Bartronics India Limited , a company specializing in digital banking, financial inclusion, and identity management technologies, has announced the appointment of Mr. Panidapu Lakshmi Naga Srinivasa Rao as a Non-Executive Independent Director. The appointment, effective from June 19, 2025, is for a five-year term, signaling the company's commitment to strengthening its board with global expertise.

Strategic Appointment for Future Growth

Mr. Rao brings a wealth of global leadership experience to Bartronics India, having held key roles in prestigious organizations such as McKinsey & Company and Kusto Capital. His appointment is expected to play a crucial role in shaping the company's strategic direction, particularly as it expands into the emerging agritech sector.

N Vidhya sagar Reddy, Managing Director of Bartronics India, emphasized the significance of this appointment, stating, "Mr. Rao's global experience and strategic foresight are crucial as Bartronics accelerates its innovation roadmap and expands its international footprint."

Expertise in High-Growth Sectors

Mr. Rao is known for working closely with founders of fast-growing companies across various sectors, including:

• Fintech
• Infrastructure
• Semiconductor
• Climate technologies

His expertise lies in advising these companies on growth strategies, fundraising, and mergers and acquisitions (M&A).

Educational Background

Mr. Rao's educational qualifications include degrees from:

• HHL Leipzig Graduate School of Management, Germany
• Andhra University, India

This diverse educational background complements his global business acumen, which is expected to bring a fresh perspective to Bartronics India's board.

Bartronics India's Market Position

Bartronics India Limited currently serves over 1 million customers with its digital banking, financial inclusion, and identity management technologies. The company's move into the agritech sector is particularly noteworthy, given the projected growth of India's agritech market.

Impact on Future Outlook

The appointment of Mr. Rao is seen as a strategic move to leverage his expertise in scaling global ventures. His experience is expected to be invaluable in areas such as:

• Supply chain transparency
• Precision farming
• Rural fintech

This could significantly bolster Bartronics India's efforts to lead in the rapidly evolving agritech space.

Strengthening Governance and Global Perspective

As Bartronics India continues to evolve and expand its footprint in high-impact, emerging industries, Mr. Rao's appointment aims to:

1. Strengthen the company's governance structure
2. Bring a fresh global perspective to its operations

With Mr. Rao on board, Bartronics India Limited appears poised to enhance its position in the digital technology landscape while exploring new frontiers in agritech and other emerging sectors.

Bartronics India Limited, a company known for its technological solutions, has announced the appointment of Mr. Panidapu Lakshmi Naga Srinivasa Rao as a Non-Executive Independent Director. The appointment, effective from June 19, 2025, is for a term of five years and has been approved by the company's shareholders.

Experienced Professional Joins the Board

Mr. Rao brings over two decades of diverse experience to Bartronics India. His expertise spans across engineering, management consulting, private equity, and cross-border mergers and acquisitions. As the Founder and Director of TOP2 PTE. LTD., a Singapore-based strategic advisory firm, Mr. Rao has been instrumental in guiding high-growth startups, institutional investors, and enterprises on fundraising and strategic transactions across Southeast Asia.

Professional Background

Prior to his current role, Mr. Rao held positions at Kusto Capital and McKinsey & Company, further enhancing his credentials in business strategy and financial planning. His educational background includes an MBA from HHL Leipzig Graduate School of Management, Germany, and a Bachelor's degree in Engineering from Andhra University, India.

Compliance and Independence

In compliance with regulatory requirements, Bartronics India has confirmed that Mr. Rao is not related to any directors, key managerial personnel, or promoters of the company. Additionally, the company has verified that Mr. Rao has not been debarred from holding a directorship by any regulatory authority.

Shareholder Approval and Other Corporate Updates

The appointment of Mr. Rao was approved by the shareholders through a postal ballot, as per the scrutinizer's report dated July 22, 2025. Alongside this appointment, shareholders also approved two other significant resolutions:

1. Amendment to the Main Object Clause and Other Object Clause of the Memorandum of Association
2. Shifting of the company's registered office from one district to another within the state of Telangana

Voting Results

The voting results for Mr. Rao's appointment were overwhelmingly positive:

This strong shareholder support underscores the confidence in Mr. Rao's potential contributions to Bartronics India Limited's board.

The appointment of Mr. Panidapu Lakshmi Naga Srinivasa Rao as an Independent Director marks a significant addition to Bartronics India's leadership team. His extensive experience and diverse skill set are expected to bring valuable insights to the company's strategic direction and governance.