Please find the enclosed annual secretarial compliance report for the F.Y ended March 31, 2026.
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Avio Smart Market Stack Limited (formerly Bartronics India Ltd) has filed its Annual Secretarial Compliance Report for FY 2025-26. The report confirms broad compliance with SEBI regulations but identifies three deviations: late submission of the prior year's secretarial compliance report (BSE fine Rs 50,000 + GST), late filing of related party transaction disclosure for H1 FY2025-26 (NSE fine Rs 15,000 + GST), and a website content compliance advisory under Regulation 46. Additionally, the company disclosed equity investment of Rs 1 crore in Shree Naganarasimhal Private Limited (acquiring 25.75% stake) and borrowing of Rs 8.75 crore from promoter entity Kinex India Private Limited. Statutory auditors changed during the year with M/s SVRL & Co. appointed after M/s Brahmayya & Co.'s resignation. Two new wholly owned subsidiaries were incorporated but foreign subsidiaries remain non-functional and are being regularised.
The minor regulatory non-compliances and fines indicate governance gaps but do not represent major concerns. The related party transactions and auditor change are routine matters that shareholders should note. The company's ongoing regularisation of foreign subsidiaries is a positive governance step.