BLS International debarred from MEA tenders for two years; existing contracts unaffected

The Ministry of External Affairs (MEA) has barred BLS International from participating in any future MEA tenders or those of Indian Missions abroad for two years, the company said in a BSE filing on Saturday. The company added that the debarment will not affect its existing contracts.

The MEA issued the order on October 9, citing several reasons for the action. According to BLS International, the move follows allegations related to court cases and complaints from applicants. “The company is evaluating the order and will take appropriate action to address it in due course, as per the law,” the company said in its exchange filing.

“We wish to inform you that BLS International Services Ltd. (‘Company’) has received an order dated October 9, 2025, from the Ministry of External Affairs, Government of India, whereby the Company is debarred from participation in any tenders issued by MEA and Missions/Posts abroad for a period of two years,” the company disclosed.

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Ongoing contracts safe

The restriction does not impact BLS International’s existing projects with the MEA and Indian Missions abroad. The company assured stakeholders that all current contracts remain valid and operational.

“The existing contracts currently being executed by the Company for the MEA and Missions/Posts abroad shall continue to remain unaffected by the above-mentioned order,” BLS stated. The company also noted that there will be no immediate disruption to its business. “There is no financial or operational impact on the Company due to the said order,” the filing noted.

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BLS International stock performance

The company's shares closed marginally higher at Rs 337.90 on Friday, gaining 0.18 per cent. Over the past five trading sessions, the stock has rallied more than 2.5 per cent. However, the broader 30-day trend shows a decline of over 8.5 per cent. Year-to-date, the stock has dropped sharply, losing more than 30 per cent of its value.

What did BLS International say in its clarification?

Following the development, the company issued a clarification stating that it will not affect its current financials or ongoing operations. “All existing contracts with Indian Missions across the globe remain valid and continue to operate as scheduled,” the company said in its official statement.

BLS also noted that the order would not materially impact its financial outlook going forward. In its Q1 FY26 results, Indian Missions contributed approximately 12 per cent to consolidated revenue and 8 per cent to EBITDA, according to the company.

Addressing the situation, the company said it is actively working toward a resolution. “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.

“The company continues to maintain its growth trajectory, underpinned by robust business fundamentals and a well-balanced global portfolio,” the statement read.