Date, Location, and Type of Meeting

The 34th AGM was held on Wednesday, September 30, 2026, at 12:00 noon IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue was the Registered Office of the Company.

Summary of Proposed Resolutions and Implications

The AGM addressed the following resolutions from the Notice dated September 3, 2026, and Corrigendum Notice dated September 25, 2026:

  • Ordinary Business:
  • Resolution 1: To receive, consider, approve, and adopt the Audited Balance Sheet as at March 31, 2026, the Statement of Profit and Loss, Cash Flow Statement, Notes, and Reports of Auditors and Directors.
  • Resolution 2: To re-appoint Ms. Vilasitha Dandamudi (DIN: 08272465) as Director, who retires by rotation.
  • Special Business:
  • Resolution 3: To appoint M/s. SVRL & Co., Chartered Accountants, as Statutory Auditors for a term of five years from FY 2026-27 to FY 2030-31.
  • Resolution 4: To approve raising capital up to Rs. 150,00,00,000 (₹150 crore) through Qualified Institutions Placement (QIP) to Qualified Institutional Buyers.
  • Resolution 5: To appoint Mr. N. Vidhya Sagar Reddy (DIN: 09474749) as Managing Director for three years from August 12, 2026, to August 11, 2029.
  • Resolution 6: To approve a preferential issue of 11,13,02,372 equity shares for consideration other than cash by way of share swap with Ampivo Smart Technologies Private Limited.

The implications include formal approval of financials, continuity in leadership, auditor stability, capital infusion for growth, and strategic expansion through the share swap.

Voting Process and Methods

  • Remote e-voting was provided through NSDL from 9:00 a.m. on September 27, 2026, to 5:00 p.m. on September 29, 2026, in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI LODR.
  • The cut-off date for determining Members entitled to vote was September 23, 2026.
  • Members who had not voted remotely could vote via e-voting facility during the AGM for fifteen minutes after the conclusion of the meeting.
  • Mr. Shaik Ibraheem, Practising Company Secretary, was appointed as the Scrutinizer to scrutinize the voting process in a fair and transparent manner.

Scrutinizer's Role

Mr. Shaik Ibraheem was authorized to compile the votes cast through remote e-voting and e-voting at the AGM and submit a consolidated report. The results, along with the Scrutinizer's Report, were to be declared within two working days of the meeting conclusion, hosted on the company's website and NSDL, and submitted to BSE Limited and National Stock Exchange of India Limited.

Compliance Confirmation

The AGM was conducted in compliance with the Companies Act, 2013, Rules thereunder, circulars from the Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI), and SEBI LODR Regulations, 2015. The Register of Directors and Key Managerial Personnel, shareholding, and contracts were available for electronic inspection by Members until the meeting conclusion.

Names and Roles of Signatories

The document was signed by Ms. Diksha Omer, Company Secretary & Compliance Officer, on behalf of Avio Smart Market Stack Limited.

Other Relevant Information

  • Directors present included Mr. N. Vidhya Sagar Reddy (Chairman and Managing Director), Mr. Krishna Kishore Madicharla (Independent Director), Mr. P.L.N. Srinivasa Rao (Independent Director), Mr. Iswar Chandra Mishra (Independent Director), Ms. Gaddam Naveena (Non-Executive Director), Ms. Vilasitha Dandamudi (Non-Executive Director), and Ms. Diksha Omer (Company Secretary).
  • Other attendees included Statutory Auditors (M/s. SVRL & Co.), Secretarial Auditor (Mr. Shaik Ibraheem), Internal Auditor (Mr. Satya Kommula), and business head Mr. Raja Krishna Murthy.
  • The meeting commenced with a welcome address, confirmation of quorum (59 Members present via VC), and a chairman's address on company performance and outlook.
  • A question and answer session was held where Members raised queries, clarified by the Chairman.
  • The meeting concluded at 12:39 p.m. IST on September 30, 2026.