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.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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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 ALAKA D stN re: ec t= =I AN 2, p 6o 0s 6t ,a GlC Eo Nd Ee S= IS5 6 E0 C1 O0 S0 P, Hst E= RK EA ,NRN EEA LT AA DK RA I, ROAD, ELECTRONIC CITY PHASE 1, ,BENGALURU,BANGALORE ,560100, l=BENGALURU, o se= rP iae lNrs uo mna bl, e r=517305e83ff4a6366a89606c6671b801 CHANDAa pf s4 e5 u6 df o96 n5 ya m8 =6 12 47 9d 98 6b fc d6 db f7 06 44 98 47 abae 1f 89 58 cc 9a 6, 6cfd6e74505, 2 f7.5 7. 04 6.2 d0 9= b7 29 be 90 12 a5 30 15 3a 40 c7 a7 31 82 ea df 1e c1 bb f3 27ae7d3cd50c1df1d 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 [Showing first 8,000 characters — download PDF for full document]