Interim report
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November 03, 2026 National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 NSE Scrip Symbol: BLS BSE Scrip Code: 540073 Subject: Outcome of Board of Directors meeting held on Tuesday, November 03, 2026 Dear Sir / Madam, In compliance with Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI (LODR) Regulations, 2015”) (including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force), this is to inform you that the Board of Directors of the Company at their meeting held today i.e. Tuesday, November 03, 2026, has, inter alia, considered and approved the following items of agenda: 1. The Un-audited Standalone and Consolidated Financial Results along with Limited Review Report of the Statutory Auditors thereon for the second quarter and half year ended September 30, 2026, as recommended by the Audit Committee of the Company. A copy of said Un-audited Standalone and Consolidated financial results and Limited Review Report of Statutory Auditors for the second quarter and half year ended September 30, 2026 are enclosed herewith as Annexure- A. 2. Mr. Manoj Joshi, Independent Director, designated as Chairman of the Nomination and Remuneration Committee (“NRC”) and Risk Management Committee (“RMC”) of the Company with effect from November 04, 2026. Mr. Sarthak Behuria, Independent Director, will remain as member of the said NRC and RMC. Post changes composition of committee is enclosed herewith as Annexure- B. The Board meeting commenced at 12:00 Noon and concluded at 02:20 p.m. Kindly take the same on your record. For and on behalf of, BLS International Services Limited ………………………… Dharak A. Mehta Company Secretary and Compliance Officer ICSI Membership No.: FCS12878 Place: Delhi Date: November 03, 2026 Encl: as above
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·aLS INTERNATIONAL SERVICES LIMITED CIN: L51909DL1983PLC016907 Regd. omce: G•4, B-1, Extension, Mohan Co-operative Industrial Estate, Mathura Road, New Delhl-110044. Telephone number: 011-45795002; Fax: 011-23755264; Email: compliance@blslnternatlonal.net; Website: www.blstnternational.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Amount in(~) in loklo SI. No Pnrllculnro nu~rter endod llolrYearEnded Yenr Ended September 30, 2026 June 30, 2026 September 30, September 30, September 30, March 31, 2026 2025 2026 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from operations 97,267.82 89,052.66 73,662.83 1,86,320.48 1,44,719.36 2,99,821.51 II Othermcome 2,291.01, 2,269.45 1,872.54 4,560.46 4,379.95 9.S15.60 Ill Total Income (1+11) 99,558.83 91,322 .11 75,535 .37 1,90,880.94 1,49,099.3 1 3,09,337 .11 IV m.Illim [11) Cost of services 44,765.78 •10.203.99 33,229.22 84,969.77 64.900.86 1,37,377.79 (bJ Purchase of of stock in trade 189.61 276.92 527.47 466.53 668.80 833.30 (c) Changc..s in inventories of stock in trade 84.26 (54.61) (42.3 1) 29.65 (47.80) (38,35 (d) Employ•es benefits ~Xpi:nsos 17,015.53 13,724,86 10,0•13.08 30,740 .39 21,739.37 46,556.27 lfe) Finance costs 770.81 774.92 614.23 1,545.73 1,246.81 2,323.96 (I) Depro<lotlon and amortisation "P""'° 4,045.17 3,169.96 2,251,5•1 7,215.13 4,529.64 9,365.01 (g) Other oxpenses 10,406.34 9,661.87 7,828.86 20.068.21 15,759.20 33,205.17 To tnl e.,p ense s (IV) 77,277 .50 67,757.91 55,252.09 1,45,035.41 1,08, 796.88 2,29,623. 15 V Pron, bofnro OYCOOllonnl Items & tnx 'll'-1"' 22 281.33 2~ 564.20 20283 'ZB •~ '"S.53 4n 3nz.43 79 713 .96 VI Exceptron,,I items . VII Proni before mx (V•\/ll 22 281 .33 23,564 -.20 20,283 .28 •~5,845 .53 40,302 .43 79, 713 .96 VIII True exven te Current tax 2,256.17 3,•141.72 IA82.86 5,697.89 ;l,237 .68 7,J 14.75 Deferred tax (148.96) (39.73) 230.30 (188 .69) 396.91 229.59 Tax for earlier years (0.0\J (0,01) 0.15 (210.'I0) Total tax expenses (,VIII) 2,107.21 3,401 .98 1,713.16 5,509.19 3,634 .74 7,33 3.94 IX '"'•.t Prom ror th o oerlod/venr t Vll-\/1111 20 174.12 20 162 .22 J8 570.12 40 336.34 36667.69 72380.02 X Othcrcomnrohenslve Income !OCll llems that will not be reclassified to profll or loss (I) Re-measurements g,1f11/[ioss) on defined benefit plan• 54.17 54.17 48.77 (II) Tax on (I) above r]J.63) . (13.63) . (12.27) Items that will be reclasslHed to Profit and loss (I) Chnnges in fair value offinancial assets lfde.<lgnatod to OCI (8.49) 10.40 20.85 1.91 33.90 30.63 (11) Foreign mrrcncy translation reserve 2,769.25 J,926.65 5,092.02 4.695,90 8,162.07 17,7 15.3•1 Totn l other eomn rehnnslvc lnroni,,. ne t of bJ( 2 801.30 I Q37.05 s 112.87 4 7•8.35 8 195.97 17 782.•~7 XI ToL'II <Omnrehenslvc Income for lhe nerlod /vc,;,r IJX+YI 22915 .42 22 099 27 23 682,Q9 45074 .69 44863 .1\6 901.62.49 Pron1,1•rlh 111nhla 10 • Bl Own-crs-of1he narcmts )B.629.32 1900&.60 17 522.9.1 37635.92 34622.75 68671.19 bl Nnr,-co .. --•11no 1ntere.s~ I 544.80 , 15!'.67. ,l 0 47,21 2100. •2 ~o•,, q,1 3 708.83 Total Comprehensiv e Income attributable to: •) Owners of the parcn~ 21,407.43 20,943.63 22,635,78 42,351.06 42,818.72 06.153.49 b) Non~controlllng interests 1,567.99 1,155.64 1,047.21 2,723.63 2,044.94 3,709.00 XII Pnld •up equity sha re cnplta l ( Face Value Per Share Re. 1/·) 4,117.41 4,117.41 4,117.41 4,117.41 •1,117.41 4,117.41 XIII Olher Equity 2,42,229.04 XIV Earning Per Share ( of Re. 1/- each) I (rorquart erlv period s are not nnnunllzedl (a) Basic 4.52 4.62 4.26 9.14 8.41 16.GO (h) Diluted 4.51 4.60 4.25 9.12 8.40 16.M l
