Transteel Seating Technologies Limited — Board Meeting, 26-12-2024: Outcome of Board Meeting

The Board of Transteel Seating Technologies has made significant decisions, including increasing the authorized share capital from ₹21 Crores to ₹25 Crores, pending shareholder approval. The Company aims to enhance its business scope by altering its Memorandum of Association to include project management and digital solutions. A fundraising initiative was greenlit, targeting up to ₹38.56 Crores via the issue of 48,20,000 fully convertible warrants to non-promoter strategic investors. Additionally, Ms. Simran Ibrahim has been appointed as an Additional Director (Executive Category), effective immediately. An Extra-Ordinary General Meeting is scheduled to seek shareholder approval for these decisions.