BLS International Stock Plunges 13% Amid Visa Allegations
By Business Desk
BLS International shares dropped 13% to ₹236.85 on August 24, 2026, nearing a 52-week low despite the company refuting visa irregularity claims.
BLS International Services shares plummeted 13% on Monday, August 24, 2026, amidst significant trading volumes. The stock traded at ₹236.85 on the BSE, nearing its 52-week low.
Key Market Metrics
- Stock traded at ₹236.85 on the BSE.
- Trading volume reached 20.92 million equity shares.
- This volume represented 5% of the company’s total equity.
- The stock approached its 52-week low of ₹218.45, previously recorded on March 23, 2026.
The substantial decline occurred despite BLS International rejecting allegations of its involvement in visa irregularities, which had been reported by certain media outlets. The company issued a statement to clarify its operational role.
Company Clarification
BLS International emphasized its strictly administrative function in visa processing, adhering to the requirements of competent authorities. Decisions regarding visa issuance or refusal rest solely with diplomatic and consular bodies.
The company reiterated its strong commitment to high standards of integrity, transparency, and compliance. This statement aimed to address the negative sentiment impacting the stock.
Q1FY27 Financial Performance
- Visa & Consular Services: 21.6% revenue growth.
- Visa & Consular Services: 21.5% EBITDA increase.
- Digital Services: 32.2% increase in revenue.
- Digital Services: 45.5% rise in EBITDA.
These robust financial results for Q1FY27 were attributed to strategic investments in technology and digital capabilities. Despite this strong performance, the market reacted sharply to the external allegations.