BLS International Services Ltd — Capital/Financing Update 2021

Oct 29, 2021

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October 29, 2021

National Stock Exchange of IndiaLtd.,Exchange Plaza, C-1 Block G,Bandra Kurla Complex Bandra [E],Mumbai – 400051NSE Scrip Symbol: BLS	BSE Ltd.,Phiroze JeejeebhoyTowers,Dalal Street, Fort,Mumbai - 400 001	Metropolitan Stock Exchange ofIndia Ltd.,Vibgyor Towers, 4thFloor, Plot No.C62, G - Block, Opp. Trident Hotel,Bandra Kurla, Complex, Bandra (E),Mumbai – 400098
	BSE Scrip Code: 540073	MSE Scrip Symbol: BLS

Subject: Outcome of the meeting of Nomination and Remuneration Committee held on October 29, 2021

Dear Sir,

In accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we hereby inform you that a meeting of the Nomination and Remuneration Committee of BLS International Services Limited (the “Company”) was held today i.e. October 29, 2021, has granted 1,17,000 Stock Options convertible into equal number of equity shares of the Company of face value of Re.1/- each, to the eligible employees of the Company and its subsidiary Company under the “ BLS International Employee Stock Option Scheme – 2020 ” (“Scheme”) .

The terms of grant inter-alia are as under:

S. No.	Particulars	Description
1.	Brief details of options granted	Grant of 1,17,000 Options to eligible employees of theCompany and its subsidiary Company under the “BLSInternational Employee Stock Option Scheme– 2020”.
2.	Whether the scheme is in terms ofSEBI (SBEB) Regulations, 2014 (ifapplicable)	Yes
3.	Total number of shares covered bythese options	1,17,000 Equity shares of face value of Re. 1/- (Deemingall granted options are vested and exercised.) EachOption is convertible into one Equity Share of theCompany.

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4.	Exercise Price	Under the Scheme, the exercise price of the Shares willbe based on the Market Price of the Shares. In case ofsecondary acquisition of shares, the exercise price may bedetermined on the basis of the average cost of acquisitionof shares of the Trust.Further, the Committee has power to provide suitablediscount or charge premium on such price as may bedetermined above.Accordingly, the Committee has decided to grant theoption at discount to market rate and the exercise pricewas determined as Rs 121/- per option.
5.	Options vested	Not Applicable, as this disclosure is pertaining to grant ofOptions under the Scheme.
6.	Time within which option may beexercised	All Vested Options shall be exercisable within One yearfrom the date of last Vesting of Options.
7.	Options exercised	Not Applicable, as this disclosure is pertaining to grant ofOptions under the Scheme.
8.	Money realized by exercise ofoptions	Not Applicable, as this disclosure is pertaining to grant ofOptions under the Scheme.
9.	The total number of shares arising asa result of exercise of option	1,17,000 Equity Shares of face value Re. 1/- each will arisedeeming all granted options are vested and exercised.
10.	Options lapsed	Not Applicable, as this disclosure is pertaining to grant ofOptions under the Scheme.
11.	Variation of terms of options	Not Applicable
12.	Brief details of significant terms	The Scheme is administered by Nomination &Remuneration Committee.The grant of Options by the Committee is based upon theeligibility criteria mentioned in the Scheme.The granted Options shall be vested within minimumperiod of 1 year and maximum period of 3 years from thedate ofgrant.

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Under this Scheme, the exercise price of the Shares will be based on the Market Price of the Shares. In case of secondary acquisition of shares, the exercise price may be determined on the basis of the average cost of acquisition of shares of the Trust.

• The Committee has power to provide suitable discount or charge premium on such price as arrived above.

• 1. Subsequent changes or cancellation Not Applicable, as this disclosure is pertaining to grant of or exercise of such options Options under the Scheme.
• 1. Diluted earnings per share pursuant Not Applicable, as this disclosure is pertaining to grant of to issue of equity shares on exercise Options under the Scheme. of options

This is for your kind information and Records.

You are requested to take the same on your records.

For BLS International Services Limited

Dharak Digitally signed by Arvind Dharak Arvind Mehta Date: 2021.10.29 Mehta 19:56:42 +05'30'

……………………… Dharak A. Mehta Company Secretary and Compliance Officer ICSI Membership No.: ACS40502

Encl: as above

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