BLS E-Services acquisition of SBI and HDFC Bank CSPs halted

BLS E-Services announced that the previously disclosed acquisition of SBI and HDFC Bank CSPs under the Business Correspondence (BC) segment of Sub-K Impact Solutions Limited ("Sub-K") by its subsidiary, Zero Mass Private Limited ("ZMPL"), will not proceed. This decision follows the non-receipt of necessary approvals from relevant banks within the stipulated period.

The definitive agreement, signed on June 24, 2025, aimed for a slump sale completion by September 30, 2025, contingent upon these bank approvals and the fulfillment of other condition precedents. However, ZMPL and Sub-K have mutually decided against extending the long stop period, effectively terminating the transaction.

This update was provided in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.