BLS International plunged to a 52-week low at Rs 276.95 on October 13, 2025 after the Ministry of External Affairs irestricted the company from participating in new Indian Mission tenders for two years.
BLS International share have been under pressure down 11.98% on October 13, at 9:51 am. The market capitalisation for BLS International stood at Rs 12,218 crore on NSE.
The MEA directive, dated October 9, bars BLS from participating in new tenders for Indian Missions abroad for two years. The company filed a regulatory response on October 11 stressing that existing contracts remain active. “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. Additionally, the order will not have any significant bearing on the company’s financial outlook,” the filing stated.
The company has been part of a competitive field that includes entities like VFS Global and others operating in government-linked outsourcing services. In that context, a two-year exclusion acts not just as a pause but as an opening for competitors to occupy market share.
Indian Missions accounted for roughly 12% of consolidated revenue and about 8% of EBITDA in Q1FY26, according to the company. The MEA restriction therefore trims future revenue visibility but does not annul current cash flows.
What did BLS International say
BLS called the action “procedural” and said it is pursuing resolution. “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 filing adds.
BLS International share price trend
BLS International share price has dropped 21% in one month, over 24% in three months, 19% in six months and about 40% year-to-date. That volatility follows a five-year rally that delivered roughly 1,455% to shareholders.
As a result of this restriction, competitors have a clear opportunity to capture tenders that BLS cannot bid on for two years.