NSEPress Release (Revised)14 Jul 2026 · 14 Jul 2026, 12:01 pm
Press Release (Revised)
Avio Smart Market Stack Limited · ASMS
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Avio Smart Market Stack Limited has signed a MoU with the Government of Tripura to establish a freeze-drying facility for fruits and vegetables, creating 1,300 jobs and strengthening agri-value chains.
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Avio Smart Market Stack Limited has informed the Exchange regarding a revised press release dated July 14, 2026, titled "Avio Smart Market Stack Signs MoU with Government of Tripura to Set Up Freeze-Drying Facility for Fruits and Vegetables".
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Date: 14.07.2026
To, To,
BSE Limited, National Stock exchange of India Limited,
Listing Department, P.J. Towers, Dalal Exchange Plaza, C-1, Block G,
Street, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E)
Scrip Code: 532694 Mumbai – 400 051
Symbol: ASMS
Dear Sir/Madam,
Sub: Submission of Revised Press Release under Regulation 30 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
This is with reference to our intimation submitted earlier today (i.e 14th July, 2026) under
Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015.
We wish to inform you that, due to an inadvertent error, some content in press release was
not correct with the aforesaid filing.
Accordingly, we are submitting herewith the revised and correct Press Release titled::
“Avio Smart Market Stack Signs MoU with Government of Tripura to Set Up Freeze-Drying
Facility for Fruits and Vegetables”.
A copy of the said Press Release is enclosed herewith as Annexure – I.
You are requested to kindly take the above information on record.
Yours faithfully,
For Avio Smart Market Stack Limited
(Formerly Known as Bartronics India Limited)
Diksha Omer
Company Secretary
ANNEXURE-I
Avio Smart Market Stack Signs MoU with Government of Tripura to
Set Up Freeze-Drying Facility for Fruits and Vegetables
Project expected to create around 1,300 jobs, strengthen agri-value chains and enhance market
access for farmers in the Northeast
National | July 14, 2026: Avio Smart Market Stack Limited has signed a MoU with the Government of
Tripura to establish a state-of-the-art freeze-drying facility for fresh fruits and vegetables, marking a
significant step towards strengthening agro-processing infrastructure and creating sustainable
livelihood opportunities in the Northeast.
As part of the agreement, Avio Smart Market Stack will develop the project titled "A Freeze-Drying
Initiative on Fruits and Vegetables for Tripura." The proposed facility is expected to generate
direct employment for approximately 500 people and indirect employment for another 800, while
creating a robust value chain for the state's horticulture sector by enhancing the shelf life, quality, and
marketability of locally grown produce.
The initiative aims to address post-harvest losses through advanced freeze-drying technology,
enabling farmers to preserve produce for longer periods while unlocking greater value addition. By
improving access to premium domestic and international markets, the project is expected to enhance
farmer incomes, reduce food waste and contribute to the long-term growth of Tripura's agricultural
economy.
The MoU was signed with the Government of Tripura during the Destination Tripura Business
Conclave 2026, an initiative aimed at attracting investments and accelerating industrial
development across the State. As part of the conclave, the Department of Industries &
Commerce, Government of Tripura, organised a one-to-one interaction between Professor Dr.
Manik Saha, Hon'ble Chief Minister of Tripura, and participating investors, entrepreneurs, and
foreign delegates. During the interaction with Dr. Raja Krishna Murthy M, Head – Agri Tech
Business, Avio Smart Market Stack Limited received appreciation from the Hon'ble Chief
Minister for the proposed project in establishing the freeze-drying facility and its commitment
to strengthening Tripura's agri-processing ecosystem.
The project reinforces Avio Smart Market Stack's commitment to leveraging technology-driven
agricultural solutions that improve farmer incomes, strengthen food processing infrastructure, and
promote sustainable economic development through innovation-led value creation.
Commenting on the development, Dr. Raja Krishna Murthy Morla, Head – Agri Tech Business,
ASMS, said: "This project reflects our commitment to strengthening India's agri-tech infrastructure at
the grassroots level. Tripura's rich agricultural base, combined with the state government's proactive
support, makes it an ideal location for our freeze-drying facility. We look forward to working closely
with local farmers and stakeholders to build a sustainable value chain for fruits and vegetables while
bringing advanced food processing technologies closer to the source of production."
About Avio Smart Market Stack Limited
Avio Smart Market Stack Limited is a diversified platform company focused on building scalable businesses
across Financial Inclusion & Digital Services, Agri Supply Chain & Technologies, and Diagnostics & Healthcare.
Through its Financial Inclusion division, the Company has established a strong presence across rural India,
creating a trusted distribution network. Building on this foundation, the Company is developing a technology-
enabled agri ecosystem while leveraging its existing reach. The Company has also entered into a strategic
partnership with a cutting-edge molecular diagnostics company to diversify into the high-growth healthcare and
diagnostics sector.