BLS International Shares Today: Jump 8% After MEA Contract Win

BLS International shares rose sharply by 8% on October 16, following the announcement of a new contract from the Ministry of External Affairs (MEA). The contract tasks the company with setting up and operating Indian visa application centres in China, covering Beijing, Shanghai, and Guangzhou.

Market Performance

The share price recovery comes after a recent dip earlier this week. Key market movements:

• Current share price rise: 8%
• Earlier decline (October 13): Around 18%, hitting a 52-week low
• Market reaction: Positive following the MEA contract announcement

This rebound reflects investor focus on new business wins that reinforce BLS International’s operational footprint.

Main News: MEA Contract

The MEA contract, valid for three years starting October 14, involves establishing and managing visa application centres in three major Chinese cities.

• Locations: Beijing, Shanghai, Guangzhou
• Contract duration: 3 years
• Start date: October 14

The company confirmed in a filing that existing contracts with Indian Missions globally remain unaffected, continuing as per their terms.

BLS International also highlighted that the order does not have any significant impact on its financial performance, reaffirming the stability of its ongoing operations.

Company Details

BLS International clarified the context behind the recent MEA action:

• Previous debarment was due to allegations, court cases, and applicant complaints
• The company is evaluating appropriate legal steps
• Existing contracts remain fully operational, contributing to revenue and EBITDA

Notably, during Q1FY26 (April-June):

• Indian Missions contributed 12% of consolidated revenue
• Indian Missions accounted for 8% of EBITDA

This highlights the significance of MEA-related operations in BLS International’s overall business.

Summary

BLS International’s 8% share price surge underscores the market’s positive response to the MEA contract win in China. Despite previous operational challenges, the company’s existing contracts remain intact, ensuring continuity in revenue and EBITDA contributions.

The new contract strengthens BLS International’s global presence in visa application services, particularly in China, while maintaining stable financials amid regulatory updates.