BSECompany Update2d ago · 23 Oct 2026, 03:06 pm

TeamLease: Intimation on receipt of Order dated October 22, 2026 passed by the Hon''ble High Court of Gujarat

TeamLease Services Ltd · 539658

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TeamLease Services Ltd has received an order from the Hon'ble High Court of Gujarat granting ad-interim relief to TeamLease Skills University (TLSU) in a matter related to an EPFO order.

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Governance Concern1/10
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TeamLease Services Ltd - 539658 - Teamlease: Intimation On Receipt Of Order Dated October 22, 2026 Passed By The Hon'Ble High Court Of Gujarat On The Interlocutory Application (IA) Filed By Teamlease Skills University (TLSU)

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October 23, 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 receipt of Order dated October 22, 2026 passed by the Hon’ble High Court of Gujarat on the Interlocutory Application (IA) filed by TeamLease Skills University (TLSU) Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. Intimation filed dated September 28, 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. 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) 4. 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) 5. 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, September 03, 2026, and September 28, 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 Hon’ble High Court of Gujarat has, by order dated October 22, 2026, granted ad-interim relief to TLSU in Civil Application (for Direction) No. 2 of 2026 (IA) filed in R/Special Civil Application No. 7698 of 2026. The IA seeks a stay of the proceedings initiated by the EPFO authority against TLSU under Section 125 of the Code on Social Security, 2020. 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 In the writ petition, TLSU has challenged the EPFO order dated March 11, 2026 passed under Para 26B of the Employees’ Provident Funds Scheme, 1952. Notice has been issued in the petition and it is pending for hearing. While the petition was pending, the EPFO authority issued summons dated September 29, 2026 to TLSU under Section 125 of the Code on Social Security, 2020. TLSU appeared and filed its reply, pointing out that the Hon’ble High Court had taken cognizance of the matter, but the authority listed the matter for hearing on October 28, 2026. TLSU therefore filed the IA seeking a stay of those proceedings. Based on submissions made by TLSU, the Hon'ble High Court of Gujarat has ordered the following: a. The draft amendment is allowed and is to be carried out forthwith. b. Notice is issued to the respondents, returnable on December 01, 2026. c. Ad-interim relief in terms of Para 3(B)(B) of the IA, i.e. stay of further proceedings under Section 125 of the Code on Social Security, 2020 pursuant to the summons dated September 29, 2026, is granted until the next date of hearing. d. Direct service of notice on the respondents is permitted. 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. 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 The Hon’ble High Court of Gujarat has passed an the status and/or any order dated October 22, 2026 in the IA filed by TLSU, development in relation to being Civil Application (for Direction) No. 2 of 2026 in such proceedings R/Special Civil Application No. 7698 of 2026. Based on submissions made by TLSU, the Hon'ble High Court of Gujarat has ordered the following: a. The draft amendment is allowed and is to be carried out forthwith. b. Notice is issued to the respondents, returnable on December 01, 2026. c. Ad-interim relief in terms of Para 3(B)(B) of the IA (stay of the Section 125 proceedings) is granted until the next date of hearing. d. Direct service of notice on the respondents is permitted. 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 (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 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) (Enclos [Showing first 8,000 characters — download PDF for full document]