TRANSTEEL has successfully converted 13,31,500 outstanding warrants into an equal number of equity shares.

These shares, with a face value of Rs. 10 each and an issue price of Rs. 80, were allotted to non-promoter public investors.

The company received the final balance of Rs. 7.99 Cr from this conversion, boosting its funds.

With this action, all previously allotted warrants have now been fully converted, increasing the company's issued and paid-up capital to Rs. 25.00 Cr.

This strengthens the equity base and finalizes a past fundraising initiative.