Bartronics India Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of M/s. SVRL & Co., Chartered Accountants as the company's new statutory auditor. The resolution was passed with an impressive 99.98% majority on December 17, 2025.

Postal Ballot Results

The scrutinizer's report, submitted on December 18, 2025, revealed strong shareholder support for the proposed appointment:

Key Details of the Appointment

The appointment addresses the casual vacancy created by the resignation of the previous auditor, M/s. Brahmayya & Co., Chartered Accountants:

E-Voting Process Details

The postal ballot was conducted entirely through electronic mode in compliance with MCA regulations:

Shaik Ibraheem of SI and Associates, Company Secretaries, served as the scrutinizer for the postal ballot process. The voting results have been displayed on the company's website and NSDL's e-voting portal as per regulatory requirements.

Recent Financial Performance

Alongside this corporate governance milestone, Bartronics India has demonstrated strong financial performance in Q2 FY26:

The company attributes this improved performance to enhanced field execution, better productivity, and improved conversion rates across key financial inclusion schemes. This strong financial showing, combined with the successful completion of the auditor appointment process, reflects the company's commitment to corporate governance and operational excellence.

Bartronics India Limited , a key player in the financial inclusion space, has reported robust financial results for the second quarter, marking significant progress in its turnaround journey. The company's performance showcases substantial growth in both revenue and profitability, driven by improved operational efficiency and expanded market reach.

Financial Highlights

Note: All figures in lakhs

Key Performance Drivers

The company's impressive Q2 performance can be attributed to several factors:

1. Stronger Field Execution: Bartronics India has significantly improved its on-ground operations, leading to better productivity and efficiency.

2. Enhanced Operational Leverage: The company's efforts in cost management and operational streamlining have resulted in improved profitability.

3. Financial Inclusion Schemes: Bartronics has seen improved productivity and conversion rates across key financial inclusion schemes, contributing to revenue growth.

Half-Year Performance

For the first half of the fiscal year, Bartronics India reported:

• Revenue: ₹2,122.98 lakh (stable year-on-year)
• Profit After Tax: ₹145.14 lakh (up 27% year-on-year)

This half-yearly performance indicates a more resilient and structurally stronger profitability profile for the company.

Operational Initiatives

Bartronics India's turnaround strategy includes several key initiatives:

• Expanded outreach for Pradhan Mantri Jan Dhan Yojana (PMJDY)
• Increased sourcing of Atal Pension Yojana (APY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) accounts
• Significant uptick in Re-KYC completions
• Strengthened monitoring processes
• Deeper collaboration with Gram Panchayats
• Enhanced coordination with partner banks

Management Commentary

Mr. N. Vidhya Sagar Reddy, Managing Director of Bartronics India, commented on the results: "This quarter's results reflect the focused and consistent execution by our teams at the grassroots level. The steady rise in both revenue and profitability underscores the effectiveness of our strengthened operating model. We remain committed to further consolidating this momentum in the coming quarters."

Outlook

Bartronics India appears optimistic about sustaining its growth trajectory through continued operational discipline and expansion of its rural financial inclusion network. The Q2 results mark a significant step in the company's turnaround journey, demonstrating clear progress toward operational stability and profitable growth.

As Bartronics India continues to strengthen its position in the financial inclusion sector, investors and market watchers will likely keep a close eye on the company's performance in the coming quarters to assess the sustainability of its turnaround efforts.