Avio Smart Market Stack Limited has scheduled a remote e-voting process from May 28 to June 26, 2026, to seek shareholder approval for the re-appointment of Mr. Krishna Kishore Madicharla as an Independent Director. The resolution, classified as special, proposes a second term of five years from March 28, 2026, to March 27, 2031. The voting facility is provided by NSDL, and the results will be announced on or before June 29, 2026.

The Board of Directors approved the issuance of the postal ballot notice during a meeting held on May 27, 2026. Mr. Shaik Ibraheem, Proprietor of M/s. SI and Associates, has been appointed as the scrutinizer to oversee the conduct of the postal ballot and e-voting process. The notice is being sent electronically to members whose names appear in the Register of Members as on the cut-off date of May 22, 2026.

Key Appointments

Re-appointment Details

Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, has signed a strategic Memorandum of Understanding (MoU) with BITS Pilani, marking a significant convergence of industry innovation and academic excellence. Announced on 15th May 2026, the collaboration carries a shared vision to create scalable, technology-driven solutions addressing some of rural India's most pressing challenges. The partnership targets an impact on more than 40 million farmers and rural residents through advancements in digital innovation, e-governance, applied research, and sustainable rural development.

Key Highlights of the MoU

The collaboration brings together ASMS's grassroots network and implementation capabilities with BITS Pilani's expertise in research, engineering, management, and data science. The following table outlines the core parameters of the partnership:

Technology-Driven Rural Ecosystem

Under the partnership, ASMS and BITS Pilani will co-develop an integrated digital ecosystem powered by emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Blockchain, and advanced data analytics. The collaboration will focus on building evidence-based, scalable solutions that improve governance, operational efficiency, digital inclusion, and rural service delivery.

The initiative aims to tackle some of the most pressing challenges faced by rural communities:

• Inadequate access to formal financial services
• Limited availability of quality agricultural resources
• Lack of reliable market insights
• Gaps in healthcare access
• Increasing demand for sustainable and climate-resilient farming solutions

Research and Innovation Opportunities

The collaboration will also provide valuable real-world research and innovation opportunities for BITS Pilani scholars and students. Early-stage projects under consideration include crop yield prediction pilots, digital financial literacy initiatives, and e-governance research programmes tailored for rural India. By combining the strengths of both institutions, the partnership aims to create impactful and sustainable solutions that can be replicated across India.

Leadership Perspective

Commenting on the collaboration, Dr. Raja Krishna Murthy M, Head-Agri Tech Business, ASMS, said: "Our collaboration with BITS Pilani marks a significant step toward building a technology-driven and inclusive rural ecosystem for India. By combining academic excellence with industry-scale implementation, we aim to deliver innovative solutions in agriculture, digital governance, financial inclusion, and rural livelihoods, ultimately creating sustainable impact for millions of farmers and underserved communities across the country."

A Model for Industry-Academia Collaboration

The partnership is expected to serve as a model for purposeful and outcome-driven industry-academia collaboration in India, demonstrating how innovation, research, and technology can be harnessed to create measurable social and economic impact at scale. Avio Smart Market Stack Limited is focused on building technology-enabled ecosystems that drive rural inclusion, digital transformation, and sustainable development across India, working to improve access to financial services, agriculture solutions, governance systems, and livelihood opportunities for rural communities.