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Notes to Consolidated financial results : 1 The above consolidated financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on November 03, 2026. These results have been subjected to limited review by the statutory auditors who have expressed an unmodified conclusion . 2 These results have been prepared in accordance with the recognition and measurement principles of the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013, other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 3 The Group has identified the below segments as reportabl e segment in accordance with the Indian Accounting Standard 108 'Operating Segments' : "Visa and Consular Services" (includes visa and allied services) and "Digital Services" (includes E-Governance, Business Correspond ent and allied services) , 4 The Group's subsidiary BLS E-Services Limited (BLSE) got listed on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") on February 06, 2024. The subsidiary has received an amount of Rs 30,929.29 lakhs being gross proceeds from fresh issue of equity shares. Net proceeds after issues expense~ amounting to Rs. 27,776.93 lakhs in relation to fresh issue are propos ed to be utilized and the utilization thereof are summarized as below: Amount in ('fi in lakhs Amount as Alteration in the Amount utilised Total unutilized Object(s) proposed in the objects of the IPO for Revised Cost upto September 30, amount up to which the amount Offer Document was raised* 2026 September 30, 2026 Strengthening our technology infrastructure to 9,758.71 (6,321.70) 3,437.01 1,983.37 1,453.64 develop new capabilities and consolidating our existing platforms Funding initiatives for organic growth by setting 7,478.30 (7.4 78.30) . . . uo of BLS Stores Achieving inorganic growth through acquisitions 2,871.00 . 2,871.00 2,871.00 - General Coroorate Puroose 7,668.92 . 7,668.92 7,668.92 Acquisition of equity shares in Atyati Technologies 13,800.00 13,800.00 13,800.00 - Private LimitedA Total 27,776 .93 . 27,776 .93 26,323 .29 1,453 .64 IPO proceeds which were un-utilized as at September 30,2026 were temporarily invested in term deposit amounting to Rs 1,447.00 lakhs with scheduled bank and the balance amount lying in the bank account (Monitoring account). *Pursuant to the Audit Committee • s recommendation, the Board of Directors in their meeting held on February 16, 2026 approved seeking shareholders approval by way of an Extra-Ordinary General Meeting ("EGM") for change and variation in the objects of utilization of the IPO proceeds. The resolution was approved by the shareholders with the requi site majority at the EGM held on March 16, 2026.ln the quarter ended September 30, 2026 the said amount have been utilized and the Company has completed the said acquisition on July 02, 2026. 5 During the quarter ended September 30,2026, the group has acquired 100% equity share of Atyati Technologies Private Limited (ATPL) for a consideration ol Rs. 14,582.69 lakhs net of conting ent consideration . The fair value of assets and liabilities acquired have been determined provisionally in accordance with IND AS 103 'Business Combination s', The excess of consideration paid over the provisional fair value of net assets acquired has resulted in goodwill. The group believes that the information provides a reasonable basis for estimating the fair values of assets and liabilities acquired, but the potential for measuremenl period adjustment s exists based on a continuing review of matters related to the acquisition . The purchase price allocation is expected to be completed W thin one year. The above consolidat ed financial results for the quarter ended and half year ended September 30, 2026 includes the results of ATPL which was acquired on July 02 ,2026 and hence not comparable with previou s period . 6 During the previous year, the Group has acquired 100% stake in Trefeddian Hotel (Aberdovey) Limited through BLS UK Hotels Limited ("Subsidiary Company") on October 02, 2025. The above consolidated financial results for the quarter ended September 30, 2026 include the results of the above said acquisition and hence the corresponding quarter ended September 30, 2025 is not comparable with the current quarter. 7 The Board of Directors and shareholders of Atyati Technologies Private Limited ("ATPL"), a wholly-owned subsidiary of the group's subsidiary BLS E-Services Limited (BLSE) at their Meeting(s) held on September 28, 2026 have consider ed and approved to enter into a Business Transfer Agreement ("BTA") with TVAM Technologies Privat e Limited ("TVAM"), for the sale and transfer of Joint Liability Group-Financial Lending Business ("JLG Business Undertaking") of ATPL on a going concern basis through a slump sale on such terms and conditions as detailed in the Business Transfer Agreement (including any amendments or modifications thereto) and all other agreements in connection therewith ("Transa ction"), and subject to such othe.L.aoorovals/consents as may be necess al) from the Lenders, regulatory/statutory authorities and other concerned parties. o NAl. " -<._\ \J~ Place: New Delhi Date : November 03, 2026 ~'?" Por nternatlonal Services Limited I~ BLS ~l ':i, , .. TEl\tt "TIOH~L c,, ~ I , / " .\J\iv / oS' --,e * . o'>' Nikhil Gupta Managing Director DIN No. 0019569 4
