Maestros Electronics & Telecommunication System Limited (''the Company'') wish to inform you that the 17th AGM of the Company will be held on Wednesday, September 23, 2026, at 03:30 P.M. ....

CIN: L74900MH2010PLC200254 Date: August 31, 2026 Bombay Stock Exchange Limited, Address: Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. Scrip Code: 538401 Subject: Notice of 17th Annual General Meeting (“AGM”) and Annual Report of the Company for the Financial year 2025-2026 as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, We wish to inform you that the 17th AGM of Maestros Electronics & Telecommunication System Limited ('the Company') will be held on Wednesday, September 23, 2026, at 03:30 P.M. at Majestic Court, Sarovar Portico, X-5/2, TTC Industrial Area, Mahape, Navi Mumbai-400710. In terms of the provisions of Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Annual Report of Maestros Electronics & Telecommunication System Limited ("Company") for the Financial Year 2025-2026 ("Annual Report") along with the Notice of the 17th Annual General Meeting ("AGM") is enclosed herewith. The said Annual Report is being sent through electronic mode to the shareholders of the Company and is also available on the website of the Company at the following link: https://maestroselectronics.com/. The agenda items proposed to be taken up at the AGM as recommended by the Board of Directors are as mentioned below: Sr. Item(s) proposed to be transacted Resolution(s) Manner of approval No. Manner of approval to be passed 1. To receive, consider and adopt the Audited Ordinary Voting through electronic Standalone and Consolidated Financial Resolution means and/or at the time of Statements for the financial year ending AGM March 31, 2026, together with the Report of the Board of Directors and the Auditors thereon. 2. To appoint Mr. Narendra Prabhakar Mahajani Ordinary Voting through electronic (DIN: 01048676), who retires by rotation as Resolution means and/or at the time of Non-Executive - Non-Independent Director AGM and being eligible offers himself for re- appointment. 3 To consider and approve increase in Ordinary Voting through electronic Authorized Share Capital of the company and Resolution means and/or at the time of consequent alteration of the Memorandum AGM of Association of the company. Maestros Electronics & Telecommunications Systems Limited EL-66, TTC Industrial Area, Electronic Zone, Mahape, Navi Mumbai – 400 710 Maharashtra, India Tel: +91-22-2761 11 93 | Website: www.maestroselectronics.com |Email ID: cs@metsl.in CIN: L74900MH2010PLC200254 4 To consider and approve the issue of Bonus Ordinary Voting through electronic Shares. Resolution means and/or at the time of 5. To approve the remuneration of Mr. Special Voting through electronic Balkrishna Kamalakar Tendulkar for period of Resolution means and/or at the time of two years. AGM 6. To re-appoint Mr. Prakash Vithal Page (DIN: Special Voting through electronic 00096443) as an Independent Director for a Resolution means and/or at the time of second term of five consecutive years and to AGM approve continuation of his directorship upon attaining the age of seventy-five years. You are requested to kindly take the same on record. For Maestros Electronics & Telecommunication System Limited Balkrishna Kamalakar Tendulkar Managing Director DIN: 02448116 Address: Plot No. EL/66, TTC Industrial Area, Electronic Zone, Mahape Navi Mumbai Thane- 400710 Maharashtra, India. Place: Navi Mumbai Maestros Electronics & Telecommunications Systems Limited EL-66, TTC Industrial Area, Electronic Zone, Mahape, Navi Mumbai – 400 710 Maharashtra, India Tel: +91-22-2761 11 93 | Website: www.maestroselectronics.com |Email ID: cs@metsl.in MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED 11661tt7hh tAAh NNANNNUUNAAULLA RRL EERPPEOOPRROTTRT 2025-2026 22002244--22002255 MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED CONTENTS SR. PARTICULARS PAGE NO NO 1 Notice of Annual General Meeting 4 2 Board Report for the Financial Year 2025-2026 31 3 Annexures to the Board Report: • Annexure I: Statement containing salient features of the Financial Statement of Subsidiaries 45 • Annexure II: Information on Conservation of Energy, Technology Absorption and Foreign 46 Exchange Earnings and Outgo. • Annexure III: Annual Report on Corporate Social Responsibility (CSR) Activities. 