Pursuant to the compliance with Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 (including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force), We would like to inform you that the BLS International FZE, Wholly owned subsidiary of the Company has acquired 100 % share capital of BLSEC S.A.S, a company incorporated under the law of Ecuador. Consequent to such acquisition, it will become a Wholly Owned Step Down Subsidiary of the Company ('SDS-WOS').