NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company28 Sept 2026 · 28 Sept 2026, 11:32 am

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Teamlease Services Limited · TEAMLEASE

✦ AI SummaryLitigation

TeamLease Services Limited has received an update on the proceedings before the Hon'ble High Court of Gujarat regarding an appeal filed by TeamLease Skills University (TLSU) against an order from the Employees Provident Fund Organisation (EPFO). The matter has been adjourned and is now listed for the next hearing on November 30, 2026.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

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TeamLease Update on hearing date in respect of appeal filed with Hon ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees Provident Fund Organisation (EPFO)

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TEAMLEASE_28092026113051_TeamLeaseIntimationonUpdateonNEEMCase.pdf

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September 28, 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) – Update on hearing date in respect of appeal filed with Hon’ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees’ Provident Fund Organisation (EPFO) Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. SEBI Intimation filed dated September 03, 2026, to update on hearing date in respect of appeal filed with Hon’ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees’ Provident Fund Organisation (EPFO) (Enclosed) 3. SEBI Intimation filed dated August 11, 2026, to update on appeal filed with Hon’ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees’ Provident Fund Organisation (EPFO) (Enclosed) 4. SEBI Intimation filed dated May 06, 2026, pursuant to appeal filed with Hon’ble High Court of Gujarat, pursuant to receipt of Order from Employees’ Provident Fund Organisation (EPFO) by TLSU(Enclosed) With reference to the captioned subject and in continuation of our intimations dated May 06, 2026, August 11, 2026, and September 03, 2026, regarding the Order issued by the Employees’ Provident Fund Organisation (EPFO), Ministry of Labour and Employment, Government of India, we wish to inform you that the Company has received an update on September 25, 2026, regarding the proceedings before the Hon’ble High Court of Gujarat. 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 matter, which was listed for hearing on September 22, 2026, remained at the notice stage. The Hon’ble Court received the reply submitted by the Respondents, and accordingly, the matter has been adjourned and is now listed for the next hearing on November 30, 2026. An affidavit-in-reply has been filed by the Regional Provident Fund Commissioner-I, Employees' Provident Fund Organisation, Vadodara, on behalf of Respondent Nos. 4 and 5 in Special Civil Application No. 7698 of 2026 titled M/s. TeamLease Skills University vs. Union of India & Ors. pending before the Hon'ble High Court of Gujarat. In the affidavit, the EPFO has, inter alia, reiterated its position that trainees engaged under the National Employability Enhancement Mission (NEEM) framework are covered within the definition of "employee" under Section 2(f) of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and has sought to justify the order dated 11 March 2026 passed by the Regional Provident Fund Commissioner. TeamLease Skills University strongly disagrees with the assertions made in the affidavit and continues to pursue its legal remedies before the Hon'ble High Court of Gujarat. The University believes that it has a strong case on merits and had challenged the underlying order through the aforesaid writ proceedings. The matter remains sub judice and is currently pending adjudication before the Hon'ble High Court of Gujarat. The Company will continue to keep the stock exchanges informed of any material developments in accordance with applicable regulatory requirements Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the requisite details are enclosed as Annexure A. Kindly take the above information on record as per SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 and oblige. The intimation received by the Company was on Friday evening, hence the disclosure is filed with your good office on Monday owing to non-working days between the receipt date and disclosure date. Thanking You. Yours faithfully, For TeamLease Services Limited Alaka Chanda Company Secretary and Compliance Officer Enclosed: As 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 HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 SL. PARTICULARS UPDATE/STATUS 1 The details of any change in An affidavit-in-reply has been filed by the Regional the status and/or any Provident Fund Commissioner-I, Employees' Provident Fund Organisation, Vadodara, on behalf development in relation to of Respondent Nos. 4 and 5 in Special Civil such proceedings Application No. 7698 of 2026 titled M/s. TeamLease Skills University vs. Union of India & Ors. pending before the Hon'ble High Court of Gujarat. The Company has received an update on September 25, 2026, regarding the proceedings before the Hon’ble High Court of Gujarat. The matter, which was listed for hearing on September 22, 2026, remained at the notice stage. The Hon’ble Court received the reply submitted by the Respondents, and accordingly, the matter has been adjourned and is now listed for the next hearing on November 30, 2026. 2 In the case of litigation Not Applicable against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings 3 In the event of settlement of Not Applicable the proceedings, details of such settlement including - terms of the settlement, compensation/ penalty paid 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 (if any) and impact of such settlement on the financial position of the listed entity ***************************** 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 September 03, 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) – Update on hearing date in respect of appeal filed with Hon’ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt of Order from Employees’ Provident Fund Organisation (EPFO) Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. SEBI Intimation filed dated August 11, 2026, pursuant to update on appeal filed with Hon’ble High Court of Gujarat by TeamLease Skills University (TLSU), pursuant to receipt [Showing first 8,000 characters — download PDF for full document]