BLS International Services Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for the company's proposed resolutions. The voting results, announced on March 21, 2026, show overwhelming approval for both special resolutions that were put to vote through the remote e-voting process.

Postal Ballot Overview

The postal ballot process was initiated with a notice dated February 06, 2026, seeking shareholder approval on two critical resolutions. The remote e-voting period commenced on February 19, 2026, and concluded on March 20, 2026, with the resolutions deemed approved on the last date of voting.

Resolution 1: Commission Payment Approval

The first special resolution sought approval for payment of commission to Non-Executive Independent Directors of the company. This resolution received exceptional support across all shareholder categories.

Resolution 2: Register Placement Authorization

The second special resolution concerned the placement of registers and returns at locations other than the registered office of the company. This resolution also received substantial shareholder approval.

Voting Process and Compliance

The postal ballot was conducted in full compliance with the Companies Act, 2013, and SEBI regulations under Regulation 44. Central Depository Services (India) Limited provided the e-voting platform, ensuring a transparent and secure voting process. The company filed the outcome with both NSE and BSE on March 21, 2026.

Mr. Vijay Yadav (Membership No: F11990) from AVS & Associates, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that the voting was conducted in a fair and transparent manner, with proper verification of votes cast in favor and against the resolutions.

Corporate Governance Significance

The successful completion of the postal ballot demonstrates strong shareholder confidence in the company's governance initiatives. The approval for commission payment to independent directors reflects shareholders' recognition of the value these directors bring to the board. Similarly, the authorization for flexible register placement provides the company with operational flexibility while maintaining regulatory compliance.

Company Secretary and Compliance Officer Dharak A. Mehta (ICSI Membership No. FCS12878) signed off on the official documentation. The voting results and scrutinizer's report are available on the company's website at www.blsinternational.com , ensuring transparency and accessibility for all stakeholders.

BLS International Services Limited has announced the acquisition of 100% share capital of BLSEC S.A.S, an Ecuador-based company, through its wholly owned subsidiary BLS International FZE. The acquisition, completed for USD 1000 in cash consideration, makes BLSEC S.A.S a wholly owned step-down subsidiary of the company.

Acquisition Details

The transaction was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. BLS International FZE acquired the complete shareholding in a single tranche, gaining 100% control of the Ecuador-based entity.

Target Company Profile

BLSEC S.A.S operates in the visa management and government services sector, providing services that align with BLS International's core business operations. The company was incorporated on 22nd May 2023 and has established its presence in Ecuador.

Financial Performance

BLSEC S.A.S has demonstrated growth in its financial performance since incorporation. The company's turnover increased significantly between December 2024 and December 2025.

Business Operations

The acquired company operates across multiple service verticals within the government and visa services sector:

• Visa Management services
• Passport processing
• Consular services
• E-Government solutions
• Certification services
• Biometric services
• Electronic Visa processing
• Retail Sales operations

Strategic Impact

The acquisition strengthens BLS International's presence in the Latin American market, specifically in Ecuador. BLSEC S.A.S will continue to operate within the existing range of business activities that complement the parent company's service portfolio. The transaction does not require additional governmental or regulatory approvals and has been completed as announced.

The company secretary Dharak A. Mehta signed the regulatory filing on 11th March, 2026, confirming the completion of all acquisition formalities and compliance requirements under the listing regulations.