Revised outcome of Board Meeting/Change in Directorate/Change in Management.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
String Metaverse Limited has revised its June 2, 2026 board meeting outcome to correct a typographical error in the resignation date of Mr. Ghanshyam Das, now confirmed as May 28, 2026. The board noted the resignation of Mr. Ghanshyam Das as Chairman and Non-Executive & Non-Independent Director due to personal reasons, and Mr. Arvind Jadhav as Independent Director due to personal and professional reasons, effective June 2, 2026. To fill the vacancy, the board appointed Dr. Sethurathnam Ravi, a former BSE Chairman and experienced chartered accountant with 37+ years across banking and finance, as Additional Non-Executive Non-Independent Director and Chairman, subject to shareholder approval. The Nomination and Remuneration Committee was also reconstituted.
The departure of two directors including the Chairman within days signals a leadership transition, but the appointment of a high-profile, well-credentialed Chairman (former BSE Chairman) may be viewed positively by the market for governance and oversight. Shareholders should watch for the outcome of the upcoming shareholder meeting to formalize Dr. Ravi's appointment.