Maestros Electronics & Telecommunications Systems informs about outcome of board meeting

Maestros Electronics & Telecommunications Systems has informed that the Company at the Annual general meeting held on September 29, 2015 and In Principal approval received from Stock Exchange on October 26, 2015 and pursuant to receipt of share application money from the proposed allottee, the board of directors has at the board meeting held on November 03, 2015, approved the allotment of 2,90,000 Equity shares of Rs 10 each at a price of Rs 27 per share on preferential basis to B.K.Tendulkar (Promoter).

The above information is a part of company’s filings submitted to BSE.