Avio Smart Market Stack Ltd (ASMS), formerly Bartronics India Ltd, announced on Wednesday a Memorandum of Understanding with Aquasafra Holdings, Inc. and Waterfield Farms, Inc., both US-based entities, to develop technology-driven aquaculture and fisheries ecosystems in India.
The stock touched an intraday high of ₹8.75 before closing at ₹7.64, up 0.79 per cent from the previous close of ₹7.58, on heavy volume with a volume-weighted average price of ₹8.17.
Under the MoU, the three companies will explore building regionally adapted hatcheries for high-performance tilapia seed production, deploying modern aquaculture systems, and integrating aquaponics-based farming models suited for climate-resilient agriculture. The partnership will also evaluate feed optimisation arrangements and lake and reservoir stocking programmes.
Aquasafra brings over three decades of experience in tilapia genetics, hatchery systems, and integrated aquaponics solutions. ASMS contributes its rural distribution network covering more than 5,000 villages and a digitally connected rural participant base.
The initiative falls under ASMS’s Project AVIO Agritech strategy, which targets expansion into fisheries, water resource management, and climate-linked rural enterprises. The companies will also explore joint research on disease resistance and water management efficiency.
Dr. Raja Krishnamurthy M, Head of Agri Tech Business at ASMS, said the collaboration combines on-ground rural access with global aquaculture expertise to create scalable models across regions.
ASMS, headquartered in Hyderabad, is simultaneously building what it describes as a unified rural operating system integrating financial inclusion, agriculture, and rural commerce, alongside a separate push into health-tech diagnostics.
Published on March 25, 2026
