Avio Smart Market Stack Limited (formerly known as Bartronics India Limited) announced significant board changes following its meeting held on April 02, 2026. The company addressed key governance matters including director transitions and committee restructuring in compliance with SEBI regulations.

Director Cessation and Appreciation

The Board formally acknowledged the completion of tenure for Mrs. Sujata Cyril Borde (DIN: 09620880), who ceased to be an Independent Director upon completion of her first term of three years with effect from March 28, 2026. The Board and Management placed on record their sincere appreciation for her valuable contributions, guidance, and services rendered during her association with the company.

Re-appointment of Independent Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Krishna Kishore Madicharla (DIN: 07582428) as Independent Director for a second term of five years with effect from March 28, 2026, subject to shareholder approval.

The company confirmed that Mr. Madicharla has not been debarred from holding the office of Director by virtue of any order issued by SEBI or other authorities. His appointment aligns with independence criteria outlined under Section 149(6) of the Companies Act and SEBI regulations. He is not related to any Directors, Key Managerial Personnel, Promoters, or Promoter group of the company.

Committee Reconstitution

In view of the directorship changes, the Board approved reconstitution of key governance committees with effect from April 01, 2026:

• Nomination & Remuneration Committee
• Audit Committee
• Stakeholder Relationship Committee

Meeting Details and Compliance

The Board meeting commenced at 10:30 a.m. and concluded at 11:30 a.m. on April 02, 2026. All decisions were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosures as required under SEBI regulations, including detailed profiles and compliance confirmations for the director changes.

Company Secretary Diksha Omer digitally signed the disclosure documents on April 02, 2026, ensuring proper documentation and regulatory compliance for all announced changes.

Kinex India Private Limited has announced the sale of a significant stake in Bartronics India Limited, disclosing the transaction under SEBI's substantial acquisition regulations. The sale represents a notable reduction in the promoter's shareholding in the technology company.

Transaction Details

The disclosure reveals comprehensive details of the equity stake sale:

Shareholding Changes

The transaction has resulted in a significant change in Kinex India's ownership structure in Bartronics India:

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Oleti Chaitanya Siva Prasad, Director of Kinex India Private Limited with DIN 10910283, signed the regulatory filing submitted to both BSE Limited and National Stock Exchange of India Limited.

Company Structure

Bartronics India Limited's equity structure remains unchanged following the transaction:

The filing confirms that Kinex India Private Limited has no persons acting in concert and maintains its position as a significant shareholder in Bartronics India Limited despite the stake reduction. The company's shares continue to be listed on both major Indian stock exchanges, providing liquidity for such transactions.