BLS International Clarifies MEA Debarment, Says It Won’t Impact Operations or Finances

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BLS International Addresses MEA Debarment Concerns

In relation to the recent debarment by the Ministry of External Affairs (MEA), BLS International Services Ltd. has issued a public clarification. The company stated in a recent exchange filing that they are “actively working towards resolving the MEA debarment issue.”

Impact of Debarment on BLS International

The company remains optimistic about this development and sees it as a routine procedural matter within the visa outsourcing industry. The company’s statement included, “We remain confident of a positive outcome in due course”. Furthermore, the filing emphasized that the MEA debarment will not significantly affect the company’s current financial situation or ongoing operations. All contracts with Indian Missions worldwide remain valid and will continue to operate as planned.

MEA Debarment Details and the Company’s Future

The MEA debarment, issued on October 9, 2025, prevents BLS International from participating in future tenders and contracts for Indian Missions abroad for a two-year period. The MEA cited several reasons for this action, including court cases and complaints received from applicants against the company. This suspension does not allow BLS International to bid on any new MEA-related projects, both domestically and globally.

Company’s Financial Outlook Post Debarment

The impact of Indian missions on the company’s consolidated revenue and Ebitda in the first quarter of fiscal 2026 was reported as 12% and 8% respectively. BLS, however, emphasized that its diversified portfolio has strengthened its revenue mix and increased its resilience against regional developments.

Diversification Strategy of BLS International

The company stated, “Over the past few years, BLS International has strategically diversified its business portfolio, acquiring new and renewed contracts in countries like the United States, United Arab Emirates, Spain, Slovakia, Hungary, Poland, Portugal, and through the UIDAI project in India.” The acquisition of iDATA and Citizenship Invest in the last fiscal year further bolstered its business momentum.

BLS International’s Stock Performance

The company’s stock closed 0.04% lower at Rs 337.15 per share on the NSE, a decline compared to the 0.41% gains of the Nifty 50 at close on Friday.

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