BLS E-Services Limited has approved the acquisition of 100% equity shares of Atyati Technologies Private Limited (ATPL), according to the board outcome dated February 16, 2026 .
Key highlights from the filing
As per the board outcome (Page 1), BLS will enter into a binding offer to acquire ATPL from its existing shareholders, subject to lender and regulatory approvals. Post-acquisition, ATPL will become a wholly owned subsidiary of the company .
From Annexure A (Pages 3–4):
- Target company: Atyati Technologies Private Limited
- FY25 revenue: Rs 395.6 crore
- Paid-up share capital: Rs 11,42,35,070
- Acquisition value: Based on equity value of Rs 154 crore (cash consideration)
- Stake acquired: 100%
- Expected completion: On or before March 31, 2026, subject to approvals .
Business profile of Atyati
Atyati, incorporated on March 29, 2006 and headquartered in Bangalore, operates in the Business Correspondent (BC) services segment for banks. It focuses on financial inclusion, micro-lending and technology solutions, with presence across 1 lakh villages in India (Page 4) .
Turnover trend (Revenue from operations):
- FY23: Rs 312.3 crore
- FY24: Rs 389.9 crore
- FY25: Rs 395.6 crore .
IPO proceeds variation
The Board has also approved and recommended to shareholders a change and variation in the objects of utilisation of IPO proceeds along with extension of the time limit. An Extra Ordinary General Meeting (EGM) will be held on March 16, 2026 via video conferencing to seek shareholder approval (Page 2) .
The board meeting commenced at 11:30 AM and concluded at 12:00 noon on February 16, 2026 .
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.