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BLS INTERNATIONAL SERVICES LIMITED (CIN No.: L51909DL1983PLC016907) STATEMENT OF CONSOLIDATED UNAUDITED ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 Particulars ASSETS Non-Current Asset Property, plant & equipment Capital work-in-progress Right to use Goodwill Intangible assets Intangible asset under development Financial assets: Investments in associates Other financial assets Other non-current assets Deferred tax assets (net) Non current tax assets ( net) Total non- current assets Current Asset Inventories Financial assets: Investments Trade receivables Cash and cash equivalents Bank balances other than cash and cash equivalents Loans Other financial assets Other current assets Total current assets TOTAL ASSETS EQUITY & LIABILITIES Equity Equity share capital Other equity Total equity Non controlling Interest Liabilities Non - Current Liabilities Financial liabilities: Borrowings Lease liabilties Other financial liabilities Provisions Deferred tax liabilities (net) Total non-current liabilities Current liabilities Financial liabilities: Borrowings Lease liabilties Trade payables (a) total outstanding dues to micro enterprises and small enterprises (b) total outstanding dues to creditors other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities TOTAL E UITY AND LIABILITIES Place: New Delhi Date : November 03, 2026 Asat September 30, 2026 (Unaudited) 41,163.77 1,641.57 18,923.94 1,21,137.00 13,060.60 1,832.56 2,084.00 31,344.30 180.26 863.11 3,135.80 2,35,366.91 124.14 48,070.34 23,941.55 65,930.17 42,588.39 87.26 7,994.06 5,841.28 1,94,577.19 4,29,944.10 4,117.41 2, 78,420.85 2,82,538.26 33,403.90 14,392.71 18,620.95 60.60 4,821.53 1,024.13 38,919.92 5,287.12 4,903.76 177.25 15,138.53 28,356.58 19,048.71 413.77 1,756.30 75,082.02 429 944.10 Amount in ('l') in lakhs Asat March 31, 2026 (Audited) 29,024.96 194.54 16,224.90 1,21,283.10 4,071.87 1,457.83 2,084.00 16,943.46 324.86 834.05 1,991.00 1,94,434.57 87.01 33,075.98 17,057.15 49,416.41 68,761.66 8,499.40 5,677.84 1,82,575.45 3,77,010.02 4,117.41 2,42,229.04 2,46,346.45 32,020.00 17,802.69 14,934.21 60.60 1,478.58 1,596.61 35,872.69 5,253.25 5,067.37 312.84 14,958.22 20,702.50 16,287.07 189.63 62,770.88 3 77 010.02 International Servi es Limited NikhilGu~a Managing Director DIN No. 00195694
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BLS INTERNATIONAL SERVICES LIMITED (CIN No.: L51909DL1983PLC016907) STATEMENT OF CONSOLIDATED UNAUDITED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Particulars Cash flow from operating activities Profit before tax Adjustments for: Depreciation & amortization expense Realized gain on sale of investment Finance costs Dividend income Share based payment expenses Interest income Bad debts and balances written off Profit on sale of property, plant and equipm ent (Net) Gain on lease cancellation Unrealized gain on mutual fund Foreign currency tran slation reserve Operating profit before working capital change Adjustments for: Increase in trade receivables Decrease/ (increase) in Inventories (Increase)/ decrease in other financial current assets Decrease/ (increase) in other current assets Decrease/ (increase) in other non-current Financial assets Increase in other financial non- current liability Decrease in other non-current assets Increase in long term provision Increase in short term provision Decrease in trade payable Increase in other financial curr ent liabilities (Decrease)/ increase in other curr ent liabilities Cash from/(used in) operations Direct taxes paid Net cash flow generated from operating activities (A) Cash flow from Investing activities Purchase of property, plant and equipm ent, intangible asse ts and capital work in progress (net of capital advan ce and capital creditor s) Proceeds from maturity /(investments) in term deposits Purchase of current investments Loan given Dividend received Interest income received Payment made towards acquisition of subsidiary(net of cash acquired on account of acquistion) Net cash used In investing activities (B) Cash flow from financing activities Payment for principal portion of lease liabilities Payment for interest portion of lease liabilities Dividend paid (including dividend distribution