Maestros Electronics & Telecommunications Systems Limited has scheduled a board meeting to consider the issuance of bonus equity shares. The meeting is set to take place on August 24, 2026, at the company's registered office.

The board will evaluate the proposal in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Any issuance approved by the directors will require subsequent consent from the company's members.

Agenda Details

The primary item on the agenda for the upcoming board meeting includes:

• Proposal for the issuance of bonus equity shares

The company confirmed that the proposal adheres to all applicable legal provisions and rules. The final outcome will depend on the board's decision and subsequent shareholder approval.

Maestros Electronics & Telecommunication Systems Limited reported a standalone net profit of ₹152.61 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to ₹151.75 lakh in the same period of FY26. Consolidated net profit stood at ₹167.38 lakh, up from ₹153.30 lakh year-on-year.

Revenue from operations on a standalone basis fell 7.4% year-on-year to ₹965.94 lakh from ₹1,043.07 lakh. Consolidated revenue also declined, logging ₹1,009.17 lakh against ₹1,043.07 lakh in Q1FY26. The sequential decline in revenue was more pronounced, with standalone topline dropping from ₹1,170.42 lakh in Q4FY26.

Segment Performance

The medical segment remained the primary revenue driver, contributing ₹955.18 lakh (98.9% of total standalone revenue). However, this represented a decline from ₹1,034.90 lakh in Q1FY26 and ₹1,040.22 lakh in the preceding quarter.

The telemedicine segment saw a significant contraction, with revenue falling to ₹2.09 lakh from ₹124.08 lakh in Q4FY26 and nil in Q1FY26. This segment contributed 0.45 lakh to segment results, down sharply from ₹120.84 lakh in the previous quarter. The electronics and instrumentation segment logged revenue of ₹8.68 lakh, up from ₹8.17 lakh year-on-year.

What the Numbers Show

Cost of materials consumed decreased to ₹527.57 lakh (standalone) from ₹614.94 lakh in Q1FY26, aligning with the lower revenue base. Employee benefit expenses rose to ₹141.58 lakh from ₹119.89 lakh year-on-year, indicating fixed cost pressure despite lower volumes. Other income contributed ₹50.66 lakh to standalone total income, constituting approximately 5% of the top line, similar to the 4.9% share in Q1FY26.

Corporate Actions

The Board of Directors, in its meeting held on August 12, 2026, approved:

• An increase in authorized share capital from ₹6 crore (60 lakh equity shares of ₹10 each) to ₹15 crore (1.5 crore equity shares of ₹10 each), subject to shareholder approval.
• Re-appointment of Mr. Prakash Vithal Page as an Independent Director for a term of five years, effective February 5, 2027.

Motilal & Associates LLP served as the independent auditor for both standalone and consolidated financial results.