BLS International Services announced that its wholly-owned subsidiary, BLS International FZE, has acquired complete ownership of two entities, strengthening its global presence in the visa and passport processing industry.

Key Acquisitions

BLS International FZE has subscribed to 100% of the share capital of the following entities:

Strategic Expansion

These acquisitions transform both entities into wholly-owned step-down subsidiaries of BLS International Services. This move aligns with the company's strategy to expand its global footprint and strengthen its position in the visa and passport processing sector.

Company Background

BLS International Services (Senegal) SARL

• Incorporated on July 25, 2018
• Based in Senegal
• No reported turnover in the last three years

BLS International Cyprus Ltd

• Incorporated on July 20, 2022
• Based in Cyprus
• No reported turnover since incorporation

Implications

This strategic move by BLS International FZE is expected to enhance the company's operational capabilities in Africa and Europe. By gaining full control over these subsidiaries, BLS International Services aims to streamline its international operations and potentially capture new market opportunities in the visa and passport processing domain.

The company has stated that these newly acquired subsidiaries will engage in the existing range of business activities, suggesting a continuation and possible expansion of current visa and passport processing services in these regions.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquisitions do not fall under related party transactions and did not require any specific governmental or regulatory approvals.

As BLS International Services continues to expand its global presence, investors and stakeholders will be keen to observe how these strategic acquisitions contribute to the company's growth and market position in the coming years.

BLS International Services , a trusted global tech-enabled services partner for governments and citizens, has announced two significant contracts, further expanding its presence in the visa and consular services sector.

Cyprus Embassy Contract in Kazakhstan

BLS International has secured a contract to handle visa processing services for the Cyprus Embassy in Kazakhstan. This agreement will involve managing the entire Cyprus visa application process in the country.

Key Details of the Kazakhstan Agreement

Indian Visa Application Centres in China

In addition to the Kazakhstan contract, BLS International has been awarded a three-year contract by India's Ministry of External Affairs to establish and operate Indian Visa Application Centres in China. This contract is set to take effect on October 14, 2025.

Key Details of the China Agreement

Implications of the Deals

These new agreements underscore BLS International's growing reputation in the global visa outsourcing market. The company is set to streamline visa application processes for both Kazakh citizens traveling to Cyprus and Chinese nationals applying for Indian visas.

Context of India-China Visa Services

It's worth noting that India resumed issuing tourist visas to Chinese nationals in July, following a suspension during the COVID-19 pandemic and border tensions after the Galwan Valley clashes in 2020.

Outlook

While specific financial details of the contracts were not disclosed, these deals are expected to contribute positively to BLS International's revenue stream. They also reinforce the company's position as a key player in the visa and consular services industry, particularly in Central Asia and East Asia.

As global travel continues to recover post-pandemic, such strategic partnerships are likely to play a crucial role in facilitating smoother international movement and boosting tourism between the countries involved.