STRING METAVERSE LIMITED — Audit Report / Information 2026

May 25, 2026

STRING METAVERSE LTD.
A Web3.0 Enterprise
Date: 25th May, 2026.

To
BSE Limited,
P.J. Towers,
Dalal Street,
Mumbai – 400 001.

Dear Sir/Madam,

Subject: Outcome of Board Meeting of String Metaverse Limited (Formerly known as Bio Green Papers Limited) & Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reg: META | 534535 | String Metaverse Limited (“The Company”)

In continuation to our prior intimations dated 13th May, 2026, we wish to inform you that the Board of Directors of String Metaverse Limited (formerly known as Bio Green Papers Limited), at its meeting held today, i.e., Monday, 25th May, 2026, has inter alia considered and approved the following business item:

The Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended 31st March, 2026, along with the Audit Reports issued by the Statutory Auditors, M/s. Gorantla & Co., Chartered Accountants, Hyderabad (Firm Registration No. 016943S).

Further, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that the Statutory Auditors of the Company have issued the Audit Reports on the aforesaid Audited Standalone and Consolidated Financial Results with an unmodified opinion.

Further to our letter submitted to the Exchange dated 23rd March, 2026, the Audit Committee reviewed the violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015 by a Designated Person and noted that it was the first identified instance of such violation, The Committee advised issuance of a warning letter to the concerned person directing him/her not to repeat such instances in future and to ensure strict adherence to the applicable SEBI Regulations and the Company’s Code of Conduct.

This is for your information and necessary records.

The Board meeting commenced at 02:15 PM (IST) and concluded at 04:00 PM (IST)

Thanking you,

Yours faithfully,

For String Metaverse Limited

(Formerly known as Bio Green Papers Limited)

MEDAM CHOWDA
REDDY
M. Chowda Reddy
Company Secretary & Compliance Officer

String Metaverse Limited
(Formerly Known as Bio Green Papers Limited)
Registered Office Address: Sy.No 66/2, Street No.03, 2nd floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachi Bowli, Dargah Hussain Shahwali, Golconda, Hyderabad- 500008, Telangana, India, 500008.
CIN:L62099TG1994PLC017207 | Ph: 040-2939-0760 | Email:cs@stringmetaverse.com | Web: www.stringmetaverse.com

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CA

INDIA

Gorantla & Co

Chartered Accountants

INDEPENDENT AUDITOR'S REPORT

TO THE BOARD OF DIRECTORS OF STRING METAVERSE LIMITED (Formerly known as BIO GREEN PAPERS LIMITED)

REPORT ON THE AUDIT OF THE CONSOLIDATED ANNUAL FINANCIAL RESULTS

Opinion

We have audited the accompanying statement of Consolidated Financial Results of STRING METAVERSE LIMITED (Formerly known as BIO GREEN PAPERS LIMITED) ("the Holding Company") and its subsidiaries (the Company and its subsidiaries together referred to as the "Group"), for the year ended 31 March 2026 (the "Statement"), being submitted by the holding company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the statement includes the results of the subsidiaries:

Name of the Subsidiary	Relationship	Country of Incorporation
Torus Fintech Private Limited	Wholly Owned Subsidiary	India
String Forex Private Limited	Wholly Owned Subsidiary (from 29^{th} May,2025)	India
String AI IFSC Private Limited	Wholly Owned Subsidiary (up to 11^{th} September, 2025)	India
String Fintech HK Limited	Wholly Owned Subsidiary	Hong Kong
String Digi Tech PTE Ltd	Wholly Owned Subsidiary	Singapore
Kling Digital Assets FZCO	Subsidiary	Dubai
String Digital Assets Limited	Step Down Subsidiary (Wholly Owned Subsidiary of Kling Digital Assets FZCO)	Dubai
String DePIN and AI Ltd	Step Down Subsidiary (Wholly Owned Subsidiary of Kling Digital Assets FZCO)	Dubai
String Haven Realty LLP	Wholly Owned Subsidiary	India
String Realty Vault LLP	Wholly Owned Subsidiary	India

