Maestros Electronics & Telecommunications Systems has informed that the Board of Directors of the Company at its meeting held on November 25, 2014, inter alia, has decided to seek approval of shareholders at the Annual General Meeting for making private placement of 4,00,000 equity shares of the Company by way of preferential allotment to persons belonging to Promoter Group and well as Others.
The above information is a part of company’s filings submitted to BSE.