BLS E-Services Ltd

AGM and annual report access

• 10th AGM on Sep 15, 2026 at 3:00 PM IST via VC/OVAM.
• Soft copies of AGM notice and Annual Report FY2025-26 sent to registered email holders.
• Non-registered email shareholders can access/download the Annual Report via web-links.
• Annual Report available on BSE/NSE/KFIN websites.

Shareholder communications and data updates

• Company promotes digital communications and dividends.
• Physical-shareholders to register email, bank details, and mobile numbers with KFIN.
• Electronic holders to register with their Depository Participant.

Record Date for Final Dividend

• Purpose: determine dividend eligibility for FY 2025-26.
• Record date: Sept 08, 2026.
• Dividend, if declared, paid within 30 days post AGM.
• AGM date: Sept 15, 2026 (VC/OAVM).
• Cut-off for remote e-voting eligibility: Sept 08, 2026.
• E-voting period: Sept 11–14, 2026.

BRSR scope and governance

• Subject: BRSR for FY2025-26 filed under SEBI Regulations.
• ESG Working Group chaired by Shikhar Aggarwal; CFO Rahul Sharma member.
• Board-approved policies include Anti-Bribery and Code of Conduct for Business Partners; online.

ESG metrics and disclosures

• GHG emissions: Scope1 6.094 tCO2e; Scope2 28.96 tCO2e; total 35.05 tCO2e.
• Energy: non-renewable 227.38 GJ; energy intensity 2.60 per crore turnover.
• Water: withdrawal 1,401.12 kL; water intensity 16.04 per crore turnover.

People, CSR and corporate structure

• Board female representation: 14.28%; KMP female: 100%.
• CSR: turnover Rs 87,34,68,421; net worth Rs 4,23,25,81,457.
• CSR expenditure: Rs 33 lakhs in FY25-26 via Sansthanam Abhay Daanam.

AGM Details

• Date/Time: Sep 15, 2026, 3:00 PM IST, via VC/OAVM.
• Cut-off for voting: Sep 8, 2026.
• Remote e-voting window: Sep 11–14, 2026 (09:00–17:00 IST).
• Deemed venue: registered office; e-voting via KFintech platform.

Ordinary Business

• Adopt standalone and consolidated financial statements for FY 2025-26.
• Declare final dividend of ₹0.50 per equity share.
• Re-appoint director retiring by rotation.

Special Business

• Appoint Dr. Savita as Non-Executive Independent Director for five years.
• Appoint Sarthak Behuria as Non-Executive Independent Director for five years.

Capital Changes and MOA Amendments

• Sub-division of equity shares from Rs 10 to Rs 5 (1:2).
• Alter Clause V of Memorandum to reflect new post-split capital.
• Adjustments to BLS E-Services 2024 ESOP due to subdivision.
• Record Date to be fixed by Board for share split.

Financial snapshot

• Total Income: ₹1,142.8 Cr; up 109.7% YoY (FY26).
• EBITDA: ₹99.9 Cr; margin compressed by loan-led mix.
• PAT: ₹69.3 Cr; margin 6.1% in FY26.
• GTV crossed ₹1,11,000 Cr; +27.3% YoY.
• Loans disbursed: ₹36,800 Cr; +213.8% YoY with Aadifidelis consolidation.
• Total transactions: 130+ million; touchpoints: 1,55,000+.
• Net cash: ₹400+ Cr; company remains debt-free.
• EPS: ₹6.33 on 9,08,56,485 shares; FY26.
• IPO proceeds: ₹30,929.29 Cr gross; ₹27,776.93 Cr net raised; ₹15,521.69 Cr unutilised.
• Dividend: interim ₹0.50; final ₹0.50 proposed; payout underway post AGM.

Business model & scale

• Asset-light, merchant-led model with 1,55,000+ touchpoints nationwide.
• BC network: 45,800+ CSPs across 30,000+ rural/semi-urban codes.
• Full-stack platform: BLS Sewa, GPS-enabled field monitoring, AI tools.
• Aadifidelis acquisition strengthened loan-disbursement scale; 24+ states, 140+ institutions.
• Phase III CSP Plus with SBI & Odisha; Aadhaar enrolments in Rajasthan; UPPCL OTS.
• 15+ new integrations in FY26; 9,000+ active portal users.
• Total service portfolio expanded to 700+ offerings under BLS Umbrella.
• E-governance footprint across 22,000+ Touchpoints; 330+ G2C services.
• Loan leads from Aadifidelis: ₹12,100 Cr in Q4 FY26; YoY growth strong.
• Consolidation of Aadifidelis completed; contributed to 36,800+ Cr loans in FY26.

