The Company has provided update on Acquisition of Equity Shares of Atyati Technologies Private Limited
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BLS E-Services reported strong FY2026 consolidated revenue of Rs 1,11,779 lakhs, more than doubling from Rs 51,935 lakhs in FY2025. Consolidated net profit rose 18% to Rs 6,927 lakhs with EPS of Rs 6.33. However, standalone net profit declined 36% to Rs 1,747 lakhs due to lower income from subsidiaries. The Board recommended a final dividend of Rs 0.50 per share (5% on Rs 10 face value), subject to shareholder approval. Key highlight: the company revised the purchase consideration for acquiring 100% equity of Atyati Technologies Private Limited upward from Rs 154 Crore to Rs 156.82 Crore, with completion expected by July 31, 2026. The company also re-appointed M/s Nangia & Co. LLP as internal auditors for FY 2026-27.
The acquisition of Atyati Technologies represents continued inorganic growth strategy, with Rs 13,800 lakhs of IPO proceeds earmarked for this deal. The revised consideration of Rs 156.82 Crore signals confidence in the target's value. Strong consolidated performance is positive for shareholders, though the standalone profit decline warrants monitoring.