BLS International Services , a leading tech-enabled services provider, has announced a significant expansion of its international portfolio by securing a five-year global contract with the Slovak Republic. This strategic move is set to strengthen the company's position in the government services sector.

Contract Details

The newly secured contract with the Slovak Republic spans a five-year period, highlighting the long-term nature of this partnership. While specific financial details of the deal have not been disclosed, this agreement is expected to contribute positively to BLS International's global service offerings.

Implications for BLS International

This contract marks an important milestone for BLS International Services, as it:

1. Expands the company's international service portfolio
2. Reinforces its position in the government services sector
3. Demonstrates the company's capability to secure long-term contracts with sovereign nations

Company Background

BLS International Services specializes in providing tech-enabled services, particularly in the realm of government and diplomatic missions. This new contract aligns with the company's core competencies and its strategy for global expansion.

Investor Relations Update

In related news, BLS International has also announced an upcoming investor/analyst meet:

The company has emphasized that no unpublished price-sensitive information will be shared during this meeting. Discussions will focus on the company's published financial and operational performance.

Outlook

While it's too early to quantify the exact impact of this new contract on BLS International's financial performance, the five-year duration suggests a stable revenue stream for the foreseeable future. The agreement with the Slovak Republic not only expands BLS International's geographical reach but also potentially opens doors for similar contracts with other European nations.

As BLS International continues to strengthen its global presence, investors and industry observers will be keenly watching how this new contract influences the company's growth trajectory and market position in the government services sector.

BLS International Services Limited , a global tech-enabled services partner for governments and citizens, has announced significant developments in its recent Board meeting held on November 11, 2025. The company reported robust financial results for Q2 and H1 FY26, made a key leadership appointment, approved an employee stock option grant, and decided to close a non-performing subsidiary.

Financial Highlights

BLS International delivered strong financial performance for Q2 FY26:

The company's performance was driven by steady growth across its Visa & Consular and Digital Services businesses. The consolidation of recently acquired entities, Citizenship Invest and Aadifidelis Solutions, also contributed to the revenue growth.

For H1 FY26, BLS International reported:

• Revenue from Operations: Rs. 1,447.20 Crores (46.5% YoY growth)
• EBITDA: Rs. 417.00 Crores (40.3% YoY growth)
• PAT: Rs. 366.70 Crores (37.6% YoY growth)

The company's balance sheet strengthened with a net cash balance of Rs. 1,306.00 Crores as of September 30, 2025, compared to Rs. 928.00 Crores as of March 31, 2025.

Segment Performance

Visa & Consular Business

• Revenue grew by 9.8% YoY to Rs. 458.60 Crores in Q2 FY26
• EBITDA increased by 26.4% YoY to Rs. 192.20 Crores
• EBITDA margin improved to 41.9% from 36.4% in Q2 FY25
• Visa applications increased by 11.7% to 11.30 lakh

Digital Business

• Revenue surged by 259.3% YoY to Rs. 278.00 Crores in Q2 FY26
• EBITDA grew by 72.4% YoY
• Business Correspondent segment witnessed Gross Transaction Value of over Rs. 27,300.00 Crores
• Facilitated loan distribution worth Rs. 8,600.00 Crores for financial institutions

Key Appointment

The Board approved the appointment of Mr. Ajit Hugh Dias as Chief Human Resource Officer (CHRO) under the category of Senior Management Personnel, effective November 11, 2025. Mr. Dias brings extensive experience from his 22-year tenure with the Taj Group of hotels (IHCL), where he was instrumental in developing and executing various HR, L&D, and culture-building initiatives.

Employee Stock Option Grant

BLS International's Nomination and Remuneration Committee approved the grant of 78,000 employee stock options to eligible employees under the BLS International Employees Stock Option Scheme-2023. The key details of the grant include:

• Options are convertible into an equal number of equity shares with a face value of Re. 1 each
• Priced at Rs. 315.45 per stock option based on the closing price on NSE
• Options will vest equally over a 3-year period subject to eligibility criteria
• Vested options can be exercised within one year from the date of last vesting
• If all options are exercised, 78,000 equity shares will be issued

Subsidiary Strike-off

The Board has approved the closure and strike-off of Reired BLS International Services Private Limited, a wholly-owned subsidiary. This decision comes as the subsidiary, originally incorporated for a specific project that did not materialize, contributed minimal value to the company's operations:

• Turnover for FY 2024-25: Rs. 2.00 lakhs (0.0009% of total turnover)
• Net Worth for FY 2024-25: Rs. 30,467 (0.0002% of total net worth)

The dissolution and strike-off process is expected to be completed within 6 months, by March 31, 2026, subject to regulatory approvals.

These developments underscore BLS International's focus on operational efficiency, strategic growth, and organizational strengthening as it continues to expand its global footprint in tech-enabled government and citizen services.