The Ministry of Exterior Affairs (MEA) has barred BLS Worldwide from taking part in any future MEA tenders or these of Indian Missions overseas for 2 years, the corporate mentioned in a BSE submitting on Saturday. The corporate added that the debarment won’t have an effect on its present contracts.
The MEA issued the order on October 9, citing a number of causes for the motion. In line with BLS Worldwide, the transfer follows allegations associated to court docket circumstances and complaints from candidates. “The corporate is evaluating the order and can take acceptable motion to handle it in the end, as per the regulation,” the corporate mentioned in its trade submitting.
“We want to inform you that BLS Worldwide Companies Ltd. (‘Firm’) has acquired an order dated October 9, 2025, from the Ministry of Exterior Affairs, Authorities of India, whereby the Firm is debarred from participation in any tenders issued by MEA and Missions/Posts overseas for a interval of two years,” the corporate disclosed.
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Ongoing contracts protected
The restriction doesn’t affect BLS Worldwide’s present tasks with the MEA and Indian Missions overseas. The corporate assured stakeholders that each one present contracts stay legitimate and operational.
“The present contracts at the moment being executed by the Firm for the MEA and Missions/Posts overseas shall proceed to stay unaffected by the above-mentioned order,” BLS acknowledged. The corporate additionally famous that there might be no instant disruption to its enterprise. “There is no such thing as a monetary or operational affect on the Firm as a result of mentioned order,” the submitting famous.
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BLS Worldwide inventory efficiency
The corporate’s shares closed marginally larger at Rs 337.90 on Friday, gaining 0.18 per cent. Over the previous 5 buying and selling periods, the inventory has rallied greater than 2.5 per cent. Nonetheless, the broader 30-day development reveals a decline of over 8.5 per cent. 12 months-to-date, the inventory has dropped sharply, shedding greater than 30 per cent of its worth.
What did BLS Worldwide say in its clarification?
Following the event, the corporate issued a clarification stating that it’s going to not have an effect on its present financials or ongoing operations. “All present contracts with Indian Missions throughout the globe stay legitimate and proceed to function as scheduled,” the corporate mentioned in its official assertion.
BLS additionally famous that the order wouldn’t materially affect its monetary outlook going ahead. In its Q1FY26 outcomes, Indian Missions contributed roughly 12 per cent to consolidated income and eight per cent to EBITDA, based on the corporate.
Addressing the state of affairs, the corporate mentioned it’s actively working towards a decision. “The corporate views this as a procedural growth inside the visa outsourcing trade and stays assured of a constructive decision in the end,” it added.
“The corporate continues to take care of its progress trajectory, underpinned by strong enterprise fundamentals and a well-balanced international portfolio,” the assertion learn.
About BLS Worldwide
Established in 2005, BLS Worldwide is a world outsourcing and expertise companies supplier, providing visa, passport, consular, citizen, and biometric companies to governments. It operates in over 70 nations, manages greater than 50,000 facilities, and processes tens of millions of purposes whereas adhering to worldwide high quality and knowledge safety requirements.
