Bartronics India Limited, soon to be renamed Avio Smart Market Stack Limited, has received board approval to significantly expand its borrowing capacity. In a meeting held on December 12, 2025, the Board authorised the company to raise up to Rs 250 crore under Section 180 of the Companies Act, 2013, subject to shareholder approval.
Alongside the enhanced borrowing limit, the Board also cleared a proposal for a material related-party transaction involving borrowing Rs 100 crore from Kinex India Private Limited, the company’s related entity. This borrowing will fall within the newly approved overall limit and will also require shareholder approval before execution.
The Audit Committee had recommended both borrowing items, and the Board accepted these recommendations. To facilitate shareholder voting, the directors approved issuance of a postal ballot notice, fixed December 12, 2025 as the cut-off date for voting eligibility, and appointed NSDL to provide remote e-voting services along with appointing Shaik Ibraheem as the scrutinizer.
These borrowing decisions come at a time when the company is undergoing a broader restructuring, including a proposed change of name and a new subsidiary name alignment.