H.No. 6-3-664, Flat No. 101, B-Block, Prestige Rai Towers,
Inside Croma Building, Opp. NIMS, Punjagutta, Hyderabad - 500 082, T.S.
Mobile: 99859 48569, Tel: 040 - 23408569
E-mail: gorantlaandco@gmail.com, Website: www.gorantla.ca

H.No. : 25-105, Ashok Nagar, Ramachandrapuram,
BHEL, Hyderabad - 502032, Telangana.
Mobile: 99859 48569, Tel: 040 - 23408569
E-mail: gorantlaandco@gmail.com, Website: www.gorantla.ca

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(i) are presented in accordance with the requirements of the Regulation 33 of the Listing Regulations; and
(ii) gives a true and fair view in conformity with the recognition and measurement principals laid down in the Indian Accounting Standards ("Ind AS") and other accounting principles generally accepted in India of the consolidated net profit and other comprehensive income, and other financial information of the Group for the year ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing ("SA" s) specified under section 143(10) of the Companies Act, 2013 (the "Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the "ICAI") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

Management's Responsibilities for the Consolidated Financial Results

This statement, which includes Consolidated financial results which is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The statement has been compiled from the Consolidated Financial Statements for the year ended 31 March 2026. This responsibility includes the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and other comprehensive income and other financial information of the Group in accordance with recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulation. The respective Boards of Directors of entities included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that gives a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of the preparation of this Consolidated Financial Results by the Board of Directors of the holding company, as aforesaid.

FIFTY FIFTY PERCENTAGE
FIFTY PERCENTS
VERIFIED ACTIVITIES

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In preparing the Consolidated Financial Results, the respective Boards of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Boards of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.

The respective Boards of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of each company.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Consolidated Financial Results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report and complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Board of Directors.

FRANKLIN & ROOSEVELT
189435
P.O. Box 189435
New York, New York 10022

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• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results.

We communicate with those charged with governance of the company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable

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Other Matters

1) The Consolidated Financial Results includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us. Our report is not modified in respect of this matter.

2) The consolidated financial results include the financial information of Indian subsidiaries incorporated in India, which reflect total assets of Rs. 354.89 lakhs as at March 31, 2026; total revenues of Rs. 28.92 lakhs and Rs. 509.07 lakhs for the quarter ended and year ended March 31, 2026 respectively; total net loss after tax of Rs. 9.36 lakhs and Rs. 22.71 lakhs for the quarter ended and year ended March 31, 2026 respectively; total comprehensive loss of Rs. 9.36 lakhs and Rs. 22.71 lakhs for the quarter ended and year ended March 31, 2026 respectively; and net cash inflows of Rs. 4.85 lakhs for the year ended March 31, 2026, as considered in the consolidated financial results. These financial information have been audited by us for the year ended March 31, 2026 and reviewed by us for the quarter ended March 31, 2026.

The consolidated financial results also include the financial information of foreign subsidiaries, which reflect total assets of Rs. 24494.06 lakhs as at March 31, 2026; total revenues of Rs. 35768.37 lakhs and Rs. 105643.15 lakhs for the quarter ended and year ended March 31, 2026 respectively; total net profit after tax of Rs. 3269.79 lakhs and Rs. 9969.74 lakhs for the quarter ended and year ended March 31, 2026 respectively; total comprehensive income of Rs. 4390.80 lakhs and Rs. 11812.37 lakhs for the quarter ended and year ended March 31, 2026 respectively; and net cash inflows of Rs. 2137.33 lakhs for the year ended March 31, 2026, as considered in the consolidated financial results. This financial information has been audited by other auditors in the respective countries in accordance with the laws applicable therein, whose reports have been furnished to us by the Management, and has been converted to, and prepared in accordance with, Indian Accounting Standards (Ind AS) and expressed in the functional currency, by the Management.

