TeamLease Services Ltd

TeamLease Services Ltd has provided an update on the legal proceedings initiated by TeamLease Skills University (TLSU) against an order from the Employees' Provident Fund Organisation (EPFO). The matter, concerning whether trainees under the National Employability Enhancement Mission (NEEM) are covered under the EPF Act, was heard by the Gujarat High Court. An affidavit-in-reply was filed by the EPFO, reiterating its stance. The court received the reply, and the hearing has been adjourned to November 30, 2026. TLSU disagrees with the EPFO's assertions and is pursuing its legal remedies, maintaining a strong case.

TeamLease Services Ltd has been assigned an ESG rating of "SES ESG SCORE 70.4", translating to a B+ overall ESG rating by SES ESG Research Pvt. Ltd. This rating was independently prepared by SES ESG Ratings based on publicly available information and their assessment methodologies. The company has made this information available on its website.

TeamLease Services Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from October 1, 2026, until 48 hours after the upcoming Board Meeting, which is scheduled to conclude on November 9, 2026. The purpose of the Board Meeting is to consider the Unaudited Financial Results for the quarter and half-year ending September 30, 2026. Further updates regarding the reopening of the trading window and the exact date of the Board Meeting will be communicated in due course.

TeamLease Services Ltd has announced the incorporation of a step-down wholly owned foreign subsidiary in the United States of America, named "TL Business Solutions Inc.". This new entity was incorporated on September 23, 2026, under the laws of Delaware. The subsidiary is wholly owned by TeamLease Digital Private Limited, which is itself a wholly owned subsidiary of TeamLease Services Limited. The incorporation aims to expand the company's staffing and business solutions into international markets, particularly the US, and enhance its global presence. Financial details like size and turnover are not yet available as the corporation is newly formed. The promoters and promoter group do not have any direct interest in this incorporated entity, and the concept of arm's length is not applicable as it is a wholly owned subsidiary.

TeamLease Services Ltd announced the completion of its exit from its joint venture, Crystal HR and Security Solutions Private Limited. Crystal HR completed the buyback of 1,200 equity shares tendered by TeamLease. This extinguishment, effective September 21, 2026, results in TeamLease's shareholding in Crystal HR becoming NIL. Consequently, Crystal HR ceases to be a joint venture of TeamLease. This transaction marks the final step in the divestment of TeamLease's entire 30% stake in Crystal HR, which also involved the prior transfer of 1,800 equity shares.

TeamLease Services Ltd conducted its 26th Annual General Meeting (AGM) on September 18, 2026, via Video Conferencing. The meeting successfully transacted and approved ordinary business items, including the adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026, along with the Auditor's Report and the Board of Directors' Report. Additionally, Mr. Manish Sabharwal, who retired by rotation, was re-appointed as a Director. The proceedings included the disclosure of voting results as per SEBI LODR Regulations.

TeamLease Services Ltd has provided an update on the appeal filed by its subsidiary, TeamLease Skills University (TLSU), with the Hon'ble High Court of Gujarat. The appeal stems from an order issued by the Employees' Provident Fund Organisation (EPFO). The matter was listed for hearing on September 1, 2026, and remained at the notice stage. The Court granted time for the respondents to appear, and the hearing has been adjourned to September 22, 2026. This update follows previous intimations filed on May 6, 2026, and August 11, 2026, regarding the EPFO order.

TeamLease Services Ltd has announced a change in the hearing date for a writ petition filed on June 12, 2026, before the Hon'ble High Court of Karnataka. The petition was filed in response to an Order-in-Appeal dated January 30, 2026, from the Commissioner of CGST & Central Excise (Appeals-III), Mumbai. The company received intimation on August 29, 2026, that the writ petition is now scheduled for hearing on October 27, 2026. TeamLease stated it will continue to pursue appropriate legal recourse and ensure compliance with applicable laws and regulations. Further material developments will be communicated.

TeamLease Services Limited has announced its 26th Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 03:00 P.M. IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with MCA and SEBI circulars. The Notice of the AGM and the Annual Report for FY 2025-26 have been dispatched electronically to members and are also available on the company's website. Key dates include a cut-off for AGM notice eligibility on August 21, 2026, and for voting eligibility on September 11, 2026. Remote e-voting will be open from September 15 to September 17, 2026. Shareholders can submit questions 48 hours prior to the AGM.

TeamLease Services Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as mandated by SEBI LODR Regulations. This report, forming part of the Integrated Annual Report, details the company's performance across Environmental, Governance, and Social (ESG) themes. TeamLease has voluntarily adopted BRSR reporting since FY22, ahead of the mandate for top 1000 companies. The report emphasizes the company's commitment to ethical conduct, sustainable practices, employee well-being, stakeholder responsiveness, human rights, environmental protection, responsible policy engagement, inclusive growth, and consumer value.