Financial Performance Highlights
BLS International Services Limited reported strong financial results for FY 2025-26, with consolidated net profit rising 35% to ₹686.71 crore from ₹508.23 crore in FY25. Revenue from operations grew 37% to ₹2,998.22 crore, driven by expansion in both visa services (₹1,840.30 crore revenue) and digital services (₹1,157.91 crore revenue) segments. The company maintained robust cash balances of ₹494.16 crore and declared total dividends of ₹13.02 crore including interim and final distributions.
Business Responsibility and Sustainability Report
The company published its BRSR report showing exemplary human rights compliance with zero complaints across all categories including sexual harassment, discrimination, child labor, and forced labor. All plants and offices underwent 100% assessments for labor practices with no corrective actions required. Energy consumption increased significantly to 7478.59 GJ from 1881.81 GJ YoY, while the company maintained ISO 27001 and Cyber Essentials certifications. Greenhouse gas emissions totaled 1130.58 Metric Tonnes CO2 equivalent with Scope 2 emissions representing the majority.
Corporate Governance and Subsidiary Structure
The Board comprised 8 directors including 4 independent directors, with 5 meetings held during FY26. Executive directors received substantial remuneration, with Mr. Diwakar Aggarwal (Chairman) receiving ₹236.13 lakhs salary plus ₹231.69 lakhs commission. Promoter holding stood at 70.39% with total shares of 41.17 crore equity shares. The company consolidated 80 subsidiaries globally, including 13 Indian and 67 foreign subsidiaries, with material subsidiaries being BLS E-Services Limited (52.01% holding) and BLS International FZE, UAE (100% holding).
Annual Report Corrigendum and Compliance
BLS International issued a corrigendum to its FY26 Annual Report to correct non-material typographical errors identified after the original August 29, 2026 submission. Corrections included adjustments to ESOP option counts (corrected to 10,62,000 outstanding), subsidiary status updates, financial amount adjustments in auditor reports, and lease liability calculations. The company confirmed all changes were non-material and did not impact financial statements, position, performance, or AGM resolutions scheduled for September 23, 2026. The revised report was submitted to NSE and BSE in compliance with SEBI Listing Regulations.
Expansion and Acquisitions
The company completed multiple international acquisitions during FY26 including BLS Worldwide Services Inc. (Philippines), BLS Ventures S.R.L. (Dominican Republic), Consular Outsourcing Services (Kenya), and several Chinese entities including Bejing Biaoshi Enterprise Consulting Co. Ltd. Total goodwill recognized on acquisitions amounted to ₹55.42 crore. Property, plant and equipment increased to ₹290.25 crore net block from ₹178.82 crore, with additions of ₹58.76 crore including business combination additions.
Regulatory and Tax Matters
The company faced an income tax demand of ₹962.59 lakhs for AY 2024-25 under dispute, with a rectification application filed on March 23, 2026. Statutory auditor S S Kothari Mehta & Co. LLP received total fees of ₹95.99 lakhs. CSR expenditure of ₹69.00 lakhs exceeded the requirement, focusing on healthcare and women empowerment initiatives benefiting 720 persons. The company maintained full compliance with SEBI Listing Regulations and adopted some non-mandatory requirements including separate Chairman and MD posts.