BLS International Services has received notices from the Government of Punjab regarding the termination of the Master Services Agreement (MSA). The agreement was terminated by Government of Punjab in view of their precarious financial position and their inability to pay dues as per their commitment. No deficiency in service on company's part has been reported for termination of the contract.
The company is engaged with the Government of Punjab regarding the process of closure of the contract, and the payment of dues over a period of next 6 months. The company is also in discussion with the Government to see the possibility of continuing the contract at a reduced scale.
In addition, the company is looking at an alternative delivery mechanism for various non Government services to the citizens of Punjab, and other States, to continue along its growth path.
BLS International Services provides outsourcing and technology services for governments and their diplomatic missions worldwide.