BLS International Faces Govt Ban: Shares Plunge 18% – Analysts See 100% Upside?
Key facts: - India’s Ministry of External Affairs on Oct 9, 2025 barred BLS International from bidding on any new visa/passport outsourcing contracts with Indian embassies and missions for the next two yearsreuters.comeconomictimes.indiatimes.com. The MEA order cited unspecified court cases and applicant complaints as the reasonreuters.comeconomictimes.indiatimes.com. On Oct 9 the MEA quietly issued a directive barring BLS International Services Ltd. from participating in any new tenders issued by the Ministry of External Affairs or India Missions abroadreuters.comeconomictimes.indiatimes.com. The order cited undisclosed court cases and complaints against BLS’s service, but gave no detail on specific incidentsreuters.comeconomictimes.indiatimes.com. BLS confirmed the order over the weekend, and assured investors that “all existing contracts…remain valid and continue to operate as scheduled”moneycontrol.com. In practice, the ban only prevents BLS from bidding on future government contracts – current visa and passport centers run by BLS for various embassies and consulates will keep operating normallyeconomictimes.indiatimes.combusinesstoday.in.