tax) Proceeds from current borrowing (Net) Inter est paid Purchase of shares in subsidiary Acquistion of treasury shares by trust Net cash used in financing activities ( C) Net Increase In cash and cash equivalent (A+B+C) Cash and cash equivalent at the beginning of the period Cash and cash e911l11alent at the end of the period Components of cash and cash equivalent Cas h on hand With Bank - on current account - term deposits (with original maturity of less than three months) Total cash and cash equivalent at the end of the period Place : New Delhi Date : November 03, 2026 For half year ended September 30, 2026 (Unaudited) 45,845.53 7,215.13 (261.44) 1,545.73 (399.68) 248,68 (3,088.33) (394.57) 2.46 (24.04) (351.65) 5,031.71 55,369.53 (1,505.44) 7.16 (33,93) 315.89 875.89 147.14 30.95 122.64 (1,420.40) 2,663.25 (417.80) 56,154.88 (1,687.39) 54467 .49 (16,844 .95) 11,785.48 (14,381.28) (87.26) 399.68 3,933.16 (10,927.36) (26,122.53) (2,567.42) (1,081.19) (206.09) (3,323.87) (464.53) (4,301.87) 113.77 (11,831.20) 16,513.76 49,416.41 65,930.17 971.12 32,442.29 32,516.76 65,930 .17 Amount in ['l:1 in lakhs For half year ended September 30, 2025 (Unaudited) 40,302.43 4,529.64 1,246 .81 (0.03) 488.40 (2,635.92) 44.13 (354.78) 48.34 (72.36) 8,162.06 51,758.71 (2,978.49) (47,80) 3,040.99 (1,259.73) (115.60) 2,646.45 85.21 48.27 (145 .35) 278,92 1,470.27 54,781.85 (3,287.87) 51493 _98 (3,972.22) (28,561.99] (4,602.24) 0.03 2,004.93 (3,361.86) (38,493.34) (1,829.07) (917.00) (4,562.67) (1,456.09) (329.80) (9,094 .63) 3,906.00 28,286.49 32,192.50 748.24 31,444.26 32,192 .50 "'"'' "~t "'' NlkhilGut,'ta Managing Director DIN No. 00195694
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BLS INTERNATIONAL SERVICES LIMITED CIN: L51909DL1983PLC016907 Regd. Office: G-4, B-1, Extension, Mohan Co-operative Industrial Estate, Mathura Road, New Delhl-110044. Telephone number: 011-45795002; Fax: 011-23755264; Email: compliance@blsintematlonal.net; Website: www.blsinternational.com UNAUDITED CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Amount in(~) in lakh, SJ.No Particulars Quarter ended Hal r year ended Year Ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Segment revenue A) Visa and consular services (includes visa and allied services) 50,984 25 56,008.72 45,860.16 1,06,992.97 91.929 .01 1,84,030 39 B) Digital services 46,283 57 33,043 94 27,802.67 79,327.51 52,790.35 1,15,791.12 C) Unallocated Total 97,267.82 89,052.66 73,662.83 1,86,320.48 1,44,719.36 2,99,821.51 Less: Inter segment revenue Ncl$.lles from or1erallons 97,267.82 89,052.66 73,662.83 1,86,320.4B 1,44,719.36 2,99,B21.51 2 Segment results (Profit before taxes and Interest) A) Visa and consular services (includes visa and allied services) 20,685.76 21.780.B4 18.38121 42,466 59 36,637.78 72,511,92 B) Digital services 2,366.38 2,558.28 2,516 30 4,924.67 4,911.46 9,526.00 CJ Unallocated Total profit before interest and tax 23,052.14 24,339.12 20,897.51 47,391.26 41,549.24 82,037,92 Less: Finance cost 770.81 774.92 614.23 1,545,73 1,246 81 2,323.96 Total profit before tax 22,281.33 23,564.20 20,283,28 45,845,53 40,302.43 79,713.96 3 Segment assets A) Visa and consular services (includes visa and allied services) 3,16,472 69 3,39,643 60 2,61,046 .04 3,16,472 69 2,61,046.04 3,12,868.15 B) Digital services 1.13,471.41 57,928,22 72,825,66 1.13,471.41 72,825.66 64,141.87 CJ Unallocated Total assets 4,29,944.10 3,97,571.82 3,33,871. 70 4,29,944.10 3,33,B71,70 3,77,010.02 4 Segment liabilities A) Visa and consular services (includes visa and allied services) 72,50512 84,092 .65 71,766.93 72,505,12 71.766 ,93 79,353 24 B) Digital services 41,496.82 16,965 46 18,18484 41,49682 18,184.84 19,290.33 CJ Unallocated __,_ Total liabilities 1,14,001.94 1,01,05B.11 89,951.77 Ml{,(lt\tt\l'. .1--:::--... 89,951.77 98,643.57 ~ o(<'i\ ~ ~ ~ ~ gl / (%) ✓ " >e * ·6>- Nlkhi! Gupta Pl:.c:e: New Delhi Managing Ofrf:!tl'Ot Do,~ : November 03, 2026 - DIN No.00!'15694
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S S KOTHARI MEHTA & CO. LLP CHARTERED ACCOUNTANTS Independent Auditor's Review Report on unaudited consolidated financial results of BLS International Services Ltd for the quarter ended September 30, 2026 and y~ar to date results for the period from April 01, 2026 to September 30, 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report To the Board of Directors BLS International Services Ltd I. We have reviewed the accompanying Statement of unaudited consolidated financial results of BLS International Services Ltd (hereinafter referred to as the "Parent Company"), and its subsidiaries including step-down subsidiaries (the Parent Company and its subsidiaries including step-down subsidiaries together referred to as the "Group"), for the quarter ended September 30, 2026 and the year to date results for the period from April 01, 2026 to September 30, 2026, ("the Statement") (refer Annexure I for the list of subsidiaries including step-down subsidiaries included in the Statement), being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Parent Company's management and approved by the Parent Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ("the Act"), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantialiy less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended, to the extent applicable. Plot No. 68, Okhla industrial Area, Phase-Ill , New Delhi-110020 Tel: +91-11-4670 8888 E-mail: contact@sskmin.com Page 1 of 5 www.sskmin.com
