Shares of BLS International Services Ltd. tanked as much as 17% on Monday, October 13, after the recent developments regarding future tenders with the Ministry of External Affairs.

Over the weekend , the company said it has been debarred from participating in any future tender with the Ministry of External Affairs (MEA) for the next two years.

The ministry issued the debarment order based on allegations, including court cases and multiple complaints from passport applicants. BLS International said it would assess the order and rely on legal remedies to address the issue.

It clarified that its current operations and businesses with the MEA would not be affected, thereby not affecting its financial performance either.

In the first quarter of the financial year 2026, Indian Missions co

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