BSECompany Update5d ago · 9 Oct 2026, 08:03 am

Statement of the Company

Tata Consultancy Services Ltd · 532540

✦ AI SummaryRegulatory

Tata Consultancy Services Ltd (TCS) has issued a statement regarding the US Government's announcement on the Permanent Labor Certification Program (PERM). TCS intends to comply with any directive from the Department of Labor and has noted that its workforce strategy in the US is anchored in hiring local talent, supported by a robust campus recruitment model. The company plans to hire an additional 15,000 people in the US over the next five years, and does not expect the suspension of the PERM program to impact its workforce strategy or customer engagements.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Tata Consultancy Services Ltd - 532540 - Statement Of The Company Regarding The Announcement By The US Government On The Permanent Labor Certification Program

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TCS/SE/104/2026-27 October 9, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, P. J. Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai - 400051 Mumbai - 400001 Symbol - TCS Scrip Code No. 532540 Dear Sirs, Sub: Statement of the Company regarding the announcement by the US Government on the Permanent Labor Certification Program In response to the above-mentioned announcement by the US Government, a statement of the Company is given below: “We have noted the announcement by the US Government on the Permanent Labor Certification Program (PERM) and TCS will comply with any directive from the Department of Labor. Our workforce strategy in the US is anchored in hiring local talent, supported by a robust campus recruitment model. We have built a significant local workforce across 31 offices and delivery centers throughout the country. As we had announced earlier, we intend to hire an additional 15,000 people in the US over the next five years, to further augment our local workforce. Our PERM applications were in single digits in the last two years and hence we do not expect the suspension of the program to impact our workforce strategy and customer engagements. ” This is for your information and record. Thanking you, Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth Company Secretary ACS 15388 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781