Growth drivers & strategy

• Atyati Technologies acquisition completed (FY26); adds 25,900+ CSPs.
• Strategic focus on organic volume growth and cross-sell across BC, loan, and e-governance.
• Expansion into new geographies and merchant categories (pharmacies, agri-supply, rural outlets).
• Government tenders, state partnerships, and co-origination with banks to drive loan volumes.
• AI & analytics to boost cross-sell; cloud-native infra for scale; cyber-resilience upgrade.

Capital structure & liquidity

• Debt-free position; net cash ₹400+ Cr; no long-term borrowings as of 31-Mar-2026.
• Authorized post-IPO split: ₹110 Cr; issued capital ₹90.86 Cr post-split.
• IPO proceeds: ₹27.78 Cr net utilised; remaining ₹15.52 Cr unutilised (as of FY26).
• Cash reserves parked in term deposits; liquidity support for growth.

Dividend & capital allocation

• Interim dividend: ₹0.50 per share; Final dividend proposed at ₹0.50 per share.
• Total dividend paid in FY26: ₹13.63 Cr (approx).
• Dividend Distribution Policy in place; governance aligned with SEBI LODR.
• IPO proceeds reallocation: ₹13.8 Cr channelled to Atyati acquisition object.

Governance & governance flags

• Board: 7 directors; 4 Independent; 1 Executive; 2 Non-Executive Non-Independent.
• New Independent Directors: Dr. Savita and Mr. Sarthak Behuria appointed August 2026.
• 7 board-level committees; 5 board meetings in FY26; Audit Committee chaired by independent director.
• Statutory auditors: S.S. Kothari Mehta & Co.; Internal: Nangia & Co.; Secretarial: P.K. Mishra & Associates.
• Secretarial audits unqualified; strong internal controls post-acquisition integration.

CSR, ESG & social impact

• CSR spend: ₹33 Lakh; women empowerment and healthcare initiatives across Noida, Indirapuram, Shahada.
• ESG governance: BRSR aligned; ESG Working Group chaired by senior executives.
• Community impact: 435 beneficiaries; primary focus on healthcare and women empowerment.
• CSR policy available on company site; annual CSR report annexed.

Outlook & risks

• NSFI 2025-30 and RBI BC reforms to shape last-mile banking model.
• BC framework shift to two-tier system; higher emphasis on service depth and credit access.
• Opportunities from digital payments growth; increased loan penetration via Aadifidelis and Atyati.
• Risks: regulatory changes, cyber risk, attrition; mitigated by strengthened compliance and training.

IPO proceeds & acquisitions snapshot

• IPO raised ₹30,929.29 Cr; net ₹27,776.93 Cr; ₹15,521.69 Cr unutilised as of Mar-2026.
• Acquisition of Aadifidelis completed earlier; Atyati Technologies acquired in July 2026.
• Monitoring agency (CRISIL) reports on IPO proceeds utilization filed with exchanges.

Issue Overview

• IPO of equity shares.
• Net proceeds revised upward after lower issue expenses.
• Object 1: Strengthen technology infrastructure.
• Object 2: Fund organic growth via BLS Stores.
• Object 3: Achieve inorganic growth through acquisitions.
• Object 4: General Corporate Purposes (GCP).
• Object 5: Acquisition of equity shares in Atyati Technologies.

Utilisation of Proceeds

• Utilisation aligned with revised object costs; no material deviation.
• Shareholders approved change and variation in objects on 16 Mar 2026.
• Means of finance unchanged.
• Object 1: partial utilisation; end-quarter unutilised balance.
• Object 2: no utilisation in the quarter.
• Object 3: fully utilised previously.
• Object 4: fully utilised by Mar 2026 quarter.
• Object 5: no utilisation; funds remain unutilised.
• Total unutilised funds held in fixed deposits and a monitoring account.
• Extended timeline approved for Object 1 to Mar 2027; no delay.
• Object 5 acquisition delayed awaiting lender approvals; expected within current financial year.

Governance and Compliance

• Shareholder approval obtained for change in objects (EGM 16 Mar 2026).
• Lenders' approvals and regulatory clearances for Atyati acquisition pending.
• No major adverse events or material deviations reported for the quarter.

GCP

• GCP: Not applicable; no separate board approval required for allocation.