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STRING METAVERSE LIMITED — Regulatory Filings 2026
May 25, 2026
62670_rns_2026-05-25_62abc80e-6ea2-4676-8502-743cb1e51b05.pdf
Regulatory Filings
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STRING METAVERSE LTD.
A Web3.0 Enterprise
Date:25th May,2026.
To
BSE Limited,
20th Floor, P.J. Towers,
Dalal Street, Mumbai – 400 001.
Dear Sir/Madam,
Sub: Statement on Deviation or Variation of Funds Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reg: META | 534535 | String Metaverse Limited (“The Company”)
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there has been no deviation or variation in the utilization of the proceeds of the Rights Issue of the Company for the quarter ended 31st March, 2026 as compared to the objects stated in the offer document.
The statement in this regard, duly reviewed by the Audit Committee, is enclosed herewith as Annexure-1.
Kindly take the above on record.
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:[email protected] | Web:www.stringmetaverse.com
STRING METAVERSE LTD.
A Web3.0 Enterprise
Annexure-1
Statement of Deviation or Variation in the use of proceeds raised through Rights Issue
(Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)
| Particulars | Details |
|---|---|
| Name of Listed Entity | String Metaverse Limited |
| Mode of Raising Funds | Rights Issue |
| Date of Raising Funds | 05-05-2025 |
| Amount Raised (₹ in Lakhs) | 4925.15 |
| Report filed for Quarter Ended | 31st March,2026. |
| Monitoring Agency | Not Applicable |
| Monitoring Agency Name (if applicable) | Not Applicable |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | Not Applicable |
| If yes, Date of Shareholder Approval | Not Applicable |
| Explanation for the Deviation / Variation | Not Applicable |
| Comments of the Audit Committee after review | The Audit Committee has noted that there is no deviation or variation in the utilization of the proceeds. |
| Comments of the Auditors, if any | None |
Objects for which funds have been raised and where there has been a deviation, in the following table:
| Original Object | Modified Object (if any) | Original Allocation (₹ in Lakhs) | Modified Allocation (if any) | Funds Utilised (₹ in Lakhs) | Funds Unutilised (₹ in Lakhs) | Amount of Deviation / Variation for the quarter according to applicable object (₹ in Lakhs) | Remarks, if any |
|---|---|---|---|---|---|---|---|
| Capital Expenditure in the form of investments in overseas subsidiaries | NO | 3668.12 | 0 | 3668.12 | NIL | NIL (No deviation) | NIL |
| General Corporate Purpose | NO | 917.03 | An amount of ₹300.10 lakhs has been reallocated from Issue-Related Expenses to General Corporate Purpose (GCP) Expenses, which remains within the permissible limit of 25% of the total Right Issue proceeds as specified in the Letter of Offer. | 1217.13 | NIL | NIL (No deviation) | |
| Issue Related Expenses | NO | 340.00 | 16.14 | 23.76 | NIL (No deviation) |
Kindly take the above on record.
For String Metaverse Limited
(Formerly Known as Bio Green Papers Limited)
HEMANT PRABHUDAS
VASTANI
Digitally signed by HEMANT PRABHUDAS VASTANI
DN = NIL & NPDDAMS = NIL 2025
1. In the Name and Addresses of the Author(s) of the Audit Committee (Address)
2. Name of the Audit Committee (Address)
3. Name of the Audit Committee (Address)
4. Name of the Audit Committee (Address)
5. Name of the Audit Committee (Address)
Hemant Prabhudas Vastani
Chief Financial Officer(CFO)
Date: 25th May,2026
Place: Hyderabad
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:[email protected]|Web:www.stringmetaverse.com