Transteel Seating Technologies Ltd has secured a new order worth ₹87.75 lakhs from Zyeta Private Limited for the supply of chairs. The domestic order, valued at ₹87,75,016.35 excluding taxes, is expected to be completed within 40 days as per the contractual timeline.

The disclosure was made to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract.

Order Details

The order pertains to the supply of chairs and was awarded by a domestic entity. The execution period is fixed at 40 days from the commencement of the contract.

The company confirmed that the transaction does not fall within related party transactions and is conducted at arm's length. The filing was signed by Shiraz Ibrahim, Chairman & Managing Director of Transteel Seating Technologies Ltd.

Transteel Seating has secured new orders worth a combined ₹78.38 Lakhs from Zyeta Private Limited and CBRE South Asia Pvt Ltd for the supply of modular furniture and chairs. The orders were disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These domestic orders are expected to bolster the company's revenue stream in the current fiscal year, with execution timelines varying by client.

The order from CBRE South Asia Pvt Ltd is valued at ₹37.16 Lakhs excluding taxes and involves the supply of modular furniture and chairs. This order is scheduled for completion within 45 days as per the contractual timeline. The company confirmed that neither the promoter group nor group companies hold any interest in CBRE South Asia Pvt Ltd, and the transaction is not a related party transaction.

In a separate development, the company received an order worth ₹41.21 Lakhs from Zyeta Private Limited for the supply, installation, testing, and commissioning (SITC) of modular furniture. This order is expected to be executed by August 2026. Similar to the CBRE order, this transaction is conducted at arm’s length and does not involve any interests from the promoter group or group companies.

Order Details

The key specifics of the orders are outlined below:

The disclosures were made in compliance with the Master circular of SEBI/HO/CFD/PoD2/CIR/P/ 0155 dated November 11, 2024.