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Please find the enclosed press release for your information.
Avio Smart Market Stack Ltd · 532694
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Avio Smart Market Stack Ltd has entered into a strategic collaboration with ProClime Services Private Limited to develop and commercialise biochar-based soil enhancement solutions for climate-resilient agriculture.
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Avio Smart Market Stack Ltd - 532694 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 29.07.2026
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: Intimation regarding Press Release under Regulation 30 of SEBI (LODR)
Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed a copy of the Press Release being issued by the
Company today titled:
“Avio Smart Market Stack Limited and ProClime Join Hands to Develop Biochar-Based Soil
Solutions for Climate-Resilient Agriculture”.
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 Limited and ProClime Join Hands to
Develop Biochar-Based Soil Solutions for Climate-Resilient
Agriculture
Strategic collaboration aims to advance regenerative farming, improve soil health, and
explore carbon removal opportunities across India
National | 29th July, 2026: Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics
India Ltd., has entered into a strategic MoU with ProClime Services Private Limited to jointly develop
and commercialise next-generation biochar-based soil enhancement solutions designed to improve
agricultural productivity while contributing to India's climate action goals.
The collaboration brings together ASMS's extensive rural network, agricultural expertise and
formulation capabilities with ProClime's specialisation in biochar production and carbon project
development. Together, the two companies will focus on developing scientifically validated biochar-
integrated fertiliser formulations that enhance soil fertility, improve water retention, increase crop
productivity, and enable long-term carbon sequestration.
As part of the collaboration, both organisations will undertake research, laboratory analysis proposed
to be undertaken at IIT Roorkee, field trials, and agronomic validation across multiple crop varieties,
soil types, and agro-climatic conditions. The initiative will also evaluate biochar produced from
sustainable feedstocks such as bamboo, lantana, senna, pine needles and agricultural residues to
determine optimal formulations for commercial deployment.
The partnership also seeks to create pathways for generating verified carbon credits through biochar
application, enabling farmers and agricultural stakeholders to benefit from emerging carbon markets
while adopting sustainable farming practices.
Commenting on the development, Dr. Raja Krishna Murthy Morla, Head – Agri Tech Business, Avio Smart
Market Stack (ASMS), said: "Agriculture today requires solutions that improve farm productivity while
addressing long-term environmental challenges. Through this collaboration with ProClime, we aim to
develop innovative biochar-based products that support healthier soils, improve crop performance
and create measurable climate impact. By combining scientific research with our rural ecosystem, we
aspire to deliver sustainable solutions that benefit both farmers and the environment."
Mr. Vijaykumar Rangaraju, Chief Mission Officer, ProClime Services Private Limited, said:
"Biochar represents one of the most promising technologies for regenerative agriculture and durable
carbon removal. Partnering with ASMS enables us to combine advanced climate solutions with deep
agricultural reach, accelerating the adoption of biochar across India's farming ecosystem. Together,
we hope to build scalable solutions that generate environmental, agricultural, and economic value."
The collaboration will leverage ASMS's presence across more than 5,000 villages and its extensive
engagement with rural communities, while utilizing ProClime's expertise in sustainable biochar
production and climate project implementation. Both companies will work towards developing
commercially viable products that support regenerative agriculture, strengthen soil ecosystems, and
contribute to India's net-zero ambitions.
By integrating agricultural innovation with climate-focused technologies, the partnership aims to
promote sustainable farming practices that deliver tangible benefits to farmers while supporting global
carbon reduction efforts.
About Avio Smart Market Stack Limited (ASMS)
Avio Smart Market Stack Limited (ASMS) 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, ASMS 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.