General Updates

September 24, 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) – Intimation on incorporation of a step-down wholly owned foreign subsidiary of the Company in the United States of America Ref: Intimation under Regulation 30 of Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015 read with Amendments (SEBI LODR Regulations, 2015) With reference to the captioned subject and pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, read with Schedule III (Part A) and any other applicable provisions of the SEBI LODR Regulations, 2015, read with its amendments, we wish to inform you that TeamLease Digital Private Limited ("TDPL"), a wholly owned subsidiary of TeamLease Services Limited, has incorporated a wholly owned foreign subsidiary in the United States of America under the name of "TL Business Solutions Inc.” ("the Corporation"), which has consequently become a step-down wholly owned foreign subsidiary of TeamLease Services Limited. The Corporation is incorporated on September 23, 2026, under the laws of the State of Delaware, United States of America. In compliance with Regulation 30 of SEBI LODR Regulations, 2015, SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, please find enclosed herewith the required disclosures in Annexure A. Kindly take the above said information on records as per the requirement of SEBI LODR Regulations, 2015 and oblige. Thanking You. Yours faithfully, For TeamLease Services Limited Alaka Chanda Company Secretary and Compliance Officer 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 ANNEXURE A Details under Regulation 30 of the SEBI LODR Regulations, 2015 read along with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 SL. PARTICULARS DETAILS 1 Name of the incorporated entity(s), Name: TL Business Solutions Inc., a wholly owned details in brief such as size, turnover foreign subsidiary incorporated by TeamLease Digital etc. Private Limited, wholly owned subsidiary of the Company. The Corporation is incorporated under the laws of the State of Delaware, United States of America. Authorized Capital: 1,050,000 shares of USD 0.10 par value each, aggregating to USD 105,000. Size and Turnover: Being a newly incorporated Corporation, financial details such as size and turnover are not yet available. 2 Whether the incorporation would Yes, the incorporated Corporation is a related party by fall within related party virtue of being a step-down wholly owned subsidiary of transaction(s) and whether the the Company. promoter/ promoter group/ group The promoters/promoter group do not have any direct companies have any interest in the interest in the incorporated Corporation. The entity(s) being incorporated? If yes, Corporation is a wholly owned subsidiary of TeamLease nature of interest and details Digital Private Limited, which is a wholly owned thereof and whether the same is subsidiary of TeamLease Services Limited. done at "arm's length" As the incorporation is of a wholly owned subsidiary, the concept of arm's length is not applicable at this stage. 3 Industry to which the entity(s) being Staffing, talent solutions and workforce management incorporated belongs services. 4 Objects and effects of incorporation The incorporation will facilitate expansion of the (including but not limited to, Company's staffing and business solutions in disclosure of reasons for international markets, particularly in the United States, incorporation/incorporation of and strengthen its global presence. target entity(s), if its business is outside the main line of business of the listed entity) TeamLease Services Limited, C IN: 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 5 Brief details of any governmental or The Corporation has been incorporated under the regulatory approvals required for provisions of the Delaware General Corporation Law, the incorporation(s) State of Delaware, United States of America 6 Indicative time period for Incorporated on September 23, 2026 completion of the incorporation(s) 7 Nature of consideration - whether Not Applicable cash consideration or share swap and details of the same 8 Cost of incorporation(s) The cost of incorporation comprises the initial subscribed/paid-up capital and nominal consultancy charges and statutory fees payable under applicable law. 9 Percentage of shareholding / control TeamLease Digital Private Limited, a wholly owned and / or number of shares subsidiary of TeamLease holds 100% share capital of TL Business Solutions Inc. 10 Brief background about the entity Brief Background: incorporated in terms of TL Business Solutions Inc. has been newly incorporated products/line of business, date of in the State of Delaware, United States of America. The incorporation, history of last 3 years registered office of the Corporation is situated in the turnover, country in which the State of Delaware at 16192 Coastal Highway, in the city incorporated entity has presence of Lewes, County of Sussex. and any other significant information (in brief) The Corporation is incorporated as a wholly owned foreign subsidiary of TeamLease Digital Private Limited, a wholly owned subsidiary of TeamLease Services Limited. Date of Incorporation: September 23, 2026 Last 3 years turnover: Being a newly incorporated Corporation, no operational or financial history is available for the last three years. Country of Incorporation: United States of America ****************************** TeamLease Services Limited, C IN: 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