BLS International Shares Plummet 17 Percent Following Two-Year MEA Tender Ban
BLS International Services Ltd. experienced a significant decline in its share price, dropping by 17% on Monday, October 13, 2025. This sharp fall came after the company was debarred from participating in future tenders with the Ministry of External Affairs (MEA) for a period of two years.
Details of the Debarment
The decision by the MEA follows allegations against BLS International, which include ongoing court cases and complaints from passport applicants. The company expressed its intent to review the debarment order and seek legal remedies to contest the ruling.
Impact on Operations
Despite the debarment, BLS International reassured stakeholders that its current operations with the MEA would remain unaffected. The company does not expect this issue to harm its financial performance.
Financial Contributions
In the first quarter of the financial year 2026, Indian Missions accounted for 12% of BLS International’s consolidated revenue. Additionally, they represented 8% of the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA).
Stock Performance
On the day of the announcement, BLS International’s shares traded at ₹280.35 each, marking a notable 17% decline. This downturn is part of a larger trend, with the stock now down 30% year-to-date as trading commenced on Monday.
About BLS International
- Founded in New Delhi, India.
- Specializes in visa, passport, and consular services.
- Acts as a global partner for embassies and government services.
The recent developments pose significant challenges for BLS International, highlighting the company’s reliance on government contracts and the sensitive nature of its services.
