Transteel Seating Technologies Limited — Important, 04-07-2025: Committee Meeting Updates

Transteel Seating Technologies Limited has announced a board meeting outcome where 2,60,000 warrants were converted into an equal number of equity shares at an issue price of Rs. 80 each, raising Rs. 1.56 Cr. These shares were allotted to non-promoter public investors on preferential basis upon receipt of the balance amount due. Following this conversion, the paid-up equity capital now stands at Rs. 217.06 Cr comprising 2.17 crore equity shares of Rs. 10 each. A total of 32.93 lakh warrants remain outstanding, allowing holders to convert into equity shares by paying the balance share price within the stipulated period. This fund raise strengthens the company’s equity base and supports future growth initiatives.