Transteel Seating Technologies Converts 13,31,500 Warrants into Equity Shares
Transteel Seating Technologies Limited, formerly known as Transteel Seating Technologies Pvt.Ltd, has completed the conversion of warrants into equity shares following a fund-raising committee meeting held on August 11, 2026. The completion marks the full conversion of all warrants previously allotted by the company into Equity Shares.The allotment was made to Non-Promoters/Public Category on a preferential basis. The company approved the issuance of 13,31,500 equity shares in exchange for the equivalent number of warrants. These shares were issued at an issue price of Rs. 80/- each, including a premium of Rs. 70/- per share.
The successful conversion involved the receipt of the balance amount corresponding to 75% of the issue price per warrant, aggregating to Rs. 7,98,90,000/-. This transaction was executed by nine allottees who participated in the exercise of their conversion rights.
As a result of this conversion and allotment of equity shares, the issued and paid-up capital of Transteel Seating Technologies Ltd has increased to Rs. 24,99,85,100/-. This new capital consists of 2,49,98,510 equity shares of Rs. 10/- each. The newly allotted shares rank pari-passu with the company's existing equity shares.
Key details regarding the allotment and participation of the allottees are provided below:
| Name of Allotee | No. of Warrants Applied for Conversion | No. of Equity Shares Allotted | Amount Received (75% of Issue Price) |
|---|---|---|---|
| Jai Mittal | 4,00,000 | 4,00,000 | 2,40,00,000 |
| Nishita Mittal | 4,50,000 | 4,50,000 | 2,70,00,000 |
| Piyush Gupta | 2,08,500 | 2,08,500 | 1,25,10,000 |
| Sandeep Jain | 83,000 | 83,000 | 49,80,000 |
| Harshit Jain | 25,000 | 25,000 | 15,00,000 |
| Shreyansh Jain | 25,000 | 25,000 | 15,00,000 |
| Siddharth Jain | 25,000 | 25,000 | 15,00,000 |
| Vishesh Kapoor | 25,000 | 25,000 | 15,00,000 |
| Kanishka Gupta | 90,000 | 90,000 | 54,00,000 |
In case of the warrants held by Kanishka Gupta and Piyush Gupta, a portion was already converted prior to this allotment.
The company confirmed that all outstanding Warrants have been fully utilized and converted into Equity Shares as of the date of the meeting.
TRANSTEEL Stock Price Movement
Shares of Transteel Seating Technologies Limited today slipped by 1.77% to settle at ₹111.10. The stock’s decline saw it fall close to its yearly lows, trading 39,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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