String Metaverse Ltd Announces Bonus Shares; Record Date Set as Penny Stock Trades Below ₹10

String Metaverse Ltd, a penny stock trading below Rs 10, has announced its first-ever bonus share issue for investors. The company said shareholders will receive 2 bonus shares for every 9 shares held, based on a face value of Rs 1 per share. It has also fixed June 19, 2026, as the record date for the bonus issue. Investors whose names appear in the company’s records on that date, and who hold at least 9 shares or multiples of 9, will be eligible for the bonus shares.

This bonus announcement comes a few months after the company’s stock split in April 2026. During that split, the shares were divided into 10 parts, reducing the face value from Rs 10 to Rs 1 per share. The restructuring has drawn attention because the stock continues to remain in the penny stock category despite its long-term gains.

On Friday, String Metaverse Ltd shares rose 3.47% on the BSE and closed at Rs 9.85. However, the stock has been under pressure over the past several months. It has fallen 56% in the last six months and dropped 36% over the past one year, a decline much sharper than the 8.84% return delivered by the Sensex in the same period. The stock’s 52-week high stands at Rs 32.44, while its 52-week low is Rs 7.20. The company currently has a market capitalisation of Rs 1,146 crore.

Despite the recent weakness, the stock has delivered exceptional long-term returns. Over the last three years, String Metaverse Ltd has surged 6,935%. In the last five years, it has gained 4,182%, and BSE data shows that over 10 years the stock has returned 8,854% to positional investors. Such performance has made it a widely tracked penny stock among retail market participants.

Shareholding data also shows a notable shift in ownership. As per the shareholding pattern dated April 22, 2026, promoters held 78.52% of the company, while the public held 21.48%. This compares with the March quarter, when promoters owned 81.79% and public shareholders held 18.21%. The change indicates a slight reduction in promoter stake and a corresponding rise in public participation.

The upcoming bonus issue is likely to attract investor interest because it is the company’s first such action and because the record date is close. Bonus shares do not change the overall value of an investor’s holding immediately, but they increase the number of shares owned and often improve liquidity in the stock. Market participants will now watch how the penny stock reacts in the days leading up to the June 19 record date.

Disclaimer: This is not investment advice. Stock market investments are subject to risk, and investors should consult experts before making any decision.