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S S KOTHARI MEHTA --~-----& CO. LLP .. ~---~- CHARTERED ACCOUNTANTS 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, and upon considerations of review reports of other auditors as referred to in other matter paragraph 5(a) and 5(b) below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Other matter a. We did not review the interim financial information of nine subsidiaries (including eight step down subsidiaries), included in the Statement, whose interim financial information reflects total assets (before consolidation adjustment) of Rs. 3,33,890.90 lakhs, as at September 30, 2026, total revenues (before consolidation adjustment) of Rs. 74,385.45 lakhs and Rs. 33,694.22 lakhs, total net profit after tax (before consolidation adjustment) of Rs. 35,224.25 lakhs and Rs. 14,352.49 lakhs, total comprehensive income (before consolidation adjustment) of Rs. 39,962.60 lakhs and Rs. 17,153.80 lakhs for the period from April 01, 2026 to September 30, 2026, and quarter ended September 30, 2026 respectively, and net cash outflow of Rs. 22,031.81 lakhs for the period ended September 30, 2026 as considered in the consolidated financial r . These interim financial infonnation's have been reviewed by other auditors whose reports have been furnished to us by the Parent Company's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries including step-down subsidiaries, is based solely on the reports of the other auditors and the procedures perfonned by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. b. Above nine subsidiaries (including eight step down subsidiaries) mentioned in para 5(a) above are located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditor under generally accepted auditing standards. The Parent Company's management has converted the interim financial information of such subsidiaries including step down subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries including step-down subsidiaries located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Parent Company and reviewed by us. Our conclusion is not modified in respect of this matter. Page2of5
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S S KOTHARI MEHTA & CO. LLP - CHARTEAED ACCOUNTANTS c. The Statement includes the interim financial results of sixty one Subsidiaries/ step down subsidiaries, duly certified by the management, whose interim financial information reflects total assets (before consolidation adjustment) of Rs 43,426.39 lakhs, as at September 30, 2026, total revenues (before consolidation adjustment) of Rs. 30,757.89 lakhs and Rs. 16,064.31 lakhs, total net profit after tax (before consolidation adjustment) of Rs. 3,504.57 lakhs and Rs. 4,082.74 lakhs, total comprehensive income (before consolidation adjustment) of Rs. 3,504.57 lakhs and Rs. 4,082.74 lakhs, or the period from April 01, 2026 to September 30, 2026, and quarter ended September 30, 2026, respectively, and net cash in flow of Rs. 1,429.02 lakhs for the period ended September 30, 2026 as considered in the consolidated financial results. The above financial information has been furnished to us by the Parent Company's management and has not been reviewed by us or other auditors. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries including step down subsidiaries, are based solely on such unreviewed interim financial Information certified by the management. According to the information and explanations given to us by the management, this interim financial information is not considered material to the Group. Our conclusion is not modified in respect of this matter. For S S Kothari Mehta & Co. LLP Chartered Accountants Firm Registration No: 000756N/N500441 Sunil Wahal Partner Membership No: 087294 Place: New Delhi Dated: November 03, 2026 UDIN: 26087294UGKYON5576 Page 3 of 5
