Chairman & Non-Executive Non-Independent Director Resigns from Board
Mr. Sethurathnam Ravi (DIN: 00009790), Chairman & Non-Executive Non-Independent Director, has resigned from the Board with effect from close of business hours on September 30, 2026.
- Director Name
- Mr. Sethurathnam Ravi (DIN: 00009790)
- Position
- Chairman & Non-Executive Non-Independent Director
- Effective Date
- September 30, 2026
- Reason
- professional commitments and inability to devote the required time
- Status Confirmation
- no other material reasons
What happened
String Metaverse Limited (formerly Bio Green Papers Limited) has told BSE that Mr. Sethurathnam Ravi, Chairman and Non-Executive Non-Independent Director, has tendered his resignation from the Board.
- Effective from the close of business hours on September 30, 2026
- He also ceases to hold the office of Chairman of the Board from the same date
- Stated reason: professional commitments and consequent inability to devote the time required to discharge his responsibilities as a Director
- He confirmed that the resignation is solely due to personal and professional commitments and that there are no other material reasons
The resignation letter
His resignation email to the Board repeats the same reason and thanks fellow Board members and the management team for their cooperation during his tenure. He requested that the stock exchanges be informed as required. He is described in the letter as Founder, Ravi Rajan & Co. LLP, Chartered Accountants.
How investors may read it
The departure is of a non-executive, non-independent director who chaired the Board, so it does not change day-to-day executive management. Board-level changes at the Chairman position are watched closely by investors, but the update records a time-commitment reason and an explicit confirmation of no other material reasons.
The disclosure was made under Regulation 30 of the SEBI Listing Regulations and signed by M. Chowda Reddy, Company Secretary & Compliance Officer.
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