BLS International FZE, a wholly owned subsidiary of BLS International Services Ltd , has subscribed to 100% of the share capital of BLS International Services Japan Co. Ltd. The subscription was completed for a cash consideration of JYP 100,000, consolidating the Japan-based entity entirely within the group's corporate structure. This strategic move strengthens the company's presence in the visa outsourcing industry in Japan.

Transaction Details

The newly incorporated entity, BLS International Services Japan Co. Ltd., was established on July 8, 2026. BLS International FZE acts as the holding company, maintaining a wholly owned subsidiary relationship with the listed entity. The transaction details are summarized below:

Business Operations

BLS International Services Japan Co. Ltd. operates within the visa outsourcing industry. its business scope encompasses visa application processing services, provision of citizen and front-end services, and consular-related services. The entity will also manage biometric authentication, identity verification, and support services for the issuance of electronic visas (e-Visas). Additionally, it will provide various certification, authentication, and verification services alongside other value-added services incidental to its core operations.

BLS E-Services Limited, a subsidiary of BLS International Services , acquired 100% of the equity share capital of Atyati Technologies Private Limited for ₹156.82 crore on July 02, 2026. This strategic acquisition transforms Atyati Technologies into a step-down subsidiary and is designed to expand and consolidate BLS's Business Correspondent (BC) business across the country. By leveraging micro-lending and technology solutions, the company aims to broaden its reach in the financial inclusion sector.

Atyati Technologies is an AI-powered banking technology service provider catering to banks and financial institutions. Incorporated on March 29, 2006, and headquartered in Bangalore, the entity provides digital solutions and BC services for last-mile connectivity across India. The target entity reported a revenue from operations of ₹375.8 Crores for FY 2025-26, with a paid-up share capital of ₹11,42,35,070.

The acquisition was conducted through a cash consideration of ₹156.82 crores, subject to certain conditions. The transaction does not fall within related party transactions, and no specific governmental or regulatory approvals were required for its completion. The deal aligns with BLS's objective to integrate advanced technology solutions into its service offerings.

The financial performance of Atyati Technologies over the past three years shows a consistent operational scale. The entity recorded a turnover of ₹389.9 Crores in FY 2023-24, which increased to ₹395.6 Crores in FY 2024-25 before settling at ₹375.8 Crores in FY 2025-26.

Financial Performance of Atyati Technologies

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dharak A. Mehta, Company Secretary & Compliance Officer of BLS International Services Limited, confirmed the transaction details in the filing submitted to the exchanges.