Our opinion and conclusion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of the aforesaid foreign subsidiaries referred to in paragraph (b) above, is based solely on the reports of such other auditors and the conversion adjustments carried out by the Management.

Our opinion on the consolidated financial results, and our conclusion on the consolidated financial results, is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.

For Gorantla & Co
Chartered Accountants
Firm’s Registration No.: 016943S

Sri Ranga Gorantla
Partner
Membership No.: 222450
UDIN: 26222450PVPLKO7780

Place: Hyderabad
Date: 25th May, 2026

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String Metaverse Limited (Formerly known as BIO GREEN PAPERS LIMITED)

Corporate Identity Number (CIN): L62099TG1994PLC017207

Sy. No. 66/2, Street No. 03, 2nd Floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachi Bowli, Dargah Hussain Shahwali, Hyderabad, Golconda, Telangana, India, 500008

Statement of Consolidated Audited Results for the Quarter and Year ended March 31, 2026

₹ in Lakhs except share data

Particulars	Quarter ended			Year Ended
		Mar 31 2026	Dec 31 2025	Mar 31 2025	Mar 31 2026	March 31 2025
		Audited	Unaudited	Audited	Audited	Audited
I	Income
	Revenue from operations	35,940.17	27,835.12	15,384.55	1,06,911.23	40,735.94
	Other income	602.17	43.67	21.02	744.19	85.68
	Total Income	36,542.34	27,878.79	15,405.57	1,07,655.42	40,821.62
II	Expenses
	Cost of operations	31,819.75	24,269.05	13,670.43	93,238.74	35,641.32
	Employee benefits expense	270.07	207.63	114.36	745.10	334.13
	Finance costs	30.40	0.24	0.41	31.31	2.00
	Depreciation and amortization expense	620.82	435.32	270.21	1,805.70	673.58
	Other expenses	254.50	177.78	49.64	1,483.19	636.11
	Total Expenses	32,995.54	25,090.02	14,105.05	97,304.04	37,287.14
III	Profit / (Loss) before exceptional items and tax (I-II)	3,546.80	2,788.77	1,300.52	10,351.38	3,534.48
IV	Exceptional items	-	-	-	-	-
V	Profit / (Loss) before tax (III-IV)	3,546.80	2,788.77	1,300.52	10,351.38	3,534.48
VI	Tax expense
	(i) Current tax	16.86	0.14	9.92	39.41	9.92
	(ii) Deferred tax charge/(credit)	59.32	-	-	59.32	-
	Total tax expense	76.18	0.14	9.92	98.73	9.92
VII	Profit / (Loss) for the period / year (V-VI)	3,470.62	2,788.63	1,290.60	10,252.65	3,524.56
VIII	Other comprehensive income
	Items that will be not reclassified to profit or loss in subsequent years
	Re-measurement gains / (losses) on defined benefit plans	3.59	-	-	3.59	-
	Items that will be reclassified to profit or loss in subsequent years
	Exchange differences on translation of financial statements of foreign operations	1,121.01	244.05	73.21	1,842.63	185.71
	Other comprehensive income / (loss) net of income tax	1,124.60	244.05	73.21	1,846.22	185.71
IX	Total comprehensive income for the periods / year (VII+VIII)	4,595.22	3,032.68	1,363.81	12,098.87	3,710.27
X	Profit for the periods/ years attributable to:
	-Equity holders of the parent	3,524.13	2,772.04	1,274.64	10,247.82	3,508.60
	-Non-controlling interest	-53.51	16.59	15.96	4.83	15.96
XI	Other comprehensive income/ (loss) for the period /years attributable to:
	-Equity holders of the parent	1,132.67	239.68	72.68	1,841.86	185.18
	-Non-controlling interest	-8.07	4.37	0.53	4.36	0.53
XII	Total comprehensive income for the periods/ years attributable to:
	-Equity holders of the parent	4,656.80	3,011.72	1,347.32	12,089.68	3,693.78
	-Non-controlling interest	-61.58	20.96	16.49	9.19	16.49
XIII	Paid-up equity share capital (Face value per share - ₹ 1)	11,643.23	11,643.23	10,696.09	11,643.23	10,696.09
XIV	Other equity for the year	-	-	-	21,499.39	5,414.83
XV	Earnings per equity share (Face value per share - ₹ 1) (not annualised for quarters):
	a) Basic	0.30	0.24	0.12	0.89	0.33
	b) Diluted	0.30	0.24	0.12	0.88	0.33

