Maestros Electronics & Telecommunications Systems has informed that pursuant to approval given by Board of Director of the Company at the Board Meeting held on June 08, 2016 it has been approved to convert 3,40,000 Equity Warrants and allot 3,40,000 Equity Shares at a price of Rs 27 per share/per warrant to B. K. Tendulkar (Equity Warrant Holder).
The above information is a part of company’s filings submitted to BSE.