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S S KOTHARI MEHTA -~- &CO.LLP CHARTERED ACCOUNTANTS Annexure 1 to Limited Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company for the Quarter ended September 30, 2026 and the Year to date results for the period April 01, 2026 to September 30, 2026 List of entities included in the Statement Parent Company BLS International Services Limited Subsidiaries/step down subsidiaries 1. BLS International FZE - UAE 2. Zero Mass Private Limited - India 3. Consular Outsourcing BLS Services Inc. - USA 4. BLS International Services Canada Inc. - Canada 5. RLS International Services Singapore Pte. Limited - Singapore 6. BLS International Services Malaysia SDN. BHD - Malaysia 7. BLS International Services Limited - Hongkong 8. BLS International Services (UK) Limited- UK 9. BLS International Services, LLC-UAE 10. Balozi Liaison Services International Limited Kenya 11. BLS International Services S. R. L. -Italy 12. BLS Worldwide PTY Limited - South Africa 13. BLS E-Services Limited (formerly known as BLS E-Services Private Limited) - India 14. BLS E-Solutions Private Limited India 15. BLS IT-Services Private Limited - India 16. Startin India Private Limited - India 17. BLS Kendras Privale Limited - India 18. BLS International Employees Welfare Trust - India 19. PT. BLS International Service Indonesia 20. BLS International Cameroon Limited - Cameroon 21. BLSMOK Services - Morocco 22. BLS Kazakhstan LLC - Kazakhstan 23. BLS Visa Services SARL -Algeria 24. BLS Services Worldwide Limited - Nigeria 25. BLS International Travel & Tourism LLC- Saudi Arabia 26. BLS International UJSA Inc. - USA 27. BLS International Peru S.A.C- Peru 28. BLS International S.A.S - Columbia 29. Balozi Liaison Services LLC - Egypt 30. BLS Solutions Private Limited - Dangladesh 31. iData Danismanlik Ve Hizmet Dis Tic. A.S. -Turkey 32. Visametric Vize Hiz. Ve. Dan, Dis. Tic. A.S. - Turkey 33. Visametric LLC - Azerbaijan 34. Rahyab Gozar Arta - Iran 35. VisaMetric LLC- Kyrgyzstan Page 4 of 5
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S S KOTHARI MEHTA & CO. LLP CHARTERED ACCOUNTANTS 36. VisaMetric LLC - Kazakhstan 3 7. VisaMetric LLC - Russia 38. VisaMetric LLC - Kosovo 39. VisaMetric LLC - Tajikistan 40. VisaMetric LLC - Uzbekistan 41. VisaMetric d.o.o - Bosnia 42. VisaMetric Dooel Macedonia 43. VisaMetric Albania SHPK-Alhania 44. VisaMetric DOO - Serbia 45. Visametric Ireland Limited - Ireland 46. Aadifidelis Solutions Private Limited - India 47. Sai Finent Advisory Private Limited - India 48. BLS United Ventures - Mexico 49. BLS UK Hotels Limited - UK 50. Citizenship Invest DMCC - UAE 51. Citizenship Invest - Iraq 52. Citizenship Invest - Turkey 53. SLW Media Private Limited - India 54. BLS International Jordan LLC- Jordan 55. BLS Worldwide Services Inc., {w.e.f. Apr 02, 2025) - Philippines 56. BLS Worldwide (w.e.f Apr 01, 2025) - Tunisia 57. BLS International LLC (w.e.f Apr 01, 2025) - Armenia 58. BLS international Consultancy & Services (w.e.f Apr 01, 2025) - Qatar 59. BLSEC SAS (w.e.f Apr 01, 2025) - Ecuador 60. BLS Venture SKL (w.e.f Apr 10, 2025) - Dominican Kepublic 61. Beijing Blaoshi Enterprise Consulting Co. Ltd (w.e.f Apr 01, 2025) - China 62. Beijing Biaoshi Private Entry Exit Service Co. Ltd (w.e.f Apr 01 , 2025) - China 63. Shanghai Biaoshi Private Entry Exit Service Co. Ltd, China (w.e.f Apr 01, 2025) 64. Guangzhou Biaoshi Private Entry Exit Service Co Ltd (w.e.f Apr 01, 2025) - China 65. Chengdu Biaoshi Private Entry Exit Service Co. Ltd (w.e.f Apr 01, 2025) - China 66. Hangzhou Biaoshi Private Entry Exit Service Co. Ltd (w.e.f Apr 01, 2025) - China 67. Beijing Kang Cheng Entry & Exit Service Co. Ltd (w.e.f Apr 01, 2025) - China 68. Shanghai Hai Rui Exit & Entry Co., Ltd (w.c.f Apr 01, 2025) - China 69. Guangzhou Kang Cheng Exit & Entry Co. Ltd (w.e.f Apr 01, 2025) - China 70. Chengdu Kang Cheng Exit & Entry Co., Ltd (w.e.f Apr 01, 2025) - China 71. Bis International (Ihailand) Ltd. (w.e.f. Apr 01, 2025)- Thailand 72. Consular Outsourcing Services Ireland Limited (w.e.f. Aug 29, 2025) - Ireland 73. Consular Outsourcing Services Kenya Limited (w.e.fSep 02, 2025) - Kenya 74. BLS E Services Employees Welfare Trust - India 75. BLS International Cyprus Limited (w.e.f Oct 29, 2025) - Cyprus 76. BLS International Services (Senegal) SARL (w.e.f Oct 29, 2025) - Senegal 77. Trefeddian Hotel (Aberdovey) Limited (w.e.fOctober 02, 2025) - UK 78. MV A International WLL (w.e.f. Feb 02, 2026) - Bahrain 79. Attyati Technologies Private Limited (w.e.f. July 02, 2026) - India 80. BLS Ventures SRL (w.e.f. July 01, 2026)- Bolivia 81. BLS International LTDA (w.e.f. July 01, 2026) - Brazil 82. BLS- Argentina - (w.e.f. July 01, 2026)-Argentina ~\l,I.EHT~cf ~'ti- . C'o 0 1-~-- Page5of5
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BLS INTERNATIONAL SERVICES LIMITED CIN: LSl909DL1983PLC016907 Regd. Office: G-4, B-1, Extension, Mohan Co-operative Industrial Estate, Mathura Road, New Delhl-110044. Telephone number: 011-45795002; Fax: 011-23755264; Email: compliance@;,blsintcrnational.net;Website:www.blsinternational.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 Amount in (~) in lakh SI. No Particulars Quarter Ended Half Year Ended Year Ended September 30, June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 2026 Unaud"•~ Unaudited Unaudited Unaudited Umrndited Audlled I Revenue froth operations 8,687.65 6,910.45 4.607.76 15.598.10 9.054,67 20,992.36 II Other income 2,243.91 6,353.86 505.83 8.597.77 655.70 10,688.22 '" Total Income ( [+Ill 10,931.56 13.264.31 5.113.59 24,195.87 9,710.37 31.680.58 IV EXeENSES Cal Cost or services 2.454.58 1.586.41 1,548.12 4.040.99 2,881.39 6.09525 (bl Employees benefils exoenses 3.230.64 3,040.54 1,608.27 6.271. 