The stock of small-cap IT company Bartronics India Ltd. is seeing a rise today, after the company shared an important update. Last Tuesday, the company, in its latest exchange filing, informed that the Ministry of Corporate Affairs has approved the formation of ‘BIL Agritech Private Limited’, a wholly-owned subsidiary of Bartronics India Limited, on December 22, 2025, and the Ministry has also issued the Certificate of Incorporation to the company for this.
BIL Agritech Private Limited has an authorised share capital of ₹10 lakh. Bartronics India Limited holds a 100 per cent stake in this subsidiary.
The company will operate in the field of agri-tech services and related activities, which will also include IT and related services. Bartronics India said that this wholly owned subsidiary has been formed in line with the business diversification and expansion strategy of Bartronics India Limited, so that the company can explore opportunities in new areas along with its existing business.
BIL Agritech Private Limited is registered in Hyderabad, Telangana. The company’s primary objective is to provide agri-tech solutions and smart farming systems to farmers. Services will include cutting-edge technologies such as precision agriculture technology, IoT-based sensors, farm automation equipment, agricultural machinery, hardware, software, and digital tools.
The company’s stock was trading at Rs 12.43, up 2.22% or Rs 0.27 on the BSE, and at Rs 12.42, up 0.65% or Rs 0.08 on the NSE in early trades.
Recently, the company informed that the Board of Directors has approved the proposal to change the name of the company to ‘Avio Smart Market Stack Limited’, which will be implemented after the approval of the Ministry.
Additionally, the company plans to rename its wholly-owned subsidiary, BIL Healthtech Private Limited, in line with the new brand identity. The board meeting also decided that the company will be able to borrow up to ₹250 crore, subject to shareholder approval.