The Avio Smart Market Stack QIP proposal to raise up to Rs 150 crore received shareholder approval at the company's 34th annual general meeting on September 30, 2026, according to a BSE filing published on October 5, 2026. Members passed all six resolutions, including a preferential equity issue for consideration other than cash.

Avio Smart Market Stack Ltd, formerly known as Bartronics India Limited, submitted its combined voting results and scrutinizer's report through a covering letter dated October 4. The AGM took place through video conferencing and other audio-visual means, beginning at noon and concluding at 12:39 pm, including the time allowed for voting.

The special resolution authorises capital raising through the issuance of equity shares via a Qualified Institutions Placement. The report recorded 99.99% support for the QIP resolution, with 200,950,684 votes in favour and 12,278 against. The filing reports shareholder approval for the proposal; it does not report a completed fundraise.

Preferential issue and leadership resolutions passed

Shareholders also approved a preferential issue of equity shares to shareholders of Ampivo Smart Technologies Private Limited for consideration other than cash. That special resolution received 200,945,681 votes in favour and 17,281 against, with support reported at 99.99%.

The other resolutions passed at the meeting covered:

  • Adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026, together with the accompanying reports.
  • Reappointment of Vilasitha Dandamudi as a director retiring by rotation.
  • Appointment of SVRL AND Co., Chartered Accountants, as statutory auditor.
  • Reappointment of N. Vidhya Sagar Reddy as managing director through a special resolution.

Voting process and scrutiny

NSDL provided the electronic voting facility. Remote voting ran from September 27 to September 29, 2026, and shareholders holding shares on the September 23 cut-off date were eligible to vote. Five members voted electronically during the AGM.

Scrutinizer Shaik Ibraheem of SI and Associates confirmed that all resolutions in the September 3 notice, read with the September 25 corrigendum, passed with the requisite majority. No invalid votes were reported across the six resolutions. The company is identified by BSE scrip code 532694 and NSE symbol ASMS.