Bartronics India Limited has informed the Exchange regarding a press release dated March 02, 2026, titled "Avio Smart Market Stack Limited Signs Shareholders Agreement with Huwel; Targets Large-Scale Public TB Diagnostics Opportunity".
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Avio Smart Market Stack Limited (ASMS, formerly Bartronics India) has signed a Share Subscription cum Shareholders' Agreement with Hyderabad-based Huwel Lifesciences, following an MoU from September 2025. Under the deal, ASMS will acquire a minority stake in Huwel and collaborate on business development and project execution, earning a defined share of net project revenues from orders it helps secure. Huwel's tuberculosis diagnostic platform Quantiplus MTB FAST was recently validated by a Government of India Health Technology Assessment, which found it can test TB samples at about ₹340 per sample versus ₹700-1,000 for current molecular systems. The platform works with existing open RT-PCR machines, avoiding the need for new hardware. India runs close to 1 crore TB tests annually under the National TB Elimination Programme, and the molecular TB diagnostics market is estimated at around ₹1,000 crore per year, positioning Huwel for potential public-sector dominance.
This marks ASMS's entry into the healthcare and diagnostics segment and gives the company a revenue-linked stake in a potentially large public-sector TB diagnostics opportunity, which could be a positive catalyst for the stock. However, the financial impact is currently uncertain since ASMS is only taking a minority stake and revenues will depend on actual government procurement orders.