India, April 24 -- On April 24, 2026, String Metaverse Limited (META) informed the BSE that its Board will meet on April 29 to evaluate a proposal for the issuance of bonus equity shares. This strategic move is designed to reward public shareholders while accelerating the company's compliance with the Minimum Public Shareholding (MPS) requirement of 25%.

Currently, public shareholding stands at 21.48%. To bridge the remaining gap, the company has proposed an unconventional structure where promoters may forgo their entitlement to the bonus shares. By renouncing their portion, the promoters would effectively increase the proportionate ownership of public investors without the company having to sell more shares immediately.

The bonus propo...