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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.

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 June 30, 2026, according to a filing with the BSE Limited. The company, which raised Rs 4925.15 lakh through a rights issue on May 5, 2025, noted that an amount of 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 softened by 4.96% to Rs 6.51. The Company`s net profit saw a marginal increase of 6.37% to Rs 36.92 crore, while revenue from operations slightly gained 9.18% to Rs 392.4 crore in Q2FY26 over Q1FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.44 lakh crore, easing 2.81%. It has marginally improved by 1.02% over last one week and climbed by 14.58% in last one month while the market capitalization of String Metaverse Ltd has improved by 4.66% and 29.76% in the same period respectively. Profit before tax (PBT) of String Metaverse Ltd stood at Rs 36.9 crore in Q2 FY26, rallying 100.76% year-on-year, and gaining 4.03% quarter-on-quarter. EBITDA came in at Rs 44 crore, expanding by 104.67% YoY and surging by 46.36% sequentially. Total expenses saw a slight increase of 7.81% to Rs 355.4 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 1.4 crore, collapsing by 48.15% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 169.40% to Rs 407.36 crore, while net profit soared by 225.79% to Rs 35.25 crore, compared to previous TTM. EBITDA jumped by 1558% to Rs 40.39 crore, and PBT soared 226.62% to Rs 35.34 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 49.33 crore in FY26, as against Rs 1.24 crore in FY25. String Metaverse Ltd crashed 68.26% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.56% during the same period.

String Metaverse will hold a meeting of the Board of Directors of the Company on 11 August 2026.