Avio Smart Market Stack re-appoints Independent Director with 100% approval

1 min read     Updated on 30 Jun 2026, 02:51 AM
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Avio Smart Market Stack Limited announced the results of its postal ballot conducted for the re-appointment of Mr. Krishna Kishore Madicharla as an Independent Director. The resolution received 201,216,747 votes in favour, representing 100.00% of the total votes polled, with only 9,136 votes against. The e-voting process, managed by NSDL, was open from May 28, 2026, to June 26, 2026, and the results were declared on June 29, 2026.

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Avio Smart Market Stack Limited has secured shareholder approval to re-appoint Mr. Krishna Kishore Madicharla as an Independent Director. The resolution was passed with an overwhelming majority during a postal ballot process conducted via remote e-voting, which concluded on June 26, 2026. This decision ensures the continuity of leadership within the company's governance structure.

The postal ballot notice was issued on May 27, 2026, under Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period was open from May 28, 2026, to June 26, 2026, allowing shareholders holding shares as of the cut-off date of May 22, 2026, to participate. The Scrutinizer's Report, submitted by Shaik Ibraheem of SI and Associates, confirmed the validity of the process.

Voting Results Summary

The special resolution regarding the re-appointment of Mr. Krishna Kishore Madicharla (DIN: 07582428) received significant support from the shareholders. The total number of votes polled far exceeded the votes cast against the resolution, reflecting strong investor confidence in the director's continued tenure.

Resolution Votes In Favour Votes Against Invalid Votes Total Votes Polled
Re-appointment of Mr. Krishna Kishore Madicharla 201,216,747 (100.00%) 9,136 (0.00%) 0 201,225,883

The Scrutinizer verified the votes cast in favour or against the resolution based on reports generated from the E-Voting System provided by National Securities Depository Limited (NSDL). Following the review, the votes were unblocked on June 27, 2026, and the results were declared on June 29, 2026. The resolution is deemed to have been passed on the last date of remote e-voting, June 26, 2026.

The detailed results and the Scrutinizer's Report have been made available on the company's website and the NSDL e-voting portal for shareholder reference.

What strategic initiatives will Mr. Madicharla prioritize during his new term to drive company growth?

How will the re-appointment influence Avio Smart Market Stack's governance policies and shareholder engagement strategies?

What impact will this leadership continuity have on the company's stock performance and investor sentiment in the near term?

Avio Smart Market Stack discloses yearly shareholding pattern

1 min read     Updated on 18 Jun 2026, 03:15 AM
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Avio Smart Market Stack Limited filed its yearly shareholding pattern for FY26 with exchanges. The promoter, Kinex India Private Limited, confirmed no encumbrance on its holdings.

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Avio Smart Market Stack Limited has disclosed its yearly shareholding pattern for the financial year ended March 31, 2026. The filing was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure provides details regarding the shareholding of the promoter and promoter group during the specified period.

The company, formerly known as Bartronics India Limited, confirmed that the information was received from its promoters for the records of the exchanges. The submission was formally signed by Diksha Omer, Company Secretary, on May 8, 2026.

In a separate communication addressed to the exchanges and the audit committee, Kinex India Private Limited, acting as the promoter, provided a specific declaration regarding its shareholding. The entity confirmed that it has not created any direct or indirect encumbrance on its shares in Avio Smart Market Stack Limited. This disclosure was signed by Oleti Chaitanya SivaPrasad, Director of Kinex India Private Limited.

The regulatory filings ensure transparency regarding the ownership structure and the status of promoter holdings. The company's scrip is listed under the code 532694 on the BSE with the symbol ASMS.

Key Filings Details

Detail Information
Regulation SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Regulation 31(4)
Period Ended 31 March 2026
Filing Date 8 May 2026
Promoter Kinex India Private Limited
Encumbrance Status No encumbrance made

How might the clean encumbrance status influence Kinex India's ability to raise capital or pledge shares in the future?

What strategic shifts can investors expect following the company's rebranding from Bartronics India to Avio Smart Market Stack?

Will the promoter group look to increase its stake or maintain current holding levels in the upcoming fiscal year?

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