Avio Smart Market Stack logo

Avio Smart Market Stack MD, chairman, board of directors and AGM

NSE: ASMSBSE: 532694IT - ServicesSmall Cap

Formerly Bartronics India
Last close ₹5.27down ₹0.27 (4.87%)BSE ₹5.39

Share price at the NSE close on 23 Oct 2026. Previous close ₹5.54.

52-week range of traded prices to 23 Oct 2026
₹5.10Low, 29 Sep 2026₹16.70High, 6 Feb 2026
Market cap
₹161 Cr2,179th largest listed
P/E
22.8
P/B
4.7
Dividend yield
Nonein the last 12 months
ROE
22.6%
ROCE
14.3%
Debt to equity
0.26
Volume, NSE
2,87,74377.8% delivered

Avio Smart Market Stack board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorNANDALURU VIDHYA SAGAR REDDY

7 directors4 independent1 executive2 non-executive

  • NANDALURU VIDHYA SAGAR REDDY · Chairperson and managing directorExecutive · joined Aug 2023 · reappointed Sep 2023 · 33 months as independent · 1 listed board · 1 committee seat
  • VILASITHA DANDAMUDINon-executive · joined Mar 2023 · reappointed Sep 2023 · 33 months as independent · 1 listed board · 1 committee seat
  • KRISHNA KISHORE MADICHARLAIndependent · joined Mar 2023 · reappointed Jun 2026 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • GADDAM NAVEENANon-executive · joined Feb 2024 · reappointed Sep 2025 · 9 months as independent · 1 listed board
  • GANESH BALAJI LAKSHMANAN PILLAIIndependent · joined Jun 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
  • ISWAR CHANDRA MISHRAIndependent · joined Jul 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent
  • PANIDAPU LAKSHMI NAGA SRINIVASA RAOIndependent · joined Jun 2025 · 12 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • SUJATA CYRIL BORDE, left 28 Mar 2026: Tenure Completion
  • Pamarthi Rajesh, left 15 Mar 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20267 of 7 present4 independent · 1 day in between
    • 27 May 20264 of 7 present1 independent · 54 days in between
    • 2 Apr 20264 of 7 present1 independent · 33 days in between
    • 27 Feb 20264 of 8 present1 independent
    2 earlier meetings
    • 2 Feb 20265 of 8 present2 independent
    • 8 Jan 20267 of 8 present4 independent

  • Audit Committee

    Chair KRISHNA KISHORE MADICHARLA

    NANDALURU VIDHYA SAGAR REDDY, PANIDAPU LAKSHMI NAGA SRINIVASA RAO

    • 29 May 20263 of 3 present2 independent · 90 days in between
    • 27 Feb 20262 of 3 present1 independent
    • 2 Feb 20263 of 3 present2 independent
    • 8 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair PANIDAPU LAKSHMI NAGA SRINIVASA RAO

    KRISHNA KISHORE MADICHARLA, VILASITHA DANDAMUDI

    • 2 Apr 20263 of 3 present2 independent · 14 days in between
    • 18 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair KRISHNA KISHORE MADICHARLA

    VILASITHA DANDAMUDI, PANIDAPU LAKSHMI NAGA SRINIVASA RAO

    No meeting listed in the filing.

  • Risk Management Committee

    Chair NANDALURU VIDHYA SAGAR REDDY

    KRISHNA KISHORE MADICHARLA, VILASITHA DANDAMUDI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • SVRL& CO.Peer-review certificate valid to Apr 2027
1 earlier auditor
  • M/s. Brahmayya & Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Avio Smart Market Stack AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Avio Smart Market Stack share news and announcements

Annual general meeting, 30 Sep 2026

71,034 shareholders on the register on 23 Sep 2026; present: 1 promoter and 70 others; votes counted by SHAIK IBRAHEEM / SI AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.32%

    Turnout: all 65.98% · promoters 100.00% · institutions 0.00% · other public 0.47%

  2. To re-appoint Ms. Vilasitha Dandamudi (DIN: 08272465), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.69%

    Turnout: all 65.98% · promoters 100.00% · institutions 0.00% · other public 0.47%

  3. To approve the appointment of M/s. SVRL & Co., Chartered Accountants, as Statutory Auditors of the Company for a term of five years from FY 2026-27 to FY 2030-31
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.29%

    Turnout: all 65.98% · promoters 100.00% · institutions 0.00% · other public 0.47%

  4. To approve the proposal for raising of capital through Qualified Institutions Placement of equity shares for an amount up to Rs. 150,00,00,000 to Qualified Institutional Buyer
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.53%

    Turnout: all 65.98% · promoters 100.00% · institutions 0.00% · other public 0.47%

  5. To approve the re-appointment of Mr. N. Vidhya Sagar Reddy (DIN: 09474749) as Managing Director for three consecutive years from 12th August 2026 to 11th August 2029
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 65.98% · promoters 100.00% · institutions 0.00% · other public 0.47%

