| Market Cap | ₹942.07 CrSmall Cap |
|---|---|
| P/E TTM | 7.76Sector: 23.52 |
| Promoter Holding | 74.98%Zero Pledges |
| 1-Year Return | -73.64%Price Performance |
Key highlights
- Board meeting scheduled for November 6, 2026, to approve Q2 and H1 FY27 financial results
- Agenda includes a new proposal for raising funds via equity, debentures, or convertible securities
- Company recently allotted equity shares worth ₹14.83 crore on October 30, 2026
- June 2026 quarter revenue grew 97.33% year-on-year to reach ₹392.4 crore
- Trading window for designated persons remains closed from October 1 until 48 hours post-results
Board Eyes Q2 Financial Performance and Capital Infusion
String Metaverse Limited, a Web3-focused enterprise formerly known as Bio Green Papers Limited, is convening its board on November 6, 2026. The primary objective is to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Simultaneously, the board will deliberate on a fresh fundraising proposal involving the issuance of equity shares, debentures, or other eligible securities.
This meeting comes at a time when the company is aggressively expanding its capital base, having previously established a capital-raising framework of up to ₹1,000 crore in August 2026 to support its digital infrastructure growth.
Recent Corporate Actions and Financial Trajectory
- The company reported a 104.53% year-on-year increase in net profit to ₹37.01 crore for the quarter ended June 2026.
- Operating revenue for the same period stood at ₹392.4 crore, marking a 9.18% sequential growth from the previous quarter.
- On October 30, 2026, the company allotted 1,67,57,058 equity shares on a preferential basis, raising approximately ₹14.83 crore.
- Shareholders had earlier approved a larger preferential issue of up to 8.32 crore shares worth ₹73.63 crore during an EGM on October 16, 2026.
- The company currently operates with a high promoter stake of 74.98%, which saw a slight quarter-on-quarter increase of 0.03%.
Strategic Shift into Web3 and Digital Infrastructure
Since its rebranding, String Metaverse has focused on establishing a robust presence in the Internet Software and Services sector. The upcoming fundraise proposal, which may involve both cash and non-cash considerations, is intended to further the company's Web3 objectives. To facilitate this, the board will also review a draft Notice of Postal Ballot to seek shareholder approval for the new capital plans.
Despite a challenging year for the stock price, the company maintains a Piotroski Score of 7, indicating relatively strong financial health, and continues to trade at a significant discount to its industry P/E average of 45.8.
| Date | Announcement | Amount |
|---|---|---|
| 30 Oct 2026 | Allotment of 1,67,57,058 equity shares on a preferential basisSource: scanx.trade | ₹14.83 Cr |
| 20 Oct 2026 | Appointment of Dr. Sethurathnam Ravi as Director Emeritus in an honorary advisory roleSource: screener.in | – |
| 16 Oct 2026 | Shareholder approval at EGM for preferential issue of up to 8,32,03,383 equity sharesSource: BSE filing | ₹73.63 Cr |
| 14 Oct 2026 | Receipt of BSE in-principle approval for proposed preferential issue of equity sharesSource: BSE filing | – |
| 25 Sep 2026 | Proceedings and summary of the 32nd Annual General MeetingSource: BSE filing | – |
| 17 Sep 2026 | Board approval for preferential issue of up to 8,32,03,383 equity shares at Rs 8.85 eachSource: m.youtube.com | ₹73.63 Cr |
What to watch next
- Declaration of Q2 and H1 FY27 financial results on November 6, 2026
- Details regarding the size and pricing of the proposed new fundraising round
- Reopening of the trading window for designated persons 48 hours after result declaration
- Issuance of the Postal Ballot notice for shareholder approval of the capital raise
| Share price | ₹6.62 |
|---|---|
| Market capitalisation | ₹942.07 Cr |
| Revenue (annual) | ₹1,069.11 Cr |
| Net profit (annual) | ₹102.48 Cr |
| Revenue (latest quarter) | ₹392.40 Cr+9.18% vs previous quarter |
| Net profit (latest quarter) | ₹37.01 Cr+5.02% vs previous quarter |
| P/E (TTM) | 7.76×Sector 23.52× |
| Promoter holding | 74.98%+0.03% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by String Metaverse Limited announcing the Board of Directors meeting scheduled for November 6, 2026. Market figures from a third-party data provider.
