String Metaverse Ltd has allotted 5.55 crore bonus shares to its public shareholders in a 2:9 ratio. This move increases public holding to 25.06%, ensuring regulatory compliance with minimum public shareholding norms.
String Metaverse Ltd Completes Bonus Issue to Meet Public Shareholding Norms
Total Bonus Shares Allotted: 5,55,86,661
Record Date: June 19, 2026
Reader Takeaway: Regulatory compliance achieved; promoter commitment shown, removing non-compliance risk.
What just happened
String Metaverse Ltd's Bonus Issue Committee has approved the allotment of 5,55,86,661 fully paid-up equity shares. These shares were issued in a 2:9 ratio to eligible public shareholders.
The key aspect of this corporate action is that the promoter and promoter group shareholders voluntarily gave up their entitlement to these bonus shares. This strategy ensured that the bonus shares were exclusively allocated to public shareholders.
Why this matters
This bonus issue was primarily undertaken to comply with the 25% Minimum Public Shareholding (MPS) requirement mandated by SEBI regulations. Previously, the company's public shareholding was at 21.48%.
Following the allotment, the public shareholding has risen to 25.06%. This increase brings String Metaverse Ltd into full compliance with Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The backstory
Before this bonus issue, String Metaverse Ltd's public shareholding stood at 21.48%. The company needed to increase this percentage to meet the regulatory threshold of 25%.
The promoter and promoter group held 78.52% of the company's shares prior to the bonus issue.
What changes now
String Metaverse Ltd has successfully met the minimum public shareholding requirement. This compliance removes the risk of potential regulatory actions or sanctions associated with non-compliance.
The total number of shares outstanding has increased from 1,16,43,23,110 to 1,21,99,09,771. The promoter group's holding percentage has reduced to 74.94%, while public shareholders now hold 25.06%.
Risks to watch
With the primary regulatory hurdle cleared, the immediate risk of non-compliance is addressed. Investors should continue to monitor the company's operational performance and future growth strategies.
Peer comparison
Many listed companies periodically undertake similar corporate actions, such as rights issues or bonus issues, to adjust their shareholding patterns and ensure regulatory compliance with public float norms.
Context metrics (time-bound)
- Bonus Shares Allotted: 5,55,86,661
- Record Date: June 19, 2026
- Pre-Bonus Public Shareholding: 21.48%
- Post-Bonus Public Shareholding: 25.06%
- Total Shares Pre-Bonus: 1,16,43,23,110
- Total Shares Post-Bonus: 1,21,99,09,771
What to track next
Investors will be keen to see how the company leverages its compliant status for future growth and whether the promoter group's strategic decision translates into enhanced shareholder value.