New Delhi, Oct. 13 -- BLS International Services share price crashed over 17% to hit a 52-week low on Monday after the company was debarred by the Government of India from participating in future tenders of the Ministry of External Affairs (MEA) and India Missions abroad for a period of two years. BLS International shares plunged as much as 17.85% to Rs.277 apiece on the BSE.

The Ministry of External Affairs (MEA), on October 9, had issued a directive to BLS International Services restricting the company from participating in new Indian Mission tenders for a period of two years.

However, the company clarified that the ministry order did not impact its ongoing operations and will not have significant bearing on the financials.

"This dev...