BLS International Share Price Plummets 10.87% Amid Visa Processing Irregularity Allegations

BLS International Services, a global visa and passport outsourcing company, saw its share price plummet by 10.87% to Rs 241.90 on August 24, 2026, following media reports alleging irregularities in Visa processing.

The allegations claimed that the company was involved in irregularities related to visa processing, but BLS International categorically denied any wrongdoing, stating 'there is no evidence establishing any wrongdoing by BLS International or its employees in relation to the issuance of visas.'

In a clarification statement, the company emphasized the limited and administrative scope of its role in the visa processing chain, stating that 'all decisions relating to the processing and issuance or refusal of visas rest solely with the relevant diplomatic and consular authorities.'