The Ministry of External Affairs took strong action against the company, imposing a two-year ban

News Topical, Digital Desk : BLS International informed the stock market on Saturday that the Ministry of External Affairs (MEA) has barred the company from participating in all upcoming MEA and Indian mission tenders for two years. This means that the company will not be able to participate in any new MEA tenders for the next two years. This means that the company will not be able to bid for any new MEA projects or contracts.

The company stated in an exchange filing on October 10 that it received this information from the Ministry of External Affairs. Following this order from the Ministry of External Affairs, technical solutions company BLS International will not be able to participate in any future tenders from the Ministry of External Affairs and India's foreign missions. The reason for this ban is various allegations, including complaints from passport applicants and court cases.

Business operations will not be impacted. The company stated that it will assess the order and seek a solution through legal means. The company also clarified that this order will not impact its current business operations with the Ministry of External Affairs, and therefore, will not affect the company's financial performance. Company management has not yet issued an official statement on the matter, and the Ministry of External Affairs has not commented.

About the Company: BLS International is a New Delhi-based technical solutions company that provides outsourced services to governments. It specializes in visa, passport, and consular services and is a global partner of embassies and governments in several countries.

Stock Performance: The company's shares closed at ₹337.90 on Friday, up 0.18%. Over the past year, the company's shares have declined 6.84%.