Shares of BLS International Services Ltd fall nearly 18% in the morning trade Monday after disclosing that the company has been barred by Indian ministry of external affairs (MEA) from participating in all future tenders of MEA and India Mission abroad for two years. The scrip crashed as much as 17.85% to hit a 52-week low of Rs277 per share on BSE during the opening trade. It however, recovered and ended Monday 11.21% down at Rs299.40 on BSE, while the benchmark Sensex closed flat at 82,327.05 points. In a regulatory filing on Saturday, BLS International stated the order for debarment has been issued due to allegations, including court cases and complaints of applicants. "This development does not impact the company’s current financials or ongoing operations. All existing contracts

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