BLS E-Services Ltd

Statutory auditor change at ATPL

• ATPL, a material subsidiary of BLS E-Services Ltd, approved resignation of S.R. Batliboi & Co. LLP.
• S.R. Batliboi & Co. LLP resigned as ATPL statutory auditors with immediate effect.
• S.S. Kothari Mehta & Co. LLP appointed to fill the casual vacancy.
• Effective date: 28 September 2026.
• Appointment term: until the conclusion of ATPL's next AGM for FY 2026-27.
• Reason: independence concerns due to non-audit services by EY member firms.
• Disclosure filed under SEBI Listing Regulations; Annexure-B attached.

Nature of Restructuring

• Slump sale of JLG Financial Lending Business by ATPL to TVAM.

Entities Involved

• ATPL is a wholly-owned subsidiary of BLS E-Services Ltd.
• JLG Business Undertaking is ATPL's lending unit slated for transfer.
• TVAM Technologies Private Limited (TVAM) is the buyer.

Key Transaction Details

• Sale is on a going-concern basis under a Business Transfer Agreement.
• JLG turnover Rs 100.56 Crores, 26.8% of ATPL FY2025-26 turnover.
• Unit net worth as of 1 Jul 2026 Rs 59.49 Lakh.
• Sale consideration Rs 59.49 Lakh, subject to closing adjustments.
• Completion targeted within ~90 days, subject to customary approvals.

Rationale & Objectives

• Aims to streamline operations and optimize resource deployment.
• Part of broader business reorganization and operational restructuring.

Related Party & Shareholder Impact

• TVAM is a related party; ATPL director sits on TVAM board.
• Transaction is at arm's length; no change in listed entity shareholding.

Approvals & Timeline

• BTA approved by ATPL board and shareholders; execution pending.
• Lenders and regulatory/statutory approvals required.
• Completion targeted within about 90 days.

Transaction details

• Board-approved slump sale of JLG business to TVAM on going-concern basis; BTA yet to be executed.
• JLG turnover Rs 100.56 crores in FY2025-26, 26.8% of ATPL turnover.
• JLG net worth as on July 1, 2026: Rs 59.49 lakhs (0.9% of ATPL net worth).
• ATPL became wholly owned subsidiary of BLS E-Services Limited w.e.f. July 2, 2026.
• Completion expected in about 90 days, subject to conditions precedent and approvals.
• Sale consideration Rs 59.49 lakhs; post-closing adjustments as per BTA.
• Buyer: TVAM Technologies Private Limited; related party; sale at arm's length.
• Not through Scheme of Arrangement; Regulation 37A not applicable.
• Rationale: part of broader business re-organisation and operational restructuring.
• There will be no change in ATPL's shareholding pattern.
• Date of board approval: September 28, 2026.

BLS E-Services Limited: Trading Window closed from Oct 01, 2026 till completion of 48 hours after unaudited financial results for the quarter ending September 30, 2026 are made public.

Meeting Details

• Date: 29 September 2026; Time: not disclosed.
• Event: Bharat Connect Conference Rising Stars 2026, organized by Arihant Capital.
• Mode: Virtual; Type: Group Meeting.

Participants

• Key participants: Management; Company Secretary and Compliance Officer.
• Company Secretary and Compliance Officer to attend.

Purpose

• Purpose: Analyst/Investor meeting to discuss financial and operational performance.
• Based on investor presentation and updates.

Additional Notes

• Presentation materials uploaded on the company website.
• No IP sensitive information will be shared during meeting.

Record Date Details

• Record date set as 6 October 2026 for 1-for-2 sub-division of equity shares (Rs 10 to Rs 5).
• Shareholders approved the sub-division at AGM held on 15 September 2026.

AGM details

• Date and time: 15 September 2026, 3:00 PM to 3:47 PM; VC/OAVM.
• Record date: 08 September 2026.
• Total on record: 59,658 shareholders.
• VC attendance: Promoter group 3; Public 278.

Resolutions and outcomes

• Item 1: Adoption of standalone and consolidated financial statements; passed.
• Item 2: Final dividend of ₹0.50 per share; passed.
• Item 3: Reappointment of Diwakar Aggarwal as Non-Executive Independent Director; passed.
• Item 4: Appointment of Dr. Savita as Non-Executive Independent Director; passed.
• Item 5: Appointment of Mr. Sarthak Behuria as Non-Executive Independent Director; passed.
• Item 6: Share capital sub-division; passed.
• Item 7: MOA capital clause alteration; passed.

Director changes

• Diwakar Aggarwal reappointed; retiring by rotation.
• Dr. Savita appointed as Independent Director.
• Sarthak Behuria appointed as Independent Director.

AGM details

• 10th AGM held Sep 15, 2026 via VC/OAVM from 3:00 to 3:47 PM IST.

Ordinary business resolutions

• Adopt standalone and consolidated financial statements for year ended Mar 31, 2026.
• Declare final dividend of ₹0.50 per equity share for FY2026.
• Re-appoint Diwakar Aggarwal as director, retiring by rotation.

Special business resolutions

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

Capital changes

• Sub-Division/Split of existing equity shares.
• Alteration of Clause V of the Memorandum of Association.

Governance / voting process

• Remote e-voting conducted Sep 11–14, 2026 via KFintech.
• Scrutinizer appointed: AVS & Associates.
• Statutory and Secretarial audit reports had no qualifications.