String Metaverse Ltd

String Metaverse Limited, formerly known as Bio Green Papers Limited, reported no deviation or variation in the utilization of proceeds from its rights issue for the quarter ended September 30, 2026, according to a filing with the BSE Limited. The company raised Rs 4925.15 lakh through the rights issue on May 5, 2025, and the Audit Committee noted that Rs 300.10 lakh was reallocated from issue-related expenses to general corporate purposes, remaining within the permissible limit outlined in the Letter of Offer.

String Metaverse Ltd share price dropped 5% to Rs 6.84. The Company's net profit saw a marginal increase of 7.96% to Rs 39.86 crore, while revenue from operations slightly gained 4.55% to Rs 410.26 crore in Q2FY27 over Q2FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.8 lakh crore, gaining 2.68%. It has improved by 0.76% over last one week and crept higher by 0.63% in last one month while the market capitalization of String Metaverse Ltd has marginally improved by 4.74% and 1.23% in the same period respectively. Profit before tax (PBT) of String Metaverse Ltd stood at Rs 40.03 crore in Q2 FY27, jumping 83.79% year-on-year, and easing 8.48% quarter-on-quarter. EBITDA came in at Rs 47 crore, expanding by 93.58% YoY and rising 7.30% sequentially. Total expenses posted a minor rise of 4.18% to Rs 370.25 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 1.51 crore, improving by 7.86% YoY. For FY26, revenue from operations witnessed a strong growth of 162.45% to Rs 1069.11 crore, while net profit surged by 190.87% to Rs 102.53 crore, compared to previous FY. EBITDA jumped by 5071% to Rs 107.01 crore, and PBT soared 192.90% to Rs 103.51 crore compared to previous FY. The company's consolidated net cash flow from operating activities stood at Rs 143.93 crore in FY26, as against Rs 49.33 crore in FY25. String Metaverse Ltd tumbled by 69.81% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.74% during the same period.

String Metaverse Ltd share price fell 5% to Rs 6.84. The Company's net profit inched up 7.96% to Rs 39.86 crore, while revenue from operations slightly gained 4.55% to Rs 410.26 crore in Q2FY27 over Q2FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.8 lakh crore, easing 2.68%. It has improved by 0.76% over last one week and moved up slightly by 0.63% in last one month while the market capitalization of String Metaverse Ltd has marginally improved by 4.74% and 1.23% in the same period respectively. Profit before tax (PBT) of String Metaverse Ltd stood at Rs 40.03 crore in Q2 FY27, expanding by 83.79% year-on-year, and rising 8.48% quarter-on-quarter. EBITDA came in at Rs 47 crore, rallying 93.58% YoY and gaining 7.30% sequentially. Total expenses saw a slight increase of 4.18% to Rs 370.25 crore in Q2FY27 over Q2FY26. During the quarter, employee benefits expense was at Rs 1.51 crore, rising by 7.86% YoY. For FY26, revenue from operations surged 162.45% to Rs 1069.11 crore, while net profit saw a strong growth of 190.87% to Rs 102.53 crore, compared to previous FY. EBITDA surged by 5071% to Rs 107.01 crore, and PBT soared 192.90% to Rs 103.51 crore compared to previous FY. The company's consolidated net cash flow from operating activities stood at Rs 143.93 crore in FY26, as against Rs 49.33 crore in FY25. String Metaverse Ltd tumbled by 68.23% in last one year, underperforming the benchmark BSE Sensex which has eased by 4.80% during the same period.

String Metaverse Limited, formerly known as Bio Green Papers Limited, will hold a meeting of its Board of Directors on November 6, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and a proposal for raising funds through equity shares, debentures, or other eligible securities, potentially via preferential issue or private placement. The company has closed its trading window for designated persons from October 1, 2026, until 48 hours after the financial results are declared.

String Metaverse Limited, formerly known as Bio Green Papers Limited, announced the allotment of 1,67,57,058 fully paid-up equity shares at a price of Rs 8.85 per share, including a securities premium of Rs 7.85 per share, for a total consideration of Rs 14,82,99,963.30, on a preferential basis to 14 allottees. The allotment, approved by the company's board on September 17, 2026, and subsequently by BSE on October 14, 2026, increases the company's issued, subscribed, and paid-up equity share capital from Rs 121,99,09,771 to Rs 123,66,66,829.

String Metaverse Limited, formerly known as Bio Green Papers Limited, announced the allotment of 1,67,57,058 fully paid-up equity shares at a price of Rs 8.85 per share, including a securities premium of Rs 7.85 per share, for a total consideration of Rs 14,82,99,963.30, to 14 allottees. The allotment, approved by the company's board on September 17, 2026, and subsequently by the BSE on October 14, 2026, increases the company’s issued, subscribed, and paid-up equity share capital from Rs 121,99,09,771 to Rs 123,66,66,829.

String Metaverse Limited, formerly known as Bio Green Papers Limited, held an extra-ordinary general meeting on Thursday, October 15, 2026, where members approved a special resolution to issue up to 8,320,338 fully paid-up equity shares on a preferential basis for approximately Rs 73.63 crore, at an issue price of Rs 8.85 per share, including a securities premium of Rs 7.85 per share, to identified proposed allottees.

String Metaverse Limited, formerly known as Bio Green Papers Limited, will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter ended September 30, 2026, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

String Metaverse Limited, formerly known as Bio Green Papers Limited, will close its trading window for designated persons, their immediate relatives, and other covered individuals starting Tuesday, September 15, 2026, in connection with a board meeting scheduled for Thursday, September 17, 2026, to consider and approve raising of funds by way of preferential issue/private placement of equity shares and/or other eligible securities, including convertible securities.

String Metaverse Limited, formerly known as Bio Green Papers Limited, will hold a board meeting on Thursday, September 17, 2026, to consider and approve a fundraising through the issuance of equity shares and/or other eligible securities, including convertible securities, by way of preferential issue and/or private placement, subject to regulatory approvals and shareholder approval where required.