Rights Issue

Date: 23rd October 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: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - Outcome of the Board Meeting held on October 23, 2026. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), we wish to inform you that the Board of Directors of Avio Smart Market Stack Limited (formerly known as Bartronics India Limited) (“Company”), at its meeting held on Friday, October 23, 2026, has, inter alia, considered and approved the following matters: 1. Raising of funds through a Rights Issue The Board considered and approved the raising of funds for an amount not exceeding Rs. 49,00,00,000/- (Rupees Forty-Nine Crore only) by way of an offer and issuance of equity shares of face value of Rs. 1/- each (“Equity Shares”) to the eligible equity shareholders of the Company as on the record date to be determined and notified subsequently, in accordance with applicable laws, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”), and subject to receipt of requisite statutory and regulatory approvals, wherever applicable. The Board has delegated authority to Rights issue Committee to consider and approve the Draft Letter of Offer in connection with the proposed for rights issue and undertake such other act, and things as may be necessary in relation thereto. The detailed terms and conditions of the Rights Issue, including the issue price, rights entitlement ratio, record date, issue period, timing, terms of payment and other related matters, shall be determined by the Board or a duly authorised committee thereof, as applicable, in accordance with the applicable laws and regulatory requirements. The requisite disclosures under Regulation 30 of the Listing Regulations, read with Part A of Schedule III thereto and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure I. 2. Formation of a Committee of Directors (“Rights Issue Committee”) The Board considered and approved the constitution of a Committee of Directors designated as the “Rights Issue Committee” to oversee and deal with matters relating to the proposed Rights Issue. The Rights Issue Committee shall be authorised to determine and finalise the terms and conditions, structure and timing of the Rights Issue, determine and/or alter the treatment of fractional entitlements, if any, make applications and submissions to the relevant regulatory authorities and stock exchanges, and undertake such other acts, deeds and things as may be necessary or incidental to the implementation of the Rights Issue, in accordance with applicable laws and regulatory requirements. The composition of the Rights Issue Committee is as follows: S. Name of Director Designation Position in the No. Committee 1 Mr. N. Vidhya Sagar Reddy Managing Director Chairperson 2 Mr. Vilasita Dandamudi Non-Executive Non- Member Independent Director 3 Mr. Krishna Kishore Non-Executive Independent Member Madicharla Director 3. Investment in Ampivo Smart Technologies Private Limited The Board considered and approved the proposal to invest Rs. 1,400.00 lakh (Rupees Fourteen Crore only) out of the Net Proceeds of the proposed Rights Issue in Ampivo Smart Technologies Private Limited (“Ampivo”) by way of subscription to its equity shares, subject to finalisation of the valuation and subscription terms, execution of the relevant definitive agreements and receipt of requisite approvals, wherever applicable. The proposed investment is intended to support the development and expansion of Ampivo’s Agri Kisan Setu platform, a technology-led platform focused on AgriTech and Carbon Credits. The proposed investment is expected to be utilised by Ampivo as follows: Sr. No. Particulars Amount (Rs. in lakh) 1 Customer acquisition and marketing initiatives 1200 2 Technology manpower costs, including salaries 200 Total 1400 The proposed investment is expected to facilitate farmer onboarding, expand the platform’s reach, strengthen digital engagement and develop Ampivo’s in-house technology capabilities, including artificial intelligence, data intelligence and platform engineering. The investment is expected to strengthen the Company’s presence in the AgriTech sector and provide exposure to technology-led business opportunities in AgriTech and Carbon Credits. Pursuant to the Share Purchase and Subscription Agreement, the Company is entitled to receive 70% of the revenues generated from customers onboarded or facilitated by the Company, subject to the terms and conditions of the agreement. 4. Execution of Share Purchase and Subscription Agreement with Ampivo Smart Technologies Private Limited The Board considered and approved the execution of the Share Purchase and Subscription Agreement with Ampivo Smart Technologies Private Limited in connection with the Company’s proposed investment of Rs. 1,400.00 lakh (Rupees Fourteen Crore only) by way of subscription to its equity shares, subject to finalisation of the definitive agreement and compliance with applicable laws and regulatory requirements. The agreement sets out the terms and conditions governing the proposed investment and the respective rights and obligations of the parties. In terms of the agreement, the Company is entitled to receive 70% of the revenues generated from customers onboarded or facilitated by the Company, subject to the terms and conditions specified therein. The disclosures relating to the agreement, as required under Regulation 30 of the Listing Regulations, read with Part A of Schedule III thereto and applicable SEBI circulars, are set out in Annexure II. 5. Withdrawal of Application for In-Principal Approval for Preferential Issue and Adjustment of Processing Fees Against Fresh Application The Board was apprised that the Company had filed an application under Regulation 28(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, seeking in- principal approval for the proposed preferential allotment of 11,13,02,372 equity shares of the Company, bearing Application Reference No. 57363. The Board noted that, in view of non-compliance with Regulation 159(1) of the SEBI ICDR Regulations, 2018, the Company had submitted withdrawal applications to BSE Limited and the National Stock Exchange of India Limited (“NSE”), seeking withdrawal of the aforesaid application and proposing to submit a fresh application after carrying out the necessary rectifications and ensuring compliance with the applicable regulatory requirements. The Board further noted that, in response to the withdrawal application submitted by the Company, NSE had requested the Company to submit a copy of the Board Resolution approving the withdrawal of the aforesaid application. Accordingly, the Board considered and approved the withdrawal of Application Reference No. 57363 and authorised the submission of a certified true copy of the relevant Board Resolution to NSE and BSE Limited, as may be required. The Board noted that, in the withdrawal applications submitted to BSE Limited and NSE, the Company had also requested that the processing fees already paid be carried forward and adjusted against the processing fees payable for the fresh application relating to the same preferential issue, subject to the applicable rules and procedures of the respective Stock Exchanges. The Board authorised the appropriate officials of the Company to submit the certified true copy of the Board Resolution to the respective Stock Exchanges, foll [Showing first 8,000 characters — download PDF for full document]