The impact of this move is negligible on our financials as the Canadian visa issuance business contributes less than 2% to BLS International's total annual revenue.

The announcement was made during market hours today.

BLS International Services is global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security.

The company's consolidated net profit rose 126.16% to Rs 68.91 crore in the quarter ended June 2023 as against Rs 30.47 crore during the previous quarter ended June 2022. Sales rose 40.57% to Rs 383.49 crore in Q1 FY24 over Q1 FY23.