BLS International shares tumble up to 18%; here is why

However, this debarment shall not affect the existing contracts and shall continue as per the existing terms.

The stock of the company, in the early trade, crashed as much as 17.8% to ₹276.95 on the NSE.

In its clarification, BLS International said the development does not impact the company’s current financials or ongoing operations. All existing contracts with Indian Missions across the globe remain valid and continue to operate as scheduled.

Additionally, the order will not have any significant bearing on the company's financial outlook.

In Q1 FY26, Indian Missions contributed ~12% to the consolidated revenue and ~8% of EBITDA of the company.

It added that the company is working to resolve the matter. The company views this as a procedural development within the visa outsourcing industry and remains confident of a constructive resolution in due course.

Over the past few years, BLS International, the company said, has strategically diversified its business portfolio, securing new and renewed contracts with key government and institutional clients across the United States, the United Arab Emirates, Spain, Slovakia, Hungary, Poland, Portugal, and through the UIDAI project in India.

The company further strengthened its overall business momentum by acquiring iDATA and Citizenship Invest during the last financial year. This diversification has strengthened its revenue mix and reinforced the company's resilience against regional developments, it added.

About BLS International Services

BLS International Services is a global tech-enabled services partner for governments and citizens. The company functions in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005.