String Metaverse board meet Sept 17, 2026 on fund raise

What the company has announced

String Metaverse Ltd (BSE: 534535) has scheduled a meeting of its Board of Directors for Thursday, September 17, 2026. The company said the board will consider proposals to raise funds through the issuance of equity shares or other eligible securities. The issuance may be done through a preferential issue or a private placement. The fundraising proposal, the company added, will be subject to requisite regulatory, statutory, and shareholder approvals.

Fundraising route under consideration

The board agenda includes evaluating a fundraise through equity shares and or convertible securities, as indicated in the filing summary. Preferential allotment and private placement are both mechanisms that typically require compliance with SEBI regulations and stock exchange processes. String Metaverse has also indicated that it plans to seek member consent for the transaction. To enable that, the board is set to approve a draft notice for an Extra-Ordinary General Meeting (EGM).

EGM notice and shareholder approval process

Alongside the fundraising discussion, the board will consider approving the draft EGM notice. The purpose of the EGM is to seek shareholder approval for the proposed fundraising transaction. The company has explicitly stated that the proposal remains subject to shareholder approvals, indicating that the board meeting is a procedural step rather than a final capital raise. Details such as size, pricing, investor participation, or instrument structure were not specified in the provided filing text.

Trading window closure for insiders

String Metaverse said that, pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company’s securities will remain closed from Tuesday, September 15, 2026. The restriction applies to Designated Persons, their immediate relatives, and other persons covered under the company’s Code of Conduct. The trading window will reopen only after 48 hours from public disclosure of the outcome of the board meeting. This is aligned with standard compliance practice around unpublished price sensitive information.

AGM already scheduled with e-voting timeline

Separate from the board meeting, String Metaverse has scheduled its 32nd Annual General Meeting (AGM) for Friday, September 25, 2026. The AGM will be held at 11:30 am through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to transact business for the financial year ended March 31, 2026 (FY26). The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facilities. Only members whose names appear in the Register of Members or the Register of Beneficial Owners as on the cut-off date will be eligible to vote.

Key dates investors should track

The company has provided a detailed voting calendar for the AGM, including the cut-off date and remote e-voting period.

Members attending the AGM through VC/OAVM who have not cast their vote through remote e-voting can vote using the e-voting facility during the meeting.

Stock snapshot and listed metrics

As of September 16, 2026 (03:55), the stock was reported at ₹8.01, down 0.42 or 4.98%. The reported market capitalization was ₹977 crore. The stock’s reported high and low levels were ₹26.5 and ₹4.90, respectively. The bid/ask data in the snapshot showed 0.00 / 8.01.

Background: bonus issue aimed at minimum public shareholding

In earlier disclosures referenced in the provided material, the company announced shareholder approval for a bonus issue exclusively for public shareholders. The bonus ratio was 2 bonus equity shares for every 9 equity shares held (2:9), with June 19, 2026 fixed as the record date and June 22, 2026 as the deemed allotment date. The stated objective was to achieve and maintain the prescribed 25% Minimum Public Shareholding (MPS) requirement. The promoter and promoter group voluntarily waived their entitlement to this bonus issue, as stated in the company’s communication.

The company also disclosed that the postal ballot e-voting process concluded on June 4, 2026 and that voting results along with the scrutinizer’s report were submitted to stock exchanges on June 5, 2026. The same disclosure noted that 100% of valid votes cast were in favour of the proposal, with 126 members participating representing 82,42,00,654 shares.

Market impact and why the board meeting matters

For investors, the September 17 board meeting is important because it is the formal step toward a potential capital raise through preferential issue or private placement. The company has also referenced, in the provided material, shareholder approvals and enabling resolutions such as borrowing powers up to ₹1,000 crore, loan guarantees up to ₹100 crore, and investment authority up to ₹1,000 crore, along with completion of a 1:10 stock split and a rights issue. In addition, the AGM-related material referenced an authorisation to raise funds up to ₹1,000 crore through instruments including QIPs, public issues, or preferential allotments.

At the same time, the company has clearly indicated that the fundraising proposal will require regulatory, statutory, and shareholder approvals, meaning timelines and final terms will depend on subsequent disclosures and voting outcomes. The trading window closure from September 15, 2026 reinforces that the company is treating the board deliberations as price sensitive.

Conclusion

String Metaverse’s September 17, 2026 board meeting will consider fundraising via preferential issue or private placement and will also take up approval of an EGM notice for shareholder consent. The trading window closure is in effect from September 15, 2026 until 48 hours after the board outcome is publicly disclosed. Separately, the company’s 32nd AGM is scheduled for September 25, 2026 with a defined e-voting calendar, which shareholders will need to follow for participation and voting.