M

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Audited Consolidated Statement of Assets and Liabilities as at March 31, 2026

$\xi$ in Lakhs

| Particulars | Mar 31
2026
Audited | March 31
2025
Audited |
| --- | --- | --- |
| I | ASSETS | | |
| Non-current Assets | | |
| Property, plant and equipment | 1,409.69 | 821.88 |
| Right-of-use assets | 573.90 | - |
| Capital Work in Progress | 2,192.65 | 959.25 |
| Goodwill | 2,750.59 | 2,750.59 |
| Other Intangible assets | 20,957.60 | 8,854.18 |
| Financial Assets | | |
| Investments | 2,240.34 | 552.65 |
| Other financial assets | 13.58 | 43.05 |
| Other non-current assets | - | - |
| Sub total | 30,138.35 | 13,981.60 |
| II | Current Assets | | |
| Financial assets | | |
| Investments | 162.73 | 0.08 |
| Trade receivables | 184.62 | 151.24 |
| Cash and cash equivalents | 2,712.82 | 1,005.39 |
| Other current financial assets | 481.68 | 544.10 |
| Other current assets | 520.79 | 663.44 |
| Sub total | 4,062.64 | 2,364.25 |
| Total Assets | 34,200.99 | 16,345.85 |
| III | EQUITY AND LIABILITIES | | |
| Equity | | |
| Equity share capital | 11,643.23 | 10,696.09 |
| Other equity | 21,499.39 | 5,414.83 |
| Equity attributable to equity holders of the parent | 33,142.62 | 16,110.92 |
| Non-controlling interest | 48.48 | 39.29 |
| Total Equity | 33,191.10 | 16,150.21 |
| LIABILITIES | | |
| Non-Current Liabilities | | |
| Financial liabilities | | |
| Borrowings | - | 7.56 |
| Lease Liabilities | 585.49 | - |
| Other financial liabilities | 19.99 | 19.99 |
| Long term provisions | 11.09 | 9.32 |
| Deferred tax liabilities (net) | 59.32 | - |
| Sub total | 675.89 | 36.87 |
| IV | Current Liabilities | | |
| Financial liabilities | | |
| Borrowings | 7.56 | 12.32 |
| Lease Liabilities | 10.58 | - |
| Trade payables | | |
| i) total outstanding dues of micro enterprises and small enterprises | - | - |
| ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 109.12 | 0.16 |
| Other financial liabilities | 25.01 | 16.67 |
| Other current liabilities | 141.59 | 119.38 |
| Provisions | 0.73 | 0.32 |
| Current Tax Liabilities (Net) | 39.41 | 9.92 |
| Sub total | 334.00 | 158.77 |
| Total equity and liabilities | 34,200.99 | 16,345.85 |

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Audited Statement of Cash Flows for the year ended March 31, 2026