48 • Annexure IV: Salient Features of Nomination and Remuneration Policy of the Company. 51 • Annexure V: Secretarial Audit Report of the Company (MR-3) 53 • Annexure VI: Particulars of remuneration of employees and KMPs 56 • Annexure VII: Management Discussion and Analysis Report 59 • Annexure VIII: Corporate Governance Report 63 4 Standalone Financial Statements 87 5 Consolidated Financial Statements 134 Annual Report 2025-26 1 MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED 2 Annual Report 2025-26 MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED CORPORATE INFORMATION BOARD OF DIRECTORS AND STATUTORY AUDITORS: KEY MANAGERIAL PERSONNEL M/s. Motilal & Associates LLP: Mr. Balkrishna Kamalakar Tendulkar (DIN: 02448116) Address: 2nd Floor, Senior Estate, 7/C, Parsi Panchayat Chairman & Managing Director Rd, Amba Wadi, Natwar Nagar, Andheri East, Mumbai, Maharashtra 400069. Mr. Sujay Manohar Kulkarni (DIN:00227027) Non-Executive - Non-Independent Director INTERNAL AUDITORS: Mr. Narendra Prabhakar Mahajani (DIN: 01048676) M/s. ABHL & Associates: Non-Executive - Non-Independent Director Address: C 465, C Wing, Vashi Plaza, Sector 17, Vashi, Navi Mumbai, Maharashtra 400703. Mr. Prakash Vithal Page (DIN: 00096443) Non-Executive Independent Director SECRETARIAL AUDITORS: Mrs. Swati Manis Thanawala (DIN: 10538734) M/s. D Maurya & Associates: Non-Executive Independent Director Address: Shop No. 4, Laxmi Bhawan, Ramchandra & Laxmi CHS, Next to Saibaba Temple, Saibaba Nagar, Mr. Sudhir Madhukar Bapat (DIN: 10724146) Navghar Road, Bhayander (East), Thane - 401105, Non-Executive Independent Director Maharashtra, India. Mr. Sanjeev Vijayan BANKERS Chief Finanical Officer HDFC BANK Mr. Harshad Patel (Membership No: A44439) Ground Floor, Company Secretary and Compliance Officer Vikas Palazzo, Mulund West Mumbai - 400080 COMMITTEES OF BOARD: BANK OF BARODA AUDIT COMMITTEE: Turbhe Branch Mr. Prakash Vithal Page (DIN: 00096443) Sector 19, Vashi Mrs. Swati Manis Thanawala (DIN: 10538734) Navi Mumbai - 400 703 Mr. Sujay Manohar Kulkarni (DIN: 00227027) REGISTRAR & SHARE TRANSFER AGENT NOMINATION AND REMUNERATION COMMITTEE: MUFG Intime India Private Limited Mr. Prakash Vithal Page (DIN: 00096443) C-101, 1st Floor, 247 Park, Mrs. Swati Manis Thanawala (DIN: 10538734) Lal Bahadur Shastri Marg, Vikhroli (West) Mr. Sujay Manohar Kulkarni (DIN: 00227027) Mumbai - 400083 STAKEHOLDER RELATIONSHIP COMMITTEE: REGISTERED OFFICE AND PLANT LOCATIONS Mr. Sujay Manohar Kulkarni (DIN: 00227027) Plot No. EL/66, TTC Industrial Area, Mr. Balkrishna Kamalakar Tendulkar (DIN: 02448116) Electronic Zone, Mahape, Mr. Prakash Vithal Page (DIN: 00096443) Navi Mumbai - 400 710. Annual Report 2025-26 3 MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED NOTICE OF 17TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 17TH ANNUAL GENERAL MEETING OF MAESTROS ELECTRONICS & TELECOMMUNICATIONS SYSTEMS LIMITED WILL BE HELD ON WEDNESDAY, SEPTEMBER 23, 2026, AT 03:30 P.M. AT MAJESTIC COURT, SAROVAR PORTICO, X-5/2, TTC INDUSTRIAL AREA, MAHAPE, NAVI MUMBAI-400710, TO TRANSACT THE FOLLOWING BUSINESS: ORDINARY BUSINESS: 1. 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 thereon. 2. 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-appointment. SPECIAL BUSINESS: 3. TO CONSIDER AND APPROVE INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY AND CONSE [Showing first 8,000 characters — download PDF for full document]