BLS International Services Limited , a prominent player in the visa, passport, consular, and citizen services sector, has announced a significant change in its senior management. Prashant Khullar, the company's Chief Human Resource Officer and a designated Senior Management Personnel, has tendered his resignation.

Key Details of the Resignation

Transition and Company Response

Mr. Khullar, in his resignation letter dated July 21, 2025, expressed gratitude for the opportunity to work with BLS International. He has committed to ensuring a smooth transition, including assisting with the hiring process and handover to his successor.

The company has acknowledged Khullar's contributions, stating in their official communication:

"The Company places on record its sincere appreciation for Mr. Khullar's valuable contribution and dedicated service during his tenure and wishes him success in his future endeavours."

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, BLS International has made the necessary disclosures to the National Stock Exchange of India Ltd. and BSE Ltd. The company has also made this information available on its website, ensuring transparency for all stakeholders.

Impact on Company Structure

Following Khullar's departure, he will cease to be a Senior Management Personnel of BLS International. The company has not yet announced a successor for the position of Chief Human Resource Officer.

This change in the senior management team comes at a time when companies are increasingly focusing on their human resource strategies to navigate the evolving workplace landscape. BLS International, known for its global presence in government and diplomatic mission outsourcing, will likely be looking to ensure continuity in its HR leadership to maintain its competitive edge in the market.

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.