Board of Maestros Electronics & Telecommunications Systems approves private placement of equity shares

At meeting held on 31 January 2015

Maestros Electronics & Telecommunications Systems announced that the Board of Directors of the Company at its meeting held on 31 January 2015 has approved the Private Placement Issue / Offer of 4,00,000 (Four lacs only) Equity shares of Rs. 10/- each at a price of Rs. 15.13 per share to Identified Persons from the Promoter Group and Others on preferential basis, in accordance with the 'in principal approval' received from stock exchange in this regard.

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