BLS Worldwide debarred from MEA tenders for 2 years; current contracts unaffected

The Ministry of Exterior Affairs (MEA) has barred BLS Worldwide from collaborating 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 is not going to have an effect on its current 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 sooner or later, as per the regulation,” the corporate mentioned in its alternate submitting.

“We want to inform you that BLS Worldwide Providers Ltd. (‘Firm’) has obtained 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 secure

The restriction doesn’t affect BLS Worldwide’s current initiatives with the MEA and Indian Missions overseas. The corporate assured stakeholders that every one present contracts stay legitimate and operational.

“The prevailing contracts presently being executed by the Firm for the MEA and Missions/Posts overseas shall proceed to stay unaffected by the above-mentioned order,” BLS said. The corporate additionally famous that there will likely be no instant disruption to its enterprise. “There is no such thing as a monetary or operational affect on the Firm because of the 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 classes, the inventory has rallied greater than 2.5 per cent. Nevertheless, the broader 30-day development reveals a decline of over 8.5 per cent. Yr-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 current 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 Q1 FY26 outcomes, Indian Missions contributed roughly 12 per cent to consolidated income and eight per cent to EBITDA, in response to the corporate.

Addressing the state of affairs, the corporate mentioned it’s actively working towards a decision. “The corporate views this as a procedural improvement inside the visa outsourcing trade and stays assured of a constructive decision sooner or later,” it added.

“The corporate continues to keep up its progress trajectory, underpinned by sturdy enterprise fundamentals and a well-balanced world portfolio,” the assertion learn.