BLS International Services Updates Strike Off Process of Wholly Owned Subsidiary

BLS International Services Limited has informed the stock exchanges about the progress in striking off its wholly owned subsidiary, Reired BLS International Services Private Limited. The company filed this update under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

Strike Off Process Update

The subsidiary has successfully submitted e-Form STK-2 along with all relevant documents required for voluntary strike off to the Registrar of Companies, Delhi (RoC) NCT of Delhi. According to the Ministry of Corporate Affairs master data, the current status of Reired BLS International Services Private Limited is "Under process of Striking Off".

Parameter	Details
Subsidiary Name	Reired BLS International Services Private Limited
Form Submitted	e-Form STK-2
Filed With	Registrar of Companies, Delhi NCT
Current Status	Under process of Striking Off
Expected Completion	On or before June 30, 2026

Timeline and Regulatory Approval

The closure and voluntary strike-off process was initially expected to be completed by March 31, 2026, as mentioned in the company's earlier corporate announcement dated November 11, 2025. However, the company now expects the process to be completed within 3 months, specifically on or before June 30, 2026, subject to approval from regulatory authorities.

Corporate Compliance

This update serves as a continuation of BLS International Services' earlier corporate announcement where the company had informed exchanges about the approved closure and strike off of its wholly owned subsidiary. The communication was signed by Dharak A. Mehta, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.09%	+1.53%	-3.70%	-18.95%	-31.60%	+1,007.72%

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.

Parameter:	Details
Total Shareholders on Record:	221,934
Voting Period:	February 19 - March 20, 2026
Resolutions Passed:	Two
Scrutinizer:	AVS & Associates
Cut-off Date:	February 13, 2026

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.

Category:	Shares Held	Votes Polled	% Polled	Votes in Favor	% in Favor
Promoter and Promoter Group:	289,829,928	289,773,981	99.98%	289,773,981	100%
Public Institutions:	36,714,020	13,142,952	35.80%	13,142,952	100%
Public Non-Institutions:	85,196,960	1,490,285	1.75%	1,437,192	96.43%
Grand Total:	411,740,908	304,407,218	73.93%	304,354,125	99.98%

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.

Category:	Shares Held	Votes Polled	% Polled	Votes in Favor	% in Favor
Promoter and Promoter Group:	289,829,928	289,773,981	99.98%	289,773,981	100%
Public Institutions:	36,714,020	13,142,952	35.80%	12,564,609	95.59%
Public Non-Institutions:	85,196,960	1,490,285	1.75%	1,440,114	96.63%
Grand Total:	411,740,908	304,407,218	73.93%	303,778,704	99.79%

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.