NSEAmalgamation/Merger1d ago · 18 Aug 2026, 06:47 pm

Amalgamation/Merger

BLS International Services Limited · BLS

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BLS International Services Limited has informed the Exchange about the merger of its step-down subsidiary, BLS International Vize Hizmetleri Limited Sirketi, with another step-down subsidiary, iDATA Danismanlik Ve Hizmet Dis Tic AS, with effect from August 17, 2026.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

BLS International Services Limited has informed the Exchange about Merger of Step down Subsidiary of the Company

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BLS_18082026184734_Intimation_of_merger.pdf

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August 18, 2026 National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Complex Bandra [E], Mumbai – 400051 Mumbai - 400 001 NSE Scrip Symbol: BLS BSE Scrip Code: 540073 Dear Sir/Madam, Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to the compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force), we would like to inform you that the BLS International Vize Hizmetleri Limited Sirketi, Step down subsidiary of the Company [hereinafter referred to as “Transferor”] merged into iDATA DANISMANLIK VE HIZMET DIS TIC AS, Step down subsidiary of the Company [hereinafter referred to as “Transferee”] with effect from August 17, 2026. Consequent to said merger BLS International Vize Hizmetleri Limited Sirketi ceased to be exist and step down subsidiary of the Company. The details with respect to the said merger as required under Regulation 30(6) read with Schedule III Part A Para A (1) of the Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are attached as Annexure -A. Kindly take the same on your record and bring notice to all the concerned. For BLS International Services Limited Dharak A. Mehta Company Secretary & Compliance Officer ICSI Membership No.: FCS12878 Encl: as above Annexure A The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are given below: SI. Details to be provided Information 1 Name of the entity(ies) forming part Name of Transferor: BLS International Vize of the amalgamation/merger, details Hizmetleri Limited Sirketi in brief such as, size, turnover etc Turnover: As at 31 Mar 26 –Standalone revenue of INR 167858678 Name of Transferee: iDATA Danismanlik Ve Hizmet Dis Tic As Turnover: As at 31 Mar 26 –Standalone revenue of INR 1877772130 2 Whether the transaction would fall within Yes. The said merger was on arm length basis related party transactions? If yes, whether the same is done at “arm’s length”; 3 area of business of the entity(ies); Transferor: Providing services related to visa processing. Transferee: Providing services related to visa processing. 4 rationale for amalgamation/ merger; To align the business synergies of step down subsidiaries. 5 in case of cash consideration – amount or Not Applicable otherwise share exchange ratio; The said merger was between step down subsidiaries of the Company, hence there will be no cash consideration or issuance of new shares involved in the merger. The entire share capital of BLS International Vize Hizmetleri Limited Sirketi shall stand cancelled on the merger. 6 brief details of change in shareholding Not Applicable pattern (if any) of listed entity Shareholding of our Company shall remain unchanged since merger is between two foreign step down subsidiaries of the Company.