Avio Smart Market Stack has revised its investment disclosure in Huwel Lifesciences Private Limited, updating the total transaction value to ₹7,50,00,400. The company acquired a 2.06% stake in the lifescience entity, correcting an earlier intimation dated April 08, 2026, which had reported a lower investment amount of ₹4,00,00,000.

Investment Details

The revised investment parameters are detailed below:

Transaction Background

The acquisition, which has been completed, was conducted at arm’s length and does not constitute a related party transaction. Avio Smart Market Stack acquired 9,665 equity shares at a price of ₹7,760 per share, including a premium of ₹7,750 per share. The consideration was paid in cash. The company stated that the remaining terms and conditions of the investment remain unchanged.

Target Entity Profile

Huwel Lifesciences Private Limited, incorporated on February 10, 2015, operates in the lifescience and health industry. The entity is engaged in the development, manufacturing, and supply of molecular diagnostic kits, medical devices, and in-vitro diagnostic solutions. Its operations are based in Patancheru, Telangana, India. The target entity serves hospitals, laboratories, and research institutions, providing products for disease detection and healthcare testing.

Avio Smart Market Stack Limited has signed a memorandum of understanding (MoU) with the Government of Tripura to establish a state-of-the-art freeze-drying facility for fresh fruits and vegetables. The agreement aims to strengthen agro-processing infrastructure and create sustainable livelihood opportunities in the Northeast. The project, titled "A Freeze-Drying Initiative on Fruits and Vegetables for Tripura," is expected to generate direct employment for approximately 500 people and indirect employment for another 800.

The initiative seeks to address post-harvest losses through advanced freeze-drying technology, enabling farmers to preserve produce for longer periods while unlocking greater value addition. By improving access to premium domestic and international markets, the project is expected to enhance farmer incomes, reduce food waste, and contribute to the long-term growth of Tripura's agricultural economy.

The MoU was signed during the Destination Tripura Business Conclave 2026, an initiative aimed at attracting investments and accelerating industrial development across the state. The Department of Industries & Commerce, Government of Tripura, facilitated a one-to-one interaction between Professor Dr. Manik Saha, Hon'ble Chief Minister of Tripura, and participating investors. During this interaction, Dr. Raja Krishna Murthy M, Head – Agri Tech Business, Avio Smart Market Stack Limited, received appreciation from the Chief Minister for the proposed project.

Dr. Raja Krishna Murthy Morla, Head – Agri Tech Business, ASMS, stated that the project reflects the company's commitment to strengthening India's agri-tech infrastructure at the grassroots level. He highlighted that Tripura's rich agricultural base and the state government's proactive support make it an ideal location for the facility. The company plans to work closely with local farmers and stakeholders to build a sustainable value chain for fruits and vegetables.

Project Overview

Avio Smart Market Stack Limited (formerly known as Bartronics India Limited) is a diversified platform company focused on building scalable businesses across Financial Inclusion & Digital Services, Agri Supply Chain & Technologies, and Diagnostics & Healthcare. Through its Financial Inclusion division, the Company has established a strong presence across rural India, creating a trusted distribution network.