₹ in Lakhs

| I | Particulars | Mar 31
2026
Audited | Mar 31
2025
Audited |
| --- | --- | --- | --- |
| | Operating activities
Profit / (Loss) before tax
Adjustments to reconcile profit before tax to net cash flows:
Depreciation on property, plant and equipment
Unrealized Foreign Exchange Gain
Non controlling interest
Employee share based payment
Net Finance costs
Working capital adjustments:
(Increase)/ decrease in trade receivables
(Increase)/ decrease in other current assets
(Increase)/ decrease in other financial assets
Increase/ (decrease) in trade payables
Increase/ (decrease) in other financial liabilities
Increase/ (decrease) in others current liabilities
Increase/ (decrease) in provisions
Income tax paid (net of refund)
Net cash flows from operating activities (A) | 10,351.38
1,805.70
1,842.64
-
67.03
-10.48
-33.38
143.90
90.64
108.96
8.34
22.21
5.78
14,402.72
-9.92
14,392.80 | 3,534.48
673.58
185.18
23.33
128.91
-74.52
-4.33
1,406.36
-522.62
-48.88
-144.01
-230.20
5.98
4,933.26 |
| II | Investing activities
Purchase of property, plant and equipment
Acquisition of intangible assets
Investment made in other companies
Interest received
Net cash flows used in investing activities (B) | -2,031.19
-13,672.19
-1,900.51
41.79 | -1,058.55
-6,554.63
-
76.52 |
| III | Financing activities
Repayment of borrowings, net
Proceeds from share capital and securities premium
Interest paid (gross)
Net cash flows used in financing activities (C) | -17,562.10
-12.32
4,925.15
-36.10 | -7,536.66
-11.42
1,250.00
-2.00 |
| | Net increase/ (decrease) in cash and cash equivalents (A+B+C) | 1,707.43 | -1,366.82 |
| | Cash and cash equivalents at the beginning of the period | 1,005.39 | 2,372.21 |
| | Cash and cash equivalents at the end of the period | 2,712.82 | 1,005.39 |

H

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Notes

1. The above consolidated financial results have been prepared in accordance with the Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment Rules, 2016.
2. The above consolidated financial results have been reviewed by the audit committee and there after approved by the Board of Directors at its meeting held on May 25, 2026.
3. The Statutory Auditors of the Company have audited the above consolidated financial results of the Company for the year ended 31 March 2026. An unqualified opinion has been issued by them thereon.
4. The Company is engaged in business of gaming software development and services and HFT Revenue.
5. The consolidated financial results of the Company comprising its subsidiary (together "the Group") includes the results of following entities:

Company	Relationship under Ind AS
Torus Kling Fintech Private Limited	Wholly Owned Subsidiary
String Forex Private Limited	Wholly Owned Subsidiary (from May 29,2025)
String AI IFSC Private Limited	Wholly Owned Subsidiary (upto September 11,2025)
String Fintech HK Limited	Wholly Owned Subsidiary
String Digi Tech PTE Ltd	Wholly Owned Subsidiary
Kling Digital Assets FZCO	Subsidiary
String Digital Assets Limited	Step Down Subsidiary (Wholly Owned Subsidiary of Kling Digital Assets FZCO)
String DePIN and AI Limited	Step Down Subsidiary (Wholly Owned Subsidiary of Kling Digital Assets FZCO)
String Haven Realty LLP	Wholly Owned Subsidiary
String Realty Vault LLP	Wholly Owned Subsidiary

1. The comparative financial result for the corresponding quarter ended on March 31,2026 is the balancing figures between the year to date figures of the financial year and third quarter of the financial year.
2. Figures for the previous period have been regrouped or reclassified, wherever necessary, to conform to the classification adopted in the current period.
3. The above results are also available on Stock Exchange website www.bseindia.com and on the Company's website www.stringmetaverse.com.

