As a result of this action from MEA, the company cannot take part in future tenders of MEA and the India Mission abroad.
The order for debarment has been issued on the account of allegations, including court cases and multiple complaints from passport applicants. The company added that it will assess the order and rely on legal remedies to address the issue. While the order takes effect, the company clarified and underscored that its current operations and businesses with the MEA will not be affected, and thereby will not affect the company’s financial performance either.
It may also be noted that in Q1FY26, Indian Missions contributed ~12% to the consolidated revenue and ~8% of EBITDA of the company.The company issued a statement in the matter. In an exchange filing, the company said, “This development does not impact the company’s current financials or ongoing operations. All existing contracts with Indian Missions across the globe remain valid and continue to operate as scheduled.”
The statement further added, “Additionally, the order will not have any significant bearing on the company’s financial outlook. 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.”
The New Delhi-based company is known for providing outsourced services for governments. It specialises in visa, passport, and consular services. BLS is also a global partner for embassies and governments.
When we look at the company shares, BLS International’s stock dipped marginally on the last trading day of the previous week (Friday). There was a decline of ₹0.10 or 0.03% in the share price. The company’s shares have seen a decline of 6.05% in the past 6 months. The current share price stands at ₹337.20.
Read Also: Mahindra Lifespaces acquires land with development potential of ₹3,500 crore in Pune
First Published: Oct 11, 2025 6:02 PM IS
