NSEGeneral Updates3d ago · 22 Sept 2026, 04:28 pm
General Updates
Teamlease Services Limited · TEAMLEASE
✦ AI SummaryDivestiture
TeamLease Services Limited has completed the buyback of 1,200 equity shares by its joint venture company, Crystal HR and Security Solutions Private Limited, as per the exit agreement. This marks the completion of the company's exit from Crystal HR.
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Full Announcement
TeamLease Extinguishment of 1,200 Equity Shares pursuant to Buyback by Joint Venture Company, Crystal HR and Security Solutions Private Limited ( Crystal HR )
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TEAMLEASE_22092026162654_TeamLeaseIntimationonExtinguishmentofCrystalSecurities.pdf
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September 22, 2026
To To
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot no. C/1, G Block,
Mumbai - 400 001 Bandra Kurla Complex, Bandra(E),
Mumbai - 400 051
Scrip Code: 539658 Scrip Code: TEAMLEASE
Dear Sir/Ma’am,
Sub: TeamLease Services Limited (“TeamLease/Company”) – Extinguishment of 1,200 Equity Shares
pursuant to Buyback by Joint Venture Company, Crystal HR and Security Solutions Private
Limited (“Crystal HR”)
Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
2. SEBI Intimation filed dated August 20, 2026, pertaining to Divestment of entire stake in
Joint Venture Company; Crystal HR and Security Solutions Private Limited (Enclosed as
Annexure A)
3. SEBI Intimation filed dated August 13, 2026, pertaining to Execution of Exit Agreement
with Joint Venture Company; Crystal HR and Security Solutions Private Limited (Enclosed
as Annexure B)
4. SEBI Intimation filed dated July 29, 2026, pertaining to Divestment of entire stake in Joint
Venture Company; Crystal HR and Security Solutions Private Limited (Enclosed as
Annexure C)
With reference to the above and in continuation of our intimations dated July 29, 2026, August 13,
2026, and August 20, 2026, we wish to inform you that Crystal HR has completed the Buyback of its
Equity Shares, pursuant to which 1,200 Equity Shares of Crystal HR tendered by the Company in the
Buyback have been accepted and extinguished by Crystal HR with effect from September 21, 2026.
Pursuant to the aforesaid extinguishment, the shareholding of the Company in Crystal HR stands at
NIL and Crystal HR ceases to be a joint venture of the Company, with effect from September 21,
2026.
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka – 560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
The aforesaid transaction marks completion of the Company's exit from Crystal HR and Security
Solutions Private Limited.
Kindly take the above information on record as per SEBI LODR Regulations, 2015, and oblige.
Thank You.
Yours faithfully,
For TeamLease Services Limited
Alaka Chanda
Company Secretary and Compliance Officer
Membership No.: F10911
Encl: As stated above
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka – 560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
August 20, 2026
To To
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot no. C/1, G Block,
Mumbai - 400 001 Bandra Kurla Complex, Bandra(E),
Mumbai - 400 051
Scrip Code: 539658 Scrip Code: TEAMLEASE
Dear Sir/Ma’am,
Sub: TeamLease Services Limited (TeamLease/Company) – Divestment of entire stake in Joint
Venture Company; Crystal HR and Securities Solutions Private (“Crystal HR”)
Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
2. SEBI Intimation filed dated July 29, 2026, pertaining to Divestment of entire stake in
Joint Venture Company; Crystal HR and Securities Solutions Private Limited (Enclosed
as Annexure A).
3. Execution of Exit Agreement with Joint Venture Company; Crystal HR and Securities
Solutions Private Limited (“Crystal HR”) (Enclosed as Annexure B).
With reference to the above and in continuation of our intimations dated July 29, 2026, and August 13,
2026, we wish to inform you that the Company has initiated the exercise of its’ exit option under the Exit
Agreement dated August 12, 2026, entered into between the Company and Crystal HR.
The structure of the complete exit transaction is detailed below:
Total stake Divested: 30% Shareholding in Crystal HR (Comprising a total of 3,000 Equity Shares).
Particulars Current Status
Mode of Transfer (Part 1): Transfer of 1,800 The transfer of the initial 1,800 Equity Shares to
Equity Shares by TeamLease Services Limited and Ms. Srividya V has been successfully executed, and
its Nominees to Ms. Srividya V, one of the the corresponding shares are in the process of
Promoters of Crystal HR has been initiated on being credited to the beneficiary's account.
August 20, 2026.
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka –
560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
Mode of Buyback (Part 2): Tender of the The remaining 1,200 Equity Shares have been
remaining 1,200 Equity Shares for Buyback by formally tendered for Buyback and will be
TeamLease. processed and credited/extinguished in due
course pursuant to applicable laws and the terms
of the Exit Agreement.
Upon completion of the Buyback process, Crystal HR will cease to be a joint venture entity of the Company.
Further material developments, if any, will be intimated to the Stock Exchange(s) in due course.
We request you to kindly take the above information on record.
Thank You.
Yours faithfully,
For TeamLease Services Limited
Digitally signed by ALAKA CHANDA
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email=ALAKANDHAWAN@GMAIL.COM, cn=ALAKA
CHANDA
Date: 2026.08.20 18:29:35 +05'30'
Alaka Chanda
Company Secretary and Compliance Officer
Encl: As state above
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka –
560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
August 13, 2026
To To
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot no. C/1, G Block,
Mumbai - 400 001 Bandra Kurla Complex, Bandra(E),
Mumbai - 400 051
Scrip Code: 539658 Scrip Code: TEAMLEASE
Dear Sir/Ma’am,
Sub: TeamLease Services Limited (TeamLease/Company) – Execution of Exit Agreement with
Joint Venture Company; Crystal HR and Securities Solutions Private Limited (“Crystal HR”)
Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
2. SEBI Intimation filed dated July 29, 2026, pertaining to Divestment of entire stake in
Joint Venture Company; Crystal HR and Securities Solutions Private Limited (Enclosed
as Annexure A).
With reference to the above and in continuation of our intimation dated July 29, 2026, we wish to inform
you that the Company has entered into an Exit Agreement dated August 12, 2026, with Crystal HR and
Securities Solutions Private Limited, pursuant to the exercise of the exit option under the Share Purchase
Agreement dated January 06, 2025 ("SPA") entered into between the Company and Crystal HR.
The execution of the Exit Agreement
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