Bartronics India Limited has informed regarding Disclosure of material issue
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Bartronics India Limited (now renamed Avio Smart Market Stack Limited) has invested Rs. 1 crore to buy a 25.75% stake in Shree Naganarasimha Private Limited (SNN), a Bangalore-based agro and food products company. The company acquired 3,469 equity shares at Rs. 2,882 each, with the first tranche already completed and remaining tranches to follow as per a Shareholders' Agreement. The deal is at arm's length, is not a related party transaction, and promoters have no interest in the target. SNN's turnover has grown sharply from Rs. 1.39 crore in FY23 to Rs. 4.94 crore in FY24 to Rs. 11.48 crore in FY25. The investment is aimed at deriving operational and financial synergies.
This is a relatively small strategic investment (Rs. 1 crore for a minority 25.75% stake) in a fast-growing private food processing company, unlikely to materially move the stock. Shareholders should watch for further updates on the remaining tranches and whether synergies translate into a larger play in the agro-food sector.