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Board of Maestros Electronics & Telecommunications Systems allots warrants

Maestros Electronics & Telecommunications Systems announced that pursuant to approval given by shareholders of the company at the Annual general meeting held on 29 September 2015 and pursuant to receipt of share application money from the proposed allottee, the board of directors has at the board meeting held on 07 November 2015 approved the allotment of 7,40,000 (Seven Lacs Forty Thousand only) Convertible Equity warrants at a price of Rs. 27/- per warrant / share on preferential basis to B. K. Tendulkar (Promoter).

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