Consolidated Segment Information

Particulars	Quarter ended			Year Ended
	March 31 2026	Dec 31 2025	March 31 2025	March 31 2026	March 31 2025
1) SEGMENT REVENUE
Gaming - IT Services	35,829.69	27,281.28	15,384.55	1,01,051.56	40,735.94
HFT	110.48	553.84	-	5,859.67	-
Less: Inter- Segment revenue	-	-	-	-	-
Net Revenue from Operations	35,940.17	27,835.12	15,384.55	1,06,911.23	40,735.94
2) SEGMENT RESULT
Gaming - IT Services	3,764.83	2,935.15	1,550.12	11,145.19	4,124.38
HFT	-168.99	245.52	-	299.00	-
Total	3,595.84	3,180.67	1,550.12	11,444.19	4,124.38
Less: Other Unallocable expenditure	651.23	435.57	270.62	1,837.00	675.58
Add: Unallocable Other Income	602.17	43.67	21.02	744.19	85.68
Profit before tax and Non-controlling interests	3,546.80	2,788.77	1,300.52	10,351.38	3,534.48
3) SEGMENT ASSETS
Gaming - IT Services	32,696.06	27,508.19	16,345.85	32,696.06	16,345.85
HFT	1,504.93	1,389.34	-	1,504.93	-
Unallocated	-	-	-	-	-
Total	34,200.99	28,897.53	16,345.85	34,200.99	16,345.85
4) SEGMENT LIABILITIES
Gaming - IT Services	1,007.37	308.95	16,345.85	1,007.37	16,345.85
HFT	2.52	3.43	-	2.52	-
Unallocated	33,191.10	28,585.15	-	33,191.10	-
Total	34,200.99	28,897.53	16,345.85	34,200.99	16,345.85

For and on behalf of the Board of Directors of

STRING METAVERSE LIMITED

Place: Hyderabad
Date: 25th May,2026

M. Ganesh Meenavalli
Managing Director
DIN: 09330391

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INDIA

Gorantla & Co

Chartered Accountants

INDEPENDENT AUDITOR'S REPORT

TO THE BOARD OF DIRECTORS OF STRING METAVERSE LIMITED (Formerly known as BIO GREEN PAPERS LIMITED)

REPORT ON THE AUDIT OF THE STANDALONE ANNUAL FINANCIAL RESULTS

OPINION

We have audited the accompanying statement of standalone financial results of STRING METAVERSE LIMITED (Formerly known as BIO GREEN PAPERS LIMITED) ("hereinafter referred to as the Company"), for the year ended 31st March,2026 (the "Statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid statement of standalone financial results:

(i) are presented in accordance with the requirements of the Regulation 33 of the Listing Regulations in this regard; and

(ii) give a true and fair view in conformity with the recognition and measurement principals laid down in the Indian Accounting Standards ("Ind AS") and other accounting principles generally accepted in India of the standalone net profit and other comprehensive income and other financial information of the Company for the year ended 31 March,2026.

BASIS FOR OPINION

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act 2013 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by The Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Companies Act 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence we have obtained by us is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.

H.No. 6-3-664, Flat No. 101, B-Block, Prestige Rai Towers,
Inside Croma Building, Opp. NIMS, Punjagutta, Hyderabad - 500 082, T.S.
Mobile: 99859 48569, Tel: 040 - 23408569
E-mail: gorantlaandco@gmail.com, Website: www.gorantla.ca

H.No. : 25-105, Ashok Nagar, Ramachandrapuram,
BHEL, Hyderabad - 502032, Telangana.
Mobile: 99859 48569, Tel: 040 - 23408569
E-mail: gorantlaandco@gmail.com, Website: www.gorantla.ca

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MANAGEMENT'S RESPONSIBILITIES FOR THE STANDALONE FINANCIAL RESULTS

These Standalone annual financial results, is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited Standalone Financial Statements as at year ended 31 March, 2026. This responsibility includes preparation and presentation of the Standalone Financial Results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors is responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE STANDALONE FINANCIAL RESULTS

Our objectives are to obtain reasonable assurance about whether the standalone financials result as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the standalone financials results.

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As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Standalone Financials Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion and express an opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.

• Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure, and content of the standalone financial results, including the disclosures, and whether the Standalone Annual Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results.

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We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

OTHER MATTERS

The Standalone annual financial results include the results for the quarter ended 31 March,2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year, which were subjected to a limited review as required under the Listing Regulations.

