BLS International Services Limited — JV/Acquisition, 02-04-2025: Acquisition

BLS International FZE has subscribed to 99.99% of the share capital of BLS Worldwide Services Inc., a company based in the Philippines, for approximately PHP 1,04,99,980 (about 1.05 crore). This acquisition enables BLS Worldwide Services to operate as a Step-Down Subsidiary, expanding BLS’s footprint in the visa and passport processing sector. Although BLS Worldwide Services has recorded no turnover yet, this strategic move is aimed at diversifying operations and enhancing market positioning, potentially benefiting shareholders in the long run.