Maestros Electronics & Telecommunications Systems MD, chairman, board of directors and AGM
BSE: 538401Industrial ManufacturingSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹76.45.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹86 Cr3,127th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 11.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 2.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 19.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 16.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.04
- Volume, BSEVolume. Shares traded on the last trading day.
- 21,976
Maestros Electronics & Telecommunications Systems board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorBALKRISHNA KAMALAKAR TENDULKAR
- Company Secretary and Compliance OfficerHARSHAD NARSINHBHAI PATEL
6 directors3 independent1 executive2 non-executive
- BALKRISHNA KAMALAKAR TENDULKAR · Chairperson and managing directorExecutive · joined Feb 2010 · 1 listed board · 1 committee seat
- SUJAY MANOHAR KULKARNINon-executive · joined Aug 2019 · 1 listed board · 2 committee seats, 1 as chair
- NARENDRA PRABHAKAR MAHAJANINon-executive · joined Dec 2021 · 1 listed board
- PRAKASH VITHAL PAGEIndependent · joined Feb 2022 · reappointed Feb 2022 · 52 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SWATI MANIS THANAWALAIndependent · joined Mar 2024 · reappointed Mar 2024 · 27 months as independent · 1 listed board · 1 as independent · 1 committee seat
- SUDHIR MADHUKAR BAPATIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20266 of 6 present3 independent · 104 days in between
- 13 Feb 20266 of 6 present3 independent
Audit Committee
Chair PRAKASH VITHAL PAGE
SWATI MANIS THANAWALA, SUJAY MANOHAR KULKARNI
- 29 May 20263 of 3 present2 independent · 104 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair PRAKASH VITHAL PAGE
SWATI MANIS THANAWALA, SUJAY MANOHAR KULKARNI
- 29 May 20263 of 3 present2 independent · 104 days in between
Stakeholders Relationship Committee
Chair SUJAY MANOHAR KULKARNI
BALKRISHNA KAMALAKAR TENDULKAR, PRAKASH VITHAL PAGE
- 13 Feb 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Motilal & Associates LLPPeer-review certificate valid to Aug 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Maestros Electronics & Telecommunications Systems AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Maestros Electronics & Telecommunications Systems dividend history
Annual general meeting, 23 Sep 2026
4,244 shareholders on the register on 16 Sep 2026; present: 2 promoters and 21 others; votes counted by Vaibhav Dandawate / Makarand M. Joshi & Co..The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ending March 31, 2026, together with the Report of the Board of Directors and the Auditors thereonMoreLess
Ordinary99.97% for0.03% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 68.20% · promoters 99.85% · institutions 0.00% · other public 12.27%
- To appoint Mr. Narendra Prabhakar Mahajani (DIN: 01048676), who retires by rotation as Non-Executive - Non-Independent Director and being eligible offers himself for re-appointmentOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 68.20% · promoters 99.85% · institutions 0.00% · other public 12.27%
- To consider and approve increase in Authorized Share Capital of the company and consequent alteration of the Memorandum of Association of the companyOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 68.20% · promoters 99.85% · institutions 0.00% · other public 12.27%
- To consider and approve the issue of Bonus SharesOrdinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 68.20% · promoters 99.85% · institutions 0.00% · other public 12.27%
- To approve the remuneration of Mr. Balkrishna Kamalakar Tendulkar for period of two years.SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 68.20% · promoters 99.85% · institutions 0.00% · other public 12.27%
To re-appoint Mr. Prakash Vithal Page (DIN: 00096443) as an Independent Director for second term of five consecutive years and to approve continuation of his directorship upon attaining the age of seventy-five years.MoreLess
Special99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.71%
Turnout: all 68.20% · promoters 99.85% · institutions 0.00% · other public 12.27%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LimitedSince 22 Jun 2026
Fines as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non-Compliance)
Regulation 24A(2) Non-compliance with submission of secretarial compliance report
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.