The meson eigenstates of the light-cone Hamiltonian in a coarse transverse lattice gauge theory are investigated. Building upon previous work in pure gauge theory, the Hamiltonian and its Fock space are expanded in powers of dynamical fields. In the leading approximation, the couplings appearing in the Hamiltonian are renormalised by demanding restoration of space-time symmetries broken by the cut-off. Additional requirements from chiral symmetry are discussed and difficulties in imposing them from first principles in the leading approximation are noted. A phenomenological calculation is then performed, in which chiral symmetry in spontaneously broken form is modelled by imposing the physical π-ρ mass splitting as a constraint. The light-cone wavefunctions of the resulting Hamiltonian are used to compute decay constants, form factors and quark momentum and spin distributions for the pion and rho mesons. Extensions beyond leading order, and the implications for first principles calculations, are briefly discussed.