Avio Smart Market Stack Board Approves QIP, Acquisition
Avio Smart Market Stack Limited (formerly Bartronics India Limited) announced outcomes from its Board Meeting held on September 3, 2026. Key approvals include the Board's Report for FY26, recommendation for the appointment of M/s SVRL & Co. as Statutory Auditors for 5 years, and a proposal to raise funds up to ₹150 crore via Qualified Institutions Placement (QIP). Additionally, the Board approved the further acquisition of 43.44% equity in Ampivo Smart Technologies Private Limited through a share-swap arrangement, involving the preferential issue of up to 11,02,42,980 equity shares at ₹7.80 per share, aggregating up to ₹85.99 crore. The company also fixed September 23, 2026, as the cut-off date for remote e-voting for the 34th AGM, scheduled for September 30, 2026.
Key Highlights
- Board approved FY26 report and recommended new statutory auditors.
- Approved QIP to raise up to ₹150 crore.
- Approved acquisition of 43.44% stake in Ampivo via share-swap.
- Proposed preferential issue of 11.02 crore shares at ₹7.80 each.
- Fixed September 23, 2026, as e-voting cut-off for 34th AGM.
Price Impact
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