Main Disclosure – Disinvestment Details

Target Entity: Joint Liability Group-Financial Lending Business (JLG Business Undertaking) of Atyati Technologies Private Limited (ATPL)

Percentage Stake Disinvested: 100% of the JLG Business Undertaking through slump sale

Post-Transaction Holding: Complete disposal of the JLG business undertaking

Counterparty/Buyer: TVAM Technologies Private Limited (CIN: U72900KA2022FTC156732), a Private Limited Company incorporated under the Companies Act, 2013, having its office at 492, Chinmaya Mission Hospital Rd, 1st Stage, Indira Nagar 1st Stage, H Colony, Indiranagar, Bengaluru, Karnataka 560038

Mode of Consideration: Cash consideration of Rs. 59,49,000/- (Indian Rupees Fifty-Nine Lakhs and Forty-Nine Thousand Only), subject to post-closing adjustments

Valuation or Price Basis: As per Business Transfer Agreement terms, with consideration subject to adjustments based on Closing Accounts of the JLG Business Undertaking

Rationale for Disinvestment: The transaction forms part of the Company's broader business re-organisation and operational restructuring initiatives. The transfer is intended to streamline business operations, optimise deployment of resources and enable greater strategic and operational focus through an appropriate business structure.

Impact on the Company: The JLG Business Undertaking contributed Rs. 100.56 Crores (26.8% of ATPL's total turnover) for Financial Year 2025-26. The net worth of the unit as computed on July 1, 2026 was Rs. 59.49 lacs (0.9% of ATPL's total Net Worth). There will be no change in the shareholding pattern of the listed entity (BLS E-Services Limited) pursuant to the Transaction.

Business Profile of Target Entity: The JLG Business Undertaking involves lending to micro-customers as part of ATPL's business correspondent services and technology solutions. ATPL is engaged in Business Correspondent (BC) services for various banks for last mile connectivity, lending to micro-customers, and technology solutions.

Related Party Status: Yes. TVAM is a related party of ATPL as a director of ATPL is also a Director and Member of TVAM.

Approvals Required: The transaction requires approvals/consents from Lenders, regulatory/statutory authorities and other concerned parties as specified in the Business Transfer Agreement.

Indicative Timeline: The transaction is expected to be consummated in about 90 days, subject to fulfilment of conditions precedent.

Other Updates

  • The Board of Directors of ATPL approved the Business Transfer Agreement at their meeting held on September 28, 2026
  • Shareholders of ATPL have also approved the BTA, which is yet to be executed
  • The transaction is not being undertaken through a Scheme of Arrangement
  • Regulation 37A of the Listing Regulations is not applicable as the transaction relates to transfer by a subsidiary

No other disclosures are present in the document.