String Metaverse Approves Rare Public Only Bonus Share Issue and Sets June 19 Record Date

HYDERABAD: In a highly unusual capital market move, String Metaverse Limited (BSE: META) has secured shareholder approval for an exclusive bonus share issue aimed solely at its public investors. The initiative is specifically designed to help the company comply with SEBI’s mandated 25% Minimum Public Shareholding (MPS) threshold.

Following an e-voting period that concluded on June 4, 2026, shareholders overwhelmingly passed a Special Resolution approving a bonus ratio of 2 new equity shares for every 9 existing shares held. The company has officially designated June 19, 2026, as the Record Date to determine which public shareholders are eligible for the payout.

A Rare Capital Market Phenomenon:
What makes this corporate action stand out in Indian market history is the voluntary waiver by the company’s inner circle. The promoter and promoter group have completely given up their rights to the bonus shares, ensuring that only non-promoter, public retail investors reap the rewards.

By executing this selective distribution, String Metaverse increases its total public equity float without injecting capital or diluting public wealth, effectively pushing its public shareholding percentage closer to the required regulatory 25% benchmark while expanding its public investor base.

“The approval of this special resolution represents an important milestone in our efforts to enhance public participation and achieve the prescribed Minimum Public Shareholding norms,” stated Dr. Raghavendra Hunasgi, CEO of String Metaverse Limited. “This unique initiative reflects our commitment to creating long-term value for public investors while strengthening the Company’s capital market profile. As we continue to expand our global footprint, we remain focused on executing our long-term growth strategy across AI infrastructure, digital assets, Web3 ecosystems, gaming platforms, agentic technologies, and next-generation financial infrastructure.”

Key Takeaways of the Corporate Action:
The Bonus Ratio: Public investors will receive 2 additional free shares for every 9 shares they own on the cutoff date.

The Cutoff (Record Date): Shares must be held in investor portfolios by June 19, 2026, to qualify.

Promoter Action: Promoters have voluntarily opted out of receiving any bonus shares.

Primary Objective: To restructuring equity distribution to hit the mandatory 25% public ownership rule.

The company has filed the official voting outcomes and scrutinizer reports with the stock exchanges, clearing the way for the shares to be credited to eligible demat accounts post-record date.