Questions across 2 calls

Shreya Kejriwal

Moneyvesta Wealth Management

BLS International Services Limited

BLS International Services Limited CC-Feb26.pdf · 2026-02-06

Congratulations on the great results. I want to understand the revenue growth split between organic and inorganic. And also, regarding the EBITDA margin, as I see that it has been like contracted on year-on-year basis. So, could you elaborate on the key drivers behind this? And how should we think about the margin normalization going ahead?

Yes. So my second question was regarding the EBITDA margin. As I see that on year-on-year basis, the margin has been contracted. So like what's the key driver behind this? Like how should we think about the margin normalisation going forward?

Central Depository Services (India) Limited

Central Depository Services (India) Limited CC-Feb26.pdf · 2026-02-02

So, my question is regarding the yesterday's news regarding the hike in the security transaction charges. So, could you share your views on how this might impact the CDSL revenue? So, this is my first question. And my second question is around the IPO and Corporate Action segment. This revenue is like around 2% to 3%. The growth has not been so promising. So, could you talk about the potential tailwinds you foresee for this segment going forward?