BLS International Shares Plummet 17% on Ban from MEA 

October 13, 2025October 13, 2025

Shares of BLS International Services Ltd crashed 17% on Monday, 13 October, after the Ministry of External Affairs (MEA) barred the company from participating in future tenders by the ministry and the India Mission overseas for two years.

BLS International Services told investors about the newest MEA order in an exchange filing filed after the market closed on Saturday, 11 October. 

It did, however, state that the order will have no effect on existing contracts, which will continue as previously agreed. “All existing contracts with Indian Missions across the globe remain valid and continue to operate as scheduled. Additionally, the order will not have any significant bearing on the company’s financial outlook,” the company said.

The injunction was issued in response to claims, which included court cases and complaints from applicants. This debarment will not have an impact on the company’s ongoing operations, and the corporation is considering legal action against it, according to BLS International.

Notably, during the first quarter of FY26 (April-June), Indian Missions accounted for over 12% of consolidated revenue and roughly 8% of EBITDA. “The company is working to resolve the matter. The company views this as a procedural development within the visa outsourcing industry and remains confident of a constructive resolution in due course,” it added.

“Over the past few years, BLS International has strategically diversified its business portfolio, securing new and renewed contracts with key government and institutional clients across the United States, United Arab Emirates, Spain, Slovakia, Hungary, Poland, Portugal, and through the UIDAI project in India. The company further strengthened its overall business momentum by acquiring iDATA and Citizenship Invest during the last financial year. This diversification has strengthened its revenue mix and reinforced the company’s resilience against regional developments,” BLS said.

“The company continues to maintain its growth trajectory, underpinned by robust business fundamentals and a well-balanced global portfolio. BLS International remain committed to delivering value to its investors and stakeholders,” it added.

At 1:42 pm, the shares of BLS International were trading 11.36% lower at Rs 298.85 on NSE.

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