Bartronics India Proposes Name Change to Avio Smart Market Stack Limited
Bartronics India has issued a comprehensive postal ballot notice seeking shareholder approval for major corporate changes including a name change to Avio Smart Market Stack Limited, enhanced borrowing powers up to ₹250 crores, and a material related party transaction worth ₹100 crores with promoter Kinex India Private Limited.
*this image is generated using AI for illustrative purposes only.
Bartronics India Limited has issued a comprehensive postal ballot notice dated January 8, 2026, seeking shareholder approval for five special resolutions including a proposed name change, enhanced borrowing powers, and material related party transactions. The company filed regulatory disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Proposed Corporate Name Change
The board has approved changing the company name from "Bartronics India Limited" to "Avio Smart Market Stack Limited" to align with its business profile and strategic direction. The name change requires shareholder approval through special resolution and regulatory approvals from the Ministry of Corporate Affairs.
| Name Change Details: | Specifications |
|---|---|
| Current Name: | Bartronics India Limited |
| Proposed Name: | Avio Smart Market Stack Limited |
| Resolution Type: | Special Resolution |
| Regulatory Approval: | Required from MCA |
Enhanced Borrowing Powers
Shareholders will vote on increasing the company's borrowing limit to ₹250.00 crores under Section 180(1)(c) of the Companies Act, 2013. The proposal includes powers to create mortgage and charge on company assets to secure borrowings from banks, financial institutions, and other lenders.
| Borrowing Framework: | Amount/Details |
|---|---|
| Maximum Borrowing Limit: | ₹250.00 crores |
| Current Authorization: | Requires shareholder approval |
| Security Creation: | Mortgage/charge on assets |
| Lender Categories: | Banks, FIs, other institutions |
Material Related Party Transaction
The company seeks approval for borrowing up to ₹100.00 crores from Kinex India Private Limited, its promoter holding 69.37% stake. The transaction qualifies as material under SEBI regulations, representing 250% of the company's annual consolidated turnover for FY2024-25.
| Related Party Transaction: | Details |
|---|---|
| Counterparty: | Kinex India Private Limited |
| Relationship: | Promoter (69.37% stake) |
| Transaction Limit: | ₹100.00 crores |
| Purpose: | Working capital requirements |
| Terms: | Arm's length basis |
Share Capital Restructuring
The postal ballot includes reclassification of the existing authorized share capital of ₹110.00 crores without changing the overall limit. The restructuring will divide the capital into ₹100.00 crores equity shares and ₹10.00 crores compulsorily convertible preference shares.
| Capital Reclassification: | Current | Proposed |
|---|---|---|
| Total Authorized Capital: | ₹110.00 crores | ₹110.00 crores |
| Equity Shares: | 110.00 crore shares of ₹1 each | 100.00 crore shares of ₹1 each |
| Preference Shares: | Nil | 1.00 crore CCPS of ₹10 each |
E-Voting Timeline and Process
The company has engaged NSDL for electronic voting services with the cut-off date set as January 2, 2026. Mr. Shaik Ibraheem has been appointed as scrutinizer for the postal ballot process.
| Voting Schedule: | Date/Time |
|---|---|
| Cut-off Date: | January 2, 2026 |
| E-voting Commencement: | January 10, 2026 at 9:00 AM |
| E-voting Conclusion: | February 8, 2026 at 5:00 PM |
| Results Declaration: | On or before February 10, 2026 |
The resolutions will be deemed passed on the last date of e-voting if approved by requisite majority. Results will be displayed on the company website and communicated to stock exchanges simultaneously.
Historical Stock Returns for Bartronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.59% | -1.92% | +5.68% | -10.81% | -51.09% | -11.21% |
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