BLS E-Services Limited has announced a one-month extension for the completion of its proposed acquisition of Atyati Technologies Private Limited, pushing the expected completion date from March 31, 2026, to April 30, 2026. The company informed stock exchanges about this development through a regulatory filing under SEBI Regulation 30.

Acquisition Timeline Extension

The extension follows the company's original announcement made on February 16, 2026, where BLS E-Services disclosed its binding offer to acquire 100% equity shares of Atyati Technologies Private Limited. The acquisition was initially scheduled for completion by March 31, 2026, but has now been extended due to ongoing procedural requirements.

Pending Requirements

The company cited several ongoing processes that necessitated the timeline extension. BLS E-Services is currently working on completing necessary documentation and obtaining required approvals for the transaction.

Key pending requirements include:

• Execution of Share Purchase Agreements
• Completion of Framework Agreement documentation
• Obtaining approvals from lenders and banks
• Securing confirmations from regulatory and statutory authorities
• Fulfillment of other conditions precedent

Transaction Structure

The proposed acquisition involves BLS E-Services acquiring 100% equity shares of Atyati Technologies Private Limited from existing shareholders. The transaction remains subject to various approvals and the completion of conditions precedent as outlined in the binding offer agreement.

Regulatory Compliance

The update was communicated to both the National Stock Exchange of India Limited and BSE Limited as part of the company's disclosure obligations. The filing was signed by Neha Baid, Company Secretary & Compliance Officer, and submitted on March 31, 2026.

The company has amended its binding offer to extend the validity period, allowing additional time to complete the necessary procedural steps for the acquisition. BLS E-Services expects the proposed acquisition to be completed on or before the new deadline of April 30, 2026, subject to receiving all required approvals and meeting the specified conditions.

BLS E-Services Limited successfully concluded its Extra-Ordinary General Meeting on March 16, 2026, with shareholders overwhelmingly approving the special resolution for IPO proceeds reallocation. The resolution received 99.99% votes in favor, demonstrating strong shareholder confidence in the company's strategic direction.

Meeting Details and Leadership

The EGM commenced at 3:00 P.M. IST and concluded at 3:36 P.M. IST, conducted through video conferencing in compliance with regulatory guidelines. Due to Chairman Shikhar Aggarwal's absence, Executive Director and Chief Financial Officer Rahul Sharma chaired the meeting with consent from other directors present.

Voting Results and Shareholder Participation

The voting results, released on March 17, 2026, revealed exceptional shareholder support for the proposed changes. Out of 90,856,485 total shares, 67,849,260 shares participated in the voting process, representing 74.68% of outstanding shares.

Resolution Details and Regulatory Compliance

The special business resolution focused on fundamental changes to the company's IPO proceeds utilization framework, including variation in objects of utilization and extension of time limits. The meeting was conducted pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

E-Voting Process and Scrutinizer Report

The comprehensive e-voting mechanism was facilitated through National Securities Depository Limited (NSDL), with remote e-voting conducted from March 12-15, 2026. Scrutinizer Vijay Yadav from M/s AVS & Associates submitted the consolidated report on March 17, 2026, confirming the voting process was conducted in a fair and transparent manner.

The meeting concluded successfully with Company Secretary Neha Baid facilitating the proceedings and ensuring proper regulatory compliance throughout the process.