18 3.383.26 7.828-46 (c) Finance cosls 322.25 271 .13 151.43 593.38 305.94 682.18 d) Deoreciation and amortization exoense 1,291.89 921.24 435.29 2,213. 13 852.02 2,144.05 (e) Oiher expenses 1.780,86 1,392.02 870.59 3,172.88 1,692.48 4,228.17 Total Exoenses (IV) 9,080.22 7,211.34 4,613.70 16,291.56 9,115.09 20,978.11 V Profit before exceptional items & tax ( Ill-IV) 1.851.34 6,052.97 499.89 7.904.31 595.28 10,702,47 VI Exceotional items VII Profit before tax (V-VIJ IJl51.34 6,052.97 499.89 7,904-31 595.28 10,702.47 VUI Tax Exoense Current tax 549.40 1,614.46 49.58 2,163.86 98_53 833.44 Deferred lax (71.59) (74.54) (39.26) (146.13) (67.83) (150.51) Tax for earlier years . (233.10) Total Tax Exnense< IVIIJl 477.81 1,539.92 10.32 2 017.73 30.70 449.83 IX Profit for the period/ year ( VII-VIII) 1 373.53 4.513.05 489.57 5,886.58 564.58 10,252.64 X Other Comorehensive Income (OCI) Items that will not be reclassified to profit or loss (l) Rc-incosurcnic,11, cairv'(los.s) on defi1ted bcncftr nlans . 51 .83 (ii) Tax on (I) above - (13.041 01hor conmrohonih 'O incon~ 111<1 or inx) . - - - 38.79 XI Total Conmrehen~ive Income for the neriod/ vr•-:llr llX+X) 1,373.53 4.513.05 489.57 5.886.58 564.58 l0,29 1,43 YII Paid-up equitv share caoital I Face Value Per Share Re. 1/-1 4,117.41 4,117.41 4.117.41 4,117.41 4.117.41 4, 117.41 XIII O11,or Eqoltv 5,093.58 XIV Earning Per Share ( of Re. 1/- each) (for quarterlv periods are not annualized) (a) Basic 0.33 1.10 0.12 1.43 0.14 2.49 (al Diluled 0,33 1.09 0. 12 1.43 0.14 2.49 Notes to standnlone financial results : 1 These rcsulis have been prepared in accordance with the recognition and measurement principles oflhe Companies (Indian Accounting Slandards) Rules, 2015 (Ind AS) prescribed under Seclion 133 of ti Companies Acl, 2013, other accounting principles generally accepted in India and are in compliance with the presentation and disclosure rcquiremenls of Regulation 33 of Jhe SEBI (Lisling Obtigalio1 and Disclosure Requirements) Regulalions, 2015 (as amended). 2 The Company is engaged in lhe business of"visa and other allied services" and Jhis is the only reportable segment in accordance with IND AS-I 08 'Operaling Segment'. 3 The above standalone financiitl resulls were reviewed and recommended by lhe Audit Commillee and subsequenlly approved by lhe Board of Directors at their respeclive meetings held on November 0 2026. These resulis have been subjected lo limiled review by Jhe statutory audiJor.; who have expressed an unmodified conclusion. - -<,\ONA( IS' ~~ ~ '""" '""rn"'""'' ''t"" Q:- R• S ~ I~ =----'- o -z_ INTERNATIONAL {I) / 0 / ,s,')l:J " . 6 '>- Nikhit Gupta * - \1anaging Director Place: New Delhi - )IN No. 00195694 Dale : November 03 2026
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BLS INTERNATIONAL SERVICES LIMITED (CIN No.: L51909DL1983PLC016907) STATEMENT OF STANDALONE UNAUDITED ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 Particulars ASSETS Non-Current Asset Property, plant and equipment Capital work in progress Right of use assets Other intangible assets Financial assets: Investments in subsidiaries Other financial assets Deferred tax assets (net) Other non-current assets Non current tax assets (net) Total non- current assets Current Asset Financial assets: Investments Trade receivables Cash and cash equivalents Bank balances other than cash and cash equivalents Loans Other financial assets Other current assets Total current assets TOT AL ASSETS EQUITY & LIABILITIES Equity Equity share capital Other equity Total equity Liabilities Non • Current Liabilities Financial liabilities: Lease liabilities Provisions Total non-current liabilities Current liabilities Financial liabilities: Lease liabilities Trade payable total outstanding dues to micro enterprises and small enterprises total outstanding dues to creditors other than micro enterprises and small enterprises Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities TOTAL EQUITY AND LIABILITIES Place: New Delhi Date: November 03, 2026 Asat September 30, 2026 (Unaudited) 11,132.12 1,035.50 15,033.20 70.49 10,689.35 1,742.00 580.68 176.68 40,460.02 1,217.52 4,556.52 1,524.96 4,062.76 451.00 588.23 1,681.71 14,082.70 54,542.72 4,117.41 9.130.75 13,248.16 13,986.52 337.73 14,324.25 1,963.24 3.33 848.14 6,270.46 16,005.72 132.41 1,747.01 26,970.31 54,542.72 Amount in (~) in lakhs As at March 31, 2026 (Audited) 4,617.76 175.54 11,120.96 10.47 4,997.43 1,308.12 434.55 324.86 162.77 23,152.46 554.92 2,140.09 871.28 1,210.66 377.50 316.95 661.43 6,132.83 29,285.29 4,117.41 5,093.58 9,210.99 10,348.66 280.70 10,629.36 1,278.16 4.48 888.95 1,663.38 5,502.78 107.19 9,444.94 29,285.29 For BLS International Servic~ Limited V'v\;/ / Nikhil Gupta Managing Director DIN No. 00195694
