String Metaverse approves selective 2:9 bonus issue for public shareholders; stock up 5%String Metaverse approves selective 2:9 bonus issue for public shareholders; stock up 5%

Introduction

Leading technology company approved selective 2:9 bonus issue proposal for public shareholders after promoter group voluntarily waived participation rights in proposed allotment.

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Share price movement of String Metaverse

On April 29, 2026, String Metaverse Ltd opened at ₹10.05, up 4.69% from its previous close of ₹9.60. The stock reached a high of ₹10.05 (4.69%) and a low of ₹10.00. By 4:00 PM, it traded at ₹10.05, a 4.69% increase, with a market cap of ₹1,170.14 crore.

String Metaverse Approves Selective Bonus

String Metaverse board approved a proposed bonus issue in the ratio of 2:9 for public shareholders. Promoter and promoter group voluntarily waived participation in the proposed allotment.

The proposed bonus shares will be issued only to eligible public shareholders, subject to regulatory approvals and stock exchange compliance requirements. Record date and detailed terms remain pending.

The company stated the proposal may support alignment with minimum public shareholding requirements of 25%. The structure follows promoter waiver instead of proportional bonus allotment.

Stock performance of String Metaverse for period of 1 week, 6 months, and 1 year

String Metaverse Ltd delivered a 1-week return of 20.4%, a 6-month return of -67.2%, and a 1-year return of 5.13%.

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Shareholding pattern of String Metaverse

Particulars	Mar 2026	Dec 2025	Sep 2025
Promoter	81.80%	81.80%	81.80%
FII	0.00%	0.00%	0.00%
DII	0.00%	0.00%	0.00%
Public	18.20%	18.20%	18.20%

About String Metaverse

String Metaverse Ltd (BSE: 534535) provides software development services for gaming industry and focuses on Web 3.0, blockchain, fintech and digital infrastructure solutions.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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