String Metaverse Limited has appointed former BSE Chairman Dr. Sethurathnam Ravi as its new Chairman, effective June 2, 2026. The executive transition follows the dual resignations of Ghanshyam Das and Arvind Jadhav, coming amid a massive fiscal cycle where the technology group’s annual revenue surged 163.7% to ₹1,076.55 crore.
MUMBAI, India : Tech enterprise String Metaverse Limited (BSE: 534535) has officially appointed veteran financial administrator Dr. Sethurathnam Ravi as its new Non-Executive Non-Independent Director and Chairman. The high-level leadership transition, finalized on Tuesday, June 2, 2026, follows the formal resignation of outgoing Chairman Ghanshyam Das. This major executive shake-up comes as the company navigates quick corporate scaling, a recent 10:1 stock split, and expanding regulatory demands across India's domestic digital infrastructure sector.
Executive Realignment and Corporate Governance Changes
The boardroom transition was formally executed during a meeting of the Board of Directors convened under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. According to compliance filings submitted by the technology group, the appointment of Dr. Ravi remains subject to mandatory shareholder confirmation.
The structural transition follows consecutive exits at the top tier of the firm's leadership. Outgoing Chairman Ghanshyam Das officially vacated his post on May 29, 2026, citing personal reasons. Concurrently, Independent Director Arvind Jadhav tendered his resignation effective June 2, 2026, due to personal and professional commitments.
To maintain regulatory compliance and functional continuity, the board immediately reconstituted its Nomination and Remuneration Committee, naming Sarat Kumar Malik as the new chairperson.
Analytical Profile: Leadership Background and Strategic Tasks
Dr. Sethurathnam Ravi joins String Metaverse with over 37 years of comprehensive board-level leadership spanning commercial banking, non-banking financial companies (NBFCs), and capital market institutions. A Fellow Chartered Accountant (FCA) holding a doctorate in finance and commerce, Dr. Ravi previously served as the Chairman of BSE Limited and managed trustee portfolios for major financial firms like UTI Trustee Company Private Limited.
The incoming chairman’s extensive background in regulatory frameworks will be critical to guiding the firm’s upcoming strategic initiatives. Market observers anticipate that Dr. Ravi will focus heavily on strengthening internal compliance mechanisms, managing investor communications, and optimizing corporate governance standards as the enterprise transitions away from its legacy operations toward high-growth digital technologies.
Surging Financial Metrics and Market Capitalization Data
The extensive management overhaul takes place against a backdrop of historic financial growth for the technology provider. For the full fiscal year ended March 31, 2026, String Metaverse reported a 163.7% year-on-year surge in annual consolidated revenue from operations, with total turnover climbing to ₹1,076.55 crore, a substantial increase compared to previous operational baselines.
| Consolidated Financial Indicator | Quarter Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
| Total Income from Operations | ₹365.42 Crore | ₹1,076.55 Crore |
| Net Profit After Tax (PAT) | ₹34.70 Crore | ₹102.52 Crore |
| Total Comprehensive Income | ₹45.95 Crore | ₹120.99 Crore |
| Paid-up Equity Share Capital | ₹116.43 Crore | ₹116.43 Crore |
Furthermore, the company's full-year consolidated net profit reached ₹102.52 crore. To enhance market liquidity and lower entry barriers for retail shareholders, the firm previously executed a 10:1 stock split on April 24, 2026. This corporate action lowered the individual share face value from ₹10 to a baseline of ₹1, expanding the stock's accessibility to a broader retail investor base across domestic trading platforms.
Official Sources Section
Executive board changes, resignation timelines, committee assignments, and audited quarterly balances are compiled directly from the official regulatory filings submitted by the enterprise under SEBI guidelines. Corporate histories, previous names including the firm's history as Bio Green Papers Limited and stock split historical records are cross-referenced with data sets on the BSE Limited Investor Portal.
Quote Section
"According to officials, the strategic integration of Dr. Sethurathnam Ravi into our board leadership structure brings crucial institutional oversight to our digital growth phases. Organizers stated that establishing robust governance workflows remains our top priority as we expand our capital footprint across digital asset and core metaverse technologies."
Company administrative representatives commenting on the post-board meeting outcome.
Why It Matters
High-level board restructurings at listed technology companies carry immediate, practical implications for public investors, institutional fund managers, and retail stakeholders. When a fast-growing digital enterprise replaces its top board members with certified market regulators, it often signals an aggressive effort to clear past administrative hurdles and rebuild corporate credibility. For retail shareholders, a stronger focus on governance helps minimize trading compliance risks, ensuring that massive revenue expansions translate directly into sustainable, transparent shareholder value.
Key Facts at a Glance
The Top Appointment: Dr. Sethurathnam Ravi, former Chairman of BSE Limited, has been named the new Chairman of String Metaverse Limited.
Dual Resignations: The governance transition follows the consecutive resignations of former Chairman Ghanshyam Das and Independent Director Arvind Jadhav.
Revenue Rebounds: The boardroom reorganization coincides with an annual revenue surge of 163.7%, with total operations income reaching ₹1,076.55 crore.
Liquidity Injections: The corporate restructuring closely follows a comprehensive 10:1 stock split completed on April 24, 2026, which lowered the asset’s face value to ₹1.
Committee Realignment: The supervisory board has fully reconstituted its Nomination and Remuneration Committee under the leadership of Sarat Kumar Malik.
FAQ Section
Why did former Chairman Ghanshyam Das resign from his position at String Metaverse?
According to official corporate filings submitted to market regulators, former Chairman Ghanshyam Das stepped down from his executive board seat due to personal reasons.
What specific trading ticker identifier represents String Metaverse on the public exchange?
The digital asset enterprise can be tracked and traded on the main exchange platform of BSE Limited under the unique scrip security code "534535" and trading symbol "META."
Is the appointment of Dr. Sethurathnam Ravi as Chairman final?
The Board of Directors has formally approved the appointment effective June 2, 2026, but the transition remains subject to final, statutory approval from public and institutional shareholders.
Source: BSE Limited, ScanX ,Corporate Intelligence.
