Stock Split Details

String Metaverse Limited announced a sub-division of its equity shares. Each ₹10 equity share will be split into ten ₹1 shares. The record date for determining eligible shareholders for this 1:10 stock split is April 24, 2026. Shareholders approved this move overwhelmingly via a postal ballot, with voting concluding March 22, 2026.

Boosting Liquidity and Access

The main goal of this share split is to boost the company's stock liquidity. By lowering the per-share price, the company hopes to make its stock more accessible and affordable for a wider range of investors, especially retail participants. This move supports String Metaverse's strategy to improve its market presence and financial flexibility as it continues its transformation.

From Paper to Digital: Company's Pivot

String Metaverse Limited, previously Bio Green Papers Limited, has undergone a significant strategic shift. Founded in 1994, the company moved from paper manufacturing to a digital infrastructure and technology business. Its current focus is on Web 3.0, online gaming, blockchain, and FinTech solutions, following a restructuring process (CIRP) approved in May 2024. The company renamed itself in April 2025 and has recently reported strong revenue and profit growth, with Q3 FY26 revenue reaching ₹278.79 crore and profit after tax ₹27.72 crore.

What Shareholders Can Expect

Shareholders will hold ten times the number of shares they currently own after the split. The face value of each share will drop from ₹10 to ₹1. This change is cosmetic; it does not alter the company's total market value or the intrinsic value of an investor's stake at the time of the split.

Key Risks and Governance Concerns

In March 2026, the company reported insider trading code violations by two individuals, leading to an ₹11,207 penalty from SEBI. Past regulatory scrutiny and the company's restructuring history highlight the need for robust corporate governance. The technology and metaverse sectors are inherently volatile, posing market risks to String Metaverse's performance.

Industry Peers and Metaverse Trend

Peer companies, such as Dev Information Technology, have also conducted stock splits to improve liquidity. Dev IT announced a 5:2 split (₹5 to ₹2 face value) with an August 21, 2025, record date. Major IT firms like TCS, Infosys, and Tech Mahindra are also exploring opportunities in the metaverse and Web3 space, signaling a broader industry trend.

Recent Financial Performance

For the third quarter ended December 2025 (Q3 FY26), String Metaverse reported consolidated revenue of ₹278.79 crore, a significant year-on-year increase. Profit after tax for the quarter rose to ₹27.72 crore, reflecting strong operations.

Looking Ahead: What to Monitor

Monitor the stock's trading behavior after the split, focusing on changes in liquidity and volume. Observe the company's ongoing compliance with SEBI regulations and its execution of business strategies in the tech and metaverse sectors. Track future financial results to assess how operational strategies affect profitability and growth. Review any management commentary on analyst calls about the stock split's benefits, implications, and future expansion plans.