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BLS INTERNATIONAL SERVICES LIMITED (CIN No.: L51909DL1983PLC016907) STATEMENT OF STANDALONE UNAUDITED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, ZOZ6 Particulars Cash flow from operating activities Profit before tax Adjustments for: Depreciation and amortization expense Realized gain on sale of investment Unwinding of security deposit Unrealized gain on mutual fund Finance costs Dividend income Share based payment expense Interest income Unrealized foreign exchange fluctuation gain (net) Assets and balances written off Provison for bad debts Operating profit before working capital change Adjustments for: (Increase)/ decrease in trade receivables (lncrease)/decrease in other financial current assets Increase in other current assets Increase in other non-current Financial assets Increase in long term provision Decrease in trade payable Increase in other financial current liabilities Increase in other current liabilities Increase in short provision Cash generated from operations Income tax paid Net cash generated from operating activities (A) Cash flow from Investing activities Purchase of property, plant and equipment, intangible assets and capital work in progress (net of capital advance and capital creditors) Proceeds from sale of property, plant and equipment Investment in subsidiaries Proceeds from (investment)/maturity of term deposits Investment in mutual funds Loan given to subsidiaries (net) Dividend received Interest income received Net cash used in Investing activities (B) Cash flow from financing activities Payment for principal portion of lease liabilities Payment for interest portion of lease liabilities Dividend paid Net cash used in financing activities (C) Net increase /(decrease) in cash and cash equivalent (A+B+C) Cash and cash equivalent at the beginning of the year Cash and cash equivalent at the end of the period Components of cash and cash equivalent Cash on hand Balance with Banks -in current accounts Total cash and cash equivalent at the end of the period Place: New Delhi Date : November 03, 2026 For the half year ended September 30, Z0Z6 7,904.31 2,213.13 ( 42.33) (32.33) 0.24 593.38 (8,452.02) 158.56 (66.50) 1.10 (1.51) 11.25 Z,264.78 (2,406.29) (322.54) (1,020.28) 57.03 (40.46) 685.02 10,553.68 25.22 9,796.16 (254.08) 9 542.08 (6,475.44) 1.44 (5,691.92) (3,162.09) (620.50) (73.50) 8,452.02 26.19 (7,543.80) (751.21) (593.38) [0.01) (1,344.60) 653.68 871.28 1,524.96 83.15 1,441.81 1,524.96 Amountin " in lakhs For the half year ended September 30, Z0Z5 595.28 852.02 (45.82) 305.94 (462.56) 406.40 (46.87) 5.14 3.69 1,613.ZZ 281.12 468.57 (32.77) (62.71) 54.59 (1,413.97) 830.08 3,849.99 11.65 5,599.77 (230.11) 5 369.66 (465.76) 315.76 (2,481.12) 462.56 36.19 (Z,132.37) (393.55) (305.94) (4,104.82) (4,804.31) (1,567.01) 3,047.28 1,480.27 50.17 1,430.10 1,480.27 Nikhil Gupta Managing Director DIN No. 00195694
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S S KOTHARI MEHTA & CO. LLP CHARTERED ACCOUNTANTS Independent Auditor's Review Report on unaudited st:mdalone financial results of BLS International Services Ltd for the quarter ended September 30, 2026 and year to date results for the period from April 01, 2026 to September 30, 2026 pursuaut to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosur~ Requirements) Regulations, 2015, as amended Review Report To the Board of Directors, BLS International Services Ltd I. We have reviewed the accompanying Statement of unaudited standalone financial results of BLS International Services Ltd (the "Company"), for the quarter ended September 30, 2026 and the year to date result for the period from April 0 I, 2026 to September 30, 2026 (the "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Require"nents) Regulations, 2015 as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 ("the Act") as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opm10n. Plot No. 68, Okhla industrial Area, Phase-Ill, New Delhi-110020 Tel: +91-11-4670 8888 E-mail: contact@sskmin .com Page 1 of 2 www.sskmin .com
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S S KOTHARI MEHTA & CO. LLP - CHARTEREo ACCOUNTANTS 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S S Kothari Mehta & Co. LLP Chartered Accountants Firm Registration No: 000756N/N500441 Sunil Wahal Partner Membership No.: 087294 Place: New Delhi Dated: November 3, 2026 UDIN: 26087294VBRUKQ2593 Page 2 of 2
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Annexure - B Reconstitution of Committees of Board of Directors of BLS International Services Limited w.e.f November 04, 2026 Name of the Committee Composition of the Committee w.e.f November 04, 2026 Name of Director Designation Category of Directorship Nomination & Remuneration Committee (NRC) Mr. Manoj Joshi Chairman Independent Director Mr. Sarthak Behuria Member Independent Director Mr. RSP Sinha Member Independent Director Mrs. (Dr.) Savita Member Independent Director Risk Management Committee (RMC) Mr. Manoj Joshi Chairman Independent Director Mr. Sarthak Behuria Member Independent Director Mr. Atul Seksaria Member Independent Director Mr. Shikhar Aggarwal Member Joint Managing Director