Transaction Details
- Effective Date: August 17, 2026
- Transferor Entity: BLS International Vize Hizmetleri Limited Sirketi (step-down subsidiary)
- Transferee Entity: iDATA DANISMANLIK VE HIZMET DIS TIC AS (step-down subsidiary)
- Regulatory Reference: SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Financial Information
Transferor Company (BLS International Vize Hizmetleri Limited Sirketi):
- Standalone revenue as of March 31, 2026: ₹16,78,58,678 (₹16.79 crore)
Transferee Company (iDATA DANISMANLIK VE HIZMET DIS TIC AS):
- Standalone revenue as of March 31, 2026: ₹1,87,77,72,130 (₹187.78 crore)
Business Operations
Both entities are engaged in providing services related to visa processing.
Transaction Characteristics
- Related Party Transaction: Yes
- Arm's Length Basis: Confirmed as conducted at arm's length
- Consideration: Not applicable - no cash consideration or share exchange ratio involved
- Share Capital Impact: The entire share capital of BLS International Vize Hizmetleri Limited Sirketi stands cancelled as a result of the merger
Rationale
The merger was undertaken to align the business synergies of the step-down subsidiaries.
Shareholding Impact
- Listed Entity Shareholding: No change - the merger is between two foreign step-down subsidiaries of the company
- Pattern Change: Not applicable
Post-Merger Status
BLS International Vize Hizmetleri Limited Sirketi has ceased to exist as a step-down subsidiary of the company.
Compliance Officer
Dharak A. Mehta, Company Secretary & Compliance Officer (ICSI Membership No.: FCS12878), signed the disclosure on August 18, 2026.