  6. To approve the Preferential issue of 11,13,02,372 equity shares for consideration other than cash by way of share swap with Ampivo Smart Technologies Private Limited
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.57%

    Turnout: all 65.98% · promoters 100.00% · institutions 0.00% · other public 0.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Jun 2026, 1 resolution

73,231 shareholders on the register on 22 May 2026; votes counted by SHAIK IBRAHEEM / SI AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Krishna Kishore Madicharla (DIN: 07582428) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.22%

    Turnout: all 66.07% · promoters 100.00% · institutions 0.00% · other public 0.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Feb 2026, 5 resolutions

61,848 shareholders on the register on 2 Jan 2026; votes counted by SHAIK IBRAHEEM / SI AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Approval of change of name of the Company and consequent alteration in the Memorandum of Association and Articles of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 18.29%

  2. Power to borrow funds under section 180(1)(c) of the Companies Act, 2013 upto INR 250/- crores
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 18.29%

  3. To Consider and approve the proposal of creation of mortgage/charge on assets of the Company, under Section 180 (1) (a) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 18.29%

  4. Approve Material Related Party Transaction(s) With Kinex India Private Limited
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 18.29%

  5. Reclassification of Authorised share capital & consequent amendment to the capital clause in the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 74.93% · promoters 100.00% · institutions 0.00% · other public 18.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Dec 2025, 1 resolution

62,232 shareholders on the register on 14 Nov 2025; votes counted by SHAIK IBRAHEEM / SI AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Statutory Auditor to fill casual vacancy
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 74.47% · promoters 100.00% · institutions 0.00% · other public 16.77%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 3 resolutions

62,926 shareholders on the register on 23 Sep 2025; present: 0 promoters and 58 others; votes counted by SHAIK IBRAHEEM / SI AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereonMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 75.26% · promoters 100.00% · institutions 0.00% · other public 20.51%

  2. To re-appoint Ms. Gaddam Naveena (DIN: 10119037), who retires by rotation at this meeting and being eligible, offers herself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 75.26% · promoters 100.00% · institutions 0.00% · other public 20.51%

  3. To approve the appointment of M/s. SI and Associates, Practicing Company Secretaries as Secretarial Auditors of the Company.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 75.26% · promoters 100.00% · institutions 0.00% · other public 20.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Jul 2025, 3 resolutions

61,317 shareholders on the register on 13 Jun 2025; votes counted by SHAIK IBRAHEEM / SI AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To amend the Main Object Clause and Other Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 75.29% · promoters 100.00% · institutions 0.00% · other public 1.18%

  2. To approve the shifting of the registered office of the Company from one district to another district
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.95%

    Turnout: all 75.36% · promoters 100.00% · institutions 0.00% · other public 1.46%

  3. To approve the appointment of Mr. Panidapu Lakshmi Naga Srinivasa Rao (DIN: 11154921) as Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.46%

    Turnout: all 75.29% · promoters 100.00% · institutions 0.00% · other public 1.19%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Jan 2025, 1 resolution

47,412 shareholders on the register on 20 Dec 2024; votes counted by Shaik Ibraheem / Shaik.The company's voting result (opens in a new tab)

  1. To alter the Memorandum of Association of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.45%

    Turnout: all 81.54% · promoters 100.00% · institutions 0.00% · other public 1.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2024, 6 resolutions

Present: 1 promoter and 54 others.The company's voting result (opens in a new tab)

  1. To receive, consider, approve and adopt the Audited Balance Sheet as at 31st March, 2024, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 85.70% · promoters 100.00% · institutions 0.00% · other public 0.95%

  2. To appoint a director in place of Ms. Vilasitha Dandamudi (DIN: 08272465) who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.18%

    Turnout: all 85.70% · promoters 100.00% · institutions 0.00% · other public 0.94%

  3. Appointment of Mr. Ganesh Balaji Lakshmanan (DIN: 10676656) as an Independent Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.07%

    Turnout: all 85.70% · promoters 100.00% · institutions 0.00% · other public 0.94%

  4. Appointment of Mr. Iswar Chandra Mishra (DIN: 10697690) as an Independent Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.19%

    Turnout: all 85.70% · promoters 100.00% · institutions 0.00% · other public 0.94%

  5. Power to give loans or invest funds of the company in excess of the limits specified under section 186 of the Companies Act, 2013.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.18%

    Turnout: all 85.70% · promoters 100.00% · institutions 0.00% · other public 0.94%

  6. Issuance of securities for an amount not exceeding INR 200 Crores.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.65%

    Turnout: all 85.70% · promoters 100.00% · institutions 0.00% · other public 0.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtSHREE NAGANARASIMHA PRIVATE LIMITEDSince 8 Apr 2026

    20.48% bought in the quarter; holding 46.23%, from 25.75%

  • Unlisted stake boughtHuwel Lifesciences Private LimitedSince 29 Apr 2026

    2.06% bought in the quarter; holding 4.17%, from 2.11%

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.