Director in the Independent category, has resigned from the Board of String Metaverse Limited effective 7th September 2025. He cited personal and professional reasons for his departure. Along with his directorship, he also steps down as Chairman of the Audit Committee and from all other Board committee positions. He has confirmed there are no other material reasons behind his resignation beyond those stated. The resignation letter has been submitted to the Board and disclosed to BSE under SEBI Listing Regulations.

Likely market impact

The company loses one Independent Director and the Chairman of its Audit Committee, which could temporarily affect board composition and audit oversight until a replacement is appointed. Shareholders should watch for timely appointment of a new Independent Director to maintain regulatory compliance on board structure.