Avio Smart Market Stack Limited has scheduled its 34th Annual General Meeting (AGM) for September 30, 2026, at 12:00 noon to seek shareholder approval for a ₹150 crore Qualified Institutions Placement (QIP) and the acquisition of a 43.44% stake in Ampivo Smart Technologies Private Limited.

The meeting will be conducted via Video Conference or Other Audio-Visual Means, in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive). The cut-off date for e-voting eligibility is September 23, 2026.

Capital Raising and Strategic Acquisitions

The primary agenda includes a QIP of up to ₹150 crore. Proceeds are earmarked for business expansion, working capital, strategic investments in agri-technology, and general corporate purposes. This requires a special resolution.

Simultaneously, shareholders will vote on acquiring an additional 43.44% stake in Ampivo Smart Technologies Private Limited through a non-cash share-swap arrangement. Avio currently holds 4.67% in Ampivo; this transaction would raise its aggregate holding to approximately 48.11%.

Ampivo Acquisition Details

The preferential issue involves allotting up to 11,02,42,980 equity shares at an issue price of ₹7.80 per share, aggregating to ₹85.99 crore in consideration other than cash. The share-swap ratio is fixed at 1,665 equity shares of Avio for every one equity share of Ampivo.

Ampivo focuses on technology-driven solutions for healthcare, rural commerce, and AI. Its turnover grew from ₹0.26 crore in FY23-24 to ₹33.19 crore in FY24-25 and ₹34.23 crore in FY25-26.

Governance and Director Re-appointments

The AGM will also see the re-appointment of Mr. N. Vidhya Sagar Reddy as Managing Director for three years, commencing August 12, 2026. His annual cost to company is set at ₹58.88 lakh. Additionally, Ms. Vilasitha Dandamudi retires by rotation and offers herself for re-appointment.

Auditor Appointment

Based on the Audit Committee's recommendation, the board proposed appointing M/s SVRL & Co. as statutory auditors for five years, from the conclusion of the 34th AGM until the 39th AGM. This follows the resignation of the erstwhile auditor, M/s Brahmayya & Co., effective November 14, 2025.

Financial Performance Context

FY26 marked a significant improvement in financial performance. Consolidated revenue increased approximately 160% year-on-year to ₹103.96 crore from ₹40.04 crore in FY25. Profit After Tax rose approximately 240% to ₹5.94 crore from ₹1.75 crore. This growth was driven principally by the ramp-up of the newly established Agri Supply Chain & Technologies segment.

What the Numbers Show

The Agri Supply Chain & Technologies segment emerged as the largest contributor, accounting for ₹60.69 crore in revenue (58% of total) and ₹4.71 crore in profit before interest and tax. In contrast, the foundational Financial Inclusion & Digital Services segment contributed ₹40.72 crore in revenue but only ₹0.86 crore in profit before interest and tax. This shift highlights the company's successful pivot towards agri-tech, although it also introduces concentration risk given the new segment's dominance in its first year of operation.

Avio Smart Market Stack Limited has entered into a strategic memorandum of understanding with ProClima Services Private Limited to jointly develop and commercialise biochar-based soil enhancement solutions. Announced on July 29, 2026, the partnership aims to advance regenerative farming and explore carbon removal opportunities across India by combining ASMS's extensive rural network with ProClima's specialisation in biochar production. This collaboration marks a significant diversification into climate-focused agricultural technology, potentially creating new revenue streams through verified carbon credits.

The collaboration focuses on developing scientifically validated biochar-integrated fertiliser formulations designed to enhance soil fertility, improve water retention, and increase crop productivity while enabling long-term carbon sequestration. The companies will undertake research, laboratory analysis proposed at IIT Roorkee, field trials, and agronomic validation across multiple crop varieties, soil types, and agro-climatic conditions. This initiative seeks to create pathways for generating verified carbon credits through biochar application, allowing farmers to benefit from emerging carbon markets.

Strategic Collaboration Details

The partnership integrates distinct capabilities from both organisations to drive commercial deployment of sustainable agricultural technologies.

Dr. Raja Krishna Murthy Morla, Head – Agri Tech Business at Avio Smart Market Stack, stated that agriculture requires solutions improving farm productivity while addressing long-term environmental challenges. He noted the aim to develop innovative biochar-based products supporting healthier soils and measurable climate impact by combining scientific research with their rural ecosystem.

Vijaykumar Rangaraju, Chief Mission Officer at ProClima Services, described biochar as a promising technology for regenerative agriculture and durable carbon removal. He emphasised that partnering with ASMS enables combining advanced climate solutions with deep agricultural reach to accelerate biochar adoption across India's farming ecosystem.

Feedstock and Research Scope

The initiative will evaluate biochar produced from sustainable feedstocks including bamboo, lantana, senna, pine needles, and agricultural residues to determine optimal formulations for commercial deployment. Both companies will work towards developing commercially viable products that support regenerative agriculture, strengthen soil ecosystems, and contribute to India's net-zero ambitions.

What This Means for Stakeholders

The partnership represents a significant diversification move for Avio Smart Market Stack into climate-focused agricultural technology. By leveraging its existing presence in more than 5,000 villages, ASMS positions itself to distribute scientifically validated soil enhancement solutions directly to end-users. For investors, the collaboration signals a strategic pivot towards sustainable agriculture and carbon markets, sectors gaining traction amid global focus on net-zero goals. The potential for verified carbon credit generation introduces a new revenue stream linked to environmental outcomes, aligning agricultural productivity with climate action objectives.