For Gorantla & Co
Chartered Accountants
Firm’s Registration No.: 016943S

Sri Ranga Gorantla
Partner
Membership No.: 222450
UDIN: 26222450IGSWDH5990

Place: Hyderabad
Date: 25th May,2026

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STRING METAVERSE LIMITED (Formerly known as BIO GREEN PAPERS LIMITED)

Corporate Identity Number (CIN): L62099TG1994PLC017207

Sy. No. 66/2, Street No. 03, 2nd Floor, Rai Durgam, Prashanth Hills, Nav Khalsa, Gachi Bowli, Dargah Hussain Shahwali, Hyderabad,Telangana, India, 500008

Statement of Audited Standalone Financial Results for the Quarter and Year ended March 31, 2026

₹ in Lakhs except share data

Particulars	Quarter ended			Year ended
		Mar 31,2026	Dec 31,2025	Mar 31,2025	Mar 31,2026	March 31, 2025
		Audited	Unaudited	Audited	Audited	Audited
I	Income
	Revenue from operations	387.58	335.23	410.00	1,293.69	1,235.44
	Other income	601.58	31.05	20.44	713.41	84.91
	Total Income	989.16	366.28	430.44	2,007.10	1,320.35
II	Expenses
	Cost of operations	167.78	3.25	155.62	219.35	372.39
	Employee benefits expense	156.21	102.86	49.59	332.75	212.85
	Finance costs	30.40	0.24	0.41	31.31	2.00
	Depreciation and amortisation expense	160.94	139.33	66.72	497.13	221.11
	Other expenses	165.49	107.14	82.69	522.80	480.00
	Total expenses	680.82	352.82	355.03	1,603.34	1,288.35
III	Profit/(Loss) before exceptional items and tax (I-II)	308.34	13.46	75.41	403.76	32.00
IV	Exceptional items	-	-
V	Profit/(Loss) before tax (III-IV)	308.34	13.46	75.41	403.76	32.00
VI	Tax expense
	(i) Current tax	38.82	-	-	38.82	-
	(ii) Deferred tax charge/(credit)	59.32	-	-	59.32	-
	Total tax expense	98.14	-	-	98.14	-
VII	Profit/(Loss) for the period / year (VI-VII)	210.20	13.46	75.41	305.62	32.00
VIII	Other comprehensive income
	Items that will be not reclassified to profit or loss in subsequent years
	Re-measurement gains / (losses) on defined benefit plans	3.59	-	-	3.59	-
	Income tax effect	-	-	-	-	-
	Other comprehensive income / (loss) net of income tax	3.59	-	-	3.59	-
IX	Total comprehensive income/(loss) for the period / year (VII+VIII)	213.79	13.46	75.41	309.21	32.00
X	Paid-up equity share capital (Face value per share - INR 1)	11,643.23	11,643.23	10,696.09	11,643.23	10,696.09
XII	Other equity for the year				4,831.18	476.94
XII	Earnings per equity share (Face value per share - INR 1) (not annualised for quarters):
	a) Basic	0.02	0.00	0.01	0.03	0.00
	b) Diluted	0.02	0.00	0.01	0.03	0.00

METAVERSE

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Audited Statement of Assets and Liabilities as at March 31, 2026

$\text{©}$ in Lakhs

Particulars	Mar 31,2026	March 31,2025
Audited	Audited
I	ASSETS
Non-current Assets
Property, plant and equipment	1,313.16	794.18
Right-of-use assets	573.90	-
Capital work in progress	53.67	428.21
Goodwill	2,750.59	2,750.59
Other Intangible assets	1,257.39	1,252.25
Financial Assets
Investment	10,151.35	4,178.49
Other financial assets	12.54	12.42
Sub total	16,112.60	9,416.14
Current Assets
Financial assets
Investments	8.26	0.08
Trade receivables	196.26	151.24
Cash and cash equivalents	197.06	631.85
Other current financial assets	424.22	514.55
Other current assets	351.29	658.28
Sub total	1,177.09	1,956.00
Total Assets	17,289.69	11,372.14
II	EQUITY AND LIABILITIES
Equity
Equity share capital	11,643.23	10,696.09
Other equity	4,831.18	476.94
	16,474.41	11,173.03
LIABILITIES
Non-Current Liabilities
Financial liabilities
Borrowings	-	7.56
Lease Liabilities	585.49
Other Financial liabilities	19.99	51.23
Provisions	11.09	9.32
Deferred Tax Liabilities (net)	59.32	-
Sub total	675.89	68.11
Current Liabilities
Financial liabilities
Borrowings	7.56	12.32
Lease Liabilities	10.58	-
Trade payables	-	-
i) total outstanding dues of micro enterprises and small enterprises	-	-
ii) total outstanding dues of creditors other than micro enterprises and small enterprises	17.64	0.16
Other financial liabilities	8.10	4.91
Other current liabilities	55.96	113.29
Provisions	0.73	0.32
Current Tax Liabilities (Net)	38.82	-
Sub total	139.39	131.00
Total equity and liabilities	17,289.69	11,372.14

