Main Disclosure – Disinvestment Details

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

Percentage Stake Disinvested: Entire JLG Business Undertaking being sold via slump sale (100% of the business unit)

Post-Transaction Holding: ATPL will completely exit the JLG lending business

Counterparty/Buyer: TVAM Technologies Private Limited (TVAM)

  • Corporate Identification Number (CIN): U72900KA2022FTC156732
  • Business: Provides financial services including banking, lending, insurance and wealth management through a downloadable application

Mode of Consideration: Cash consideration of ₹59,49,000 (Indian Rupees Fifty-Nine Lakhs and Forty-Nine Thousand Only)

Valuation or Price Basis: Consideration subject to post-closing adjustments in accordance with terms of Business Transfer Agreement based on Closing Accounts of 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.

Business Profile of Target Entity:

  • Sector: Financial lending to micro-customers (Joint Liability Group lending)
  • Parent Company Business: ATPL is engaged in Business Correspondent (BC) services for various banks for last mile connectivity, lending to micro-customers, and technology solutions
  • Financial Performance: Turnover of JLG Business Undertaking was ₹100.56 Crores (Indian Rupees One Hundred Crore and Fifty-Six Lakh Only) for Financial Year 2025-26, representing 26.8% of ATPL's total turnover
  • Net Worth: ₹59.49 lakhs (Indian Rupees Fifty-Nine Lakhs and Forty-Nine Thousand Only) as computed on July 1, 2026, representing 0.9% of ATPL's total net worth

Related Party Status: Yes. TVAM is a related party of ATPL as a director of ATPL is also a Director and Member of TVAM. However, the transaction has been entered at arm's length.

Approvals Required: Approval/consent required from Lenders, regulatory/statutory authorities and other concerned parties. The Business Transfer Agreement has been approved by the Board of Directors and shareholders of ATPL but is yet to be executed.

Indicative Timeline: The transaction is expected to be consummated in about 90 days, subject to fulfilment of conditions precedent as specified in the Business Transfer Agreement.

Regulatory Compliance: The transaction is not being undertaken through a Scheme of Arrangement. Since it relates to transfer of Business Undertaking by the step-down Subsidiary, provisions of Regulation 37A of the Listing Regulations are not applicable.

Impact on Shareholding: There will be no change in the shareholding pattern of BLS International Services Limited pursuant to the Transaction.

Other Updates

No other disclosures are present in the document.