New Delhi: Shares of BLS International Services Ltd, a leading Indian digital visa and passport services provider, tumbled sharply on Monday, marking the company’s worst trading day since March 2020. The decline followed a directive from India’s Ministry of External Affairs (MEA) barring the firm from participating in government tenders for a two-year period. At 11:44 a.m. IST, BLS shares were down approximately 13% at ₹294.3, making it the top percentage loser on the 100-member Nifty small-cap index, which itself was down 0.5%.

The MEA’s order prevents BLS from bidding on tenders floated by the ministry and Indian Missions, which comprise India’s diplomatic and consular offices abroad. According to the company, the ban stems from ongoing court cases and complaints from applicants, alth

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