Bartronics India Shareholders Approve New Statutory Auditor with 99.98% Majority
Bartronics India Limited successfully concluded its postal ballot process with shareholders approving the appointment of M/s. SVRL & Co. as statutory auditor with an overwhelming 99.98% majority. The e-voting process conducted from November 18 to December 17, 2025, saw 2.27 crore votes polled with minimal opposition. This appointment fills the casual vacancy created by the previous auditor's resignation and will serve until the next Annual General Meeting.
*this image is generated using AI for illustrative purposes only.
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:
| Parameter: | Details |
|---|---|
| Total Votes Polled: | 2,26,81,260 |
| Votes in Favour: | 2,26,75,571 |
| Percentage Approval: | 99.98% |
| Votes Against: | 5,689 |
| Invalid Votes: | 0 |
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:
| Detail: | Information |
|---|---|
| New Auditor: | M/s. SVRL & Co., Chartered Accountants |
| Firm Registration: | 016182S |
| Tenure: | Until conclusion of next AGM |
| Audit Period: | Ending March 31, 2026 |
E-Voting Process Details
The postal ballot was conducted entirely through electronic mode in compliance with MCA regulations:
| Process Detail: | Information |
|---|---|
| E-voting Period: | November 18 - December 17, 2025 |
| Cut-off Date: | November 14, 2025 |
| Result Declaration: | December 19, 2025 |
| Scrutinizer: | Shaik Ibraheem, Company Secretary |
| E-voting Platform: | NSDL |
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:
| Financial Metric: | Q2 FY26 | Growth |
|---|---|---|
| Revenue: | ₹12.40 crores | 40% YoY and QoQ |
| Q2 Net Profit: | ₹1.00 crore | - |
| H1 Net Profit: | ₹1.45 crores | 27% YoY |
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.
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