String Metaverse Ltd Appoints New Chairman and Director

String Metaverse Ltd has announced significant leadership changes with the appointment of Dr. Sethurathnam Ravi as Director and Chairman, effective June 2, 2026. This move follows the recent resignations of Mr. Ghanshyam Das, the former Chairman, and Mr. Arvind Jadhav, an Independent Director.

What just happened

Dr. Sethurathnam Ravi has been appointed as an Additional Director and Chairman of String Metaverse Ltd. His appointment is effective June 2, 2026. Simultaneously, Mr. Ghanshyam Das resigned as Chairman and Director on May 29, 2026, citing personal reasons. Mr. Arvind Jadhav also resigned as Independent Director on June 2, 2026, due to personal and professional reasons.

Why this matters

This leadership transition signals a strategic shift for String Metaverse Ltd. The induction of Dr. Sethurathnam Ravi, a seasoned professional with a strong background in finance and corporate governance, is expected to bring new direction and stability to the company's board. Investors will be keen to observe how his leadership influences future corporate strategies and operational performance.

The backstory

Dr. Sethurathnam Ravi is a Fellow Chartered Accountant with over 37 years of experience across Banking, NBFCs, and Public Limited Companies. He previously served as the Chairman of BSE Limited and held board positions in major public sector undertakings and financial institutions like HAL, ONGC, BHEL, and IDBI Bank. He possesses a Doctorate in finance and commerce and is an Information Systems Auditor.

What changes now

The board composition sees a notable change with the addition of Dr. Ravi and the departure of Mr. Das and Mr. Jadhav. The Nomination and Remuneration Committee has also been reconstituted, with Mr. Sarat Kumar Malik now serving as Chairperson, alongside members Mr. Deenadayal Tripurasetty and Mr. Prathipati Parthasarathi.

Risks to watch

While Dr. Ravi's experience is a positive, the departure of the previous Chairman and an independent director could indicate underlying governance or strategic disagreements. Investors should monitor the company's performance and strategic direction under the new leadership.

Peer comparison

String Metaverse Ltd operates in a dynamic sector. While specific peer performance is not detailed in this filing, the appointment of a former BSE Chairman suggests a focus on strengthening corporate governance, a critical factor in attracting and retaining investor confidence within the technology and metaverse industry.

Context metrics (time-bound)

Mr. Ghanshyam Das's resignation is effective May 29, 2026. Mr. Arvind Jadhav's resignation and Dr. Sethurathnam Ravi's appointment are effective June 2, 2026.

What to track next

Investors should track the company's future announcements regarding strategic initiatives, financial performance, and any further board or management changes under the new chairmanship of Dr. Sethurathnam Ravi.

Reader Takeaway: New experienced chairman appointed; recent director resignations noted by stakeholders.