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.

BLS International Services Limited has issued a clarification to BSE regarding the recent increase in trading volume of its securities, responding to an inquiry from the exchange's surveillance department.

Company's Response to BSE Inquiry

In a formal communication dated February 24, 2026, the company addressed BSE's email seeking clarification on the volume surge. The response was signed by Dharak Mehta, Company Secretary and Compliance Officer, who holds ICSI Membership No. FCS12878.

Regulatory Compliance Assurance

The company emphasized its adherence to strong corporate governance principles through accurate and transparent disclosures. BLS International Services stated that it determines materiality of information through its authorized Key Managerial Personnel (KMPs) under Regulation 30 of the SEBI LODR Regulations.

Corporate Governance Commitment

BLS International Services reiterated its commitment to:

• Full compliance with SEBI Listing Obligations and Disclosure Requirements Regulations
• Prompt disclosure of any material events affecting the company
• Transparent communication with investors and shareholders
• Timely reporting to stock exchanges as required

The company assured BSE that any future events or information having material bearing on the company, its investors, or shareholders will be promptly disclosed to the stock exchanges in accordance with regulatory requirements.