M

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Audited Statement of Cash Flows for the Year ended March 31, 2026

$\text{? in Lakhs}$

Particulars	Mar 31,2026	March 31,2025
		Audited	Audited
	Operating activities
	Profit / (Loss) before tax	403.76	32.00
	Adjustments to reconcile profit/(loss) before tax to net cash flows:
	Depreciation and amortization expense	497.13	221.11
	Share based payment expense	67.03	128.91
	Net Finance Costs	-9.61	-73.74
	Working capital adjustments:	-	-
	(Increase)/ decrease in trade receivables	-45.02	15.12
	(Increase)/ decrease in other current assets	306.99	-463.16
	(Increase)/ decrease in other financial assets	90.20	-490.18
	Increase/ (decrease) in trade payables	17.48	-94.05
	Increase/ (decrease) in other current liabilities	-57.33	-178.92
	Increase/ (decrease) in other financial liabilities	-28.05	-
	Increase/ (decrease) in provisions	5.78	5.99
		1,248.36	-896.92
	Income tax paid (net of refund)	-	-
	Net cash flows from / (used in) operating activities (A)	1,248.36	-896.92
	Investing activities
	Purchase of property, plant and equipment	-202.18	-559.45
	Acquisition of intangible assets	-417.58	-819.68
	Net Investment in subsidiary and others	-5,981.03	-575.93
	Interest received	40.91	75.74
	Net cash flows from / (used in) investing activities (B)	-6,559.88	-1,879.32
	Financing activities
	Proceed from Issue of share capital and securities premium	4,925.15	1,250.00
	Proceeds from borrowings, net	-12.32	-11.42
	Interest paid (gross)	-36.10	-2.00
	Net cash flows from / (used in) financing activities (C)	4,876.73	1,236.58
	Net increase/ (decrease) in cash and cash equivalents (A+B+C)	-434.79	-1,539.66
	Cash and cash equivalents at the beginning of the period	631.85	2,171.51
	Cash and cash equivalents at the end of the period	197.06	631.85

Notes:
1 The above standalone financial results have been prepared in accordance with the Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standard) Amendment Rules, 2016.
2 The above standalone financial results have been reviewed by the audit committee and there after approved by the Board of Directors at its meeting held on May 26, 2026.
3 The Statutory Auditors of the Company have audited the above standalone financial results of the Company for the year ended 31 March 2026. An unqualified opinion has been issued by them thereon.
4 The company is engaged in business of gaming software development and services. Since the necessary conditions specified in Ind AS 108 are not fulfilled and also, the Chief operating decision makers do not review them separately, disclosing information as per requirements of Ind AS 108 "Operating Segments" is not required.
5 The comparative financial result for the corresponding quarter ended on March 31,2026 is the balancing figures between the year to date figures of the financial year and third quarter of the financial year.
6 Figures for the previous period have been regrouped or reclassified, wherever necessary, to conform to the classification adopted in the current period.
7 The above results are also available on Stock Exchange website www.bseindia.com and on the Company's website www.stringmetaverse.com.

For and on behalf of the Board of Directors of

STRING METAVERSE LIMITED

Place: Hyderabad

Date: 25th May,2026

H. Ganesh

Ganesh Meenavalli

Managing Director

DIN: 09330391