Outcome of Board Meeting

Teamlease Putting India to Work November 05, 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/the Company) - Outcome of Q2'FY27 Board Meeting held on November 05, 2026 Ref: Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015 With reference to the captioned subject and pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, we wish to inform you that Q2'FY27 meeting of Board of Directors of the Company commenced at 12:00 Noon IST and concluded at 04:20 P.M. IST. The “Outcome of the Board Meeting” is as detailed below: Unaudited Financial Results: The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026, was reviewed and recommended by Audit Committee and approved by the Board of Directors are enclosed herewith. The Limited Review Report(s) (Standalone and Consolidated) adopted by the Board of Directors also forms part of the same. A copy of Press Release issued in respect of aforesaid Financial Results is also enclosed herewith. Kindly take the above said information on record as per the requirement of SEBI LODR Regulations, 2015. Thanking You. Yours faithfully, For TeamLease Services Limited Alaka Chanda Company Secretary and Compliance Officer Encl: 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 S.R. BATLIBOI & ASSOCIATES LLP F12ith SFloo r— No. 24, Vittal Mallya Road Ehartered Accalntarts Bengaluru - 560 001, India Tel : 491 80 6648 9000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors TeamLease Services Limited 1 We have reviewed the accompanying statement of unaudited standalone financial results of TeamLease Services Limited (the “Company™) for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the “Statement™) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations™). 2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting™ prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. S.R. Bal& Aissobuialoes iLLP, Liniled Liabilty Partnwgithr LLsP iIdevatpty No. ARB4295 Req. Offce : 22, Camac Strest, Block &, 3rd Floor, Kolkata700 016 S.R. BATLIBOI& ASSOCIATES LLP Chartered Accountants 4. Emphasis of Matter We draw attention to Note 6 to the Statement in connection with ongoing Provident Fund litigations related to a Trust being sponsored by a subsidiary of the Company wherein the aforesaid trust received a demand, against which an appeal was filed by the trust before the Hon'ble High Court of Gujarat challenging the said demand. Pending final outcome of the matter, no adjustment has been considered necessary in these financial results. Our conclusion is not modified in respect oft his matter. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049 W/E300004 Rov e per Sandeep [Karnani Partner Membership No.: 061207 UDIN: 26061207ZFWRZY229. 3 Place: Bengaluru Date: November 03, 2026 TEAMLEASE SERVICES LIMITED Regd. Off: B-4, B-5& B-6, Infinix Square Building, HAL Industial Estate, HAL GB Quarters, Bengalura- 560037 CIN: L74140KA2000PLC118395 E-MIAIL: corporateaffairs(@teamiease.com WEBSITE: hitps:/igroup.teamlease.com Statement of un; ted standalone financial results for the quarter and half year ended September 30, 2026 (R in Crores except per share data) Particulars 3-Months Preceding Corresponding | 6-Monihs | &-Months Ended | Year Ended Ended | 3-Months Ended | 3-Months Ended | Ended 30092025 310372026 30092026 300062026 301092025 301092026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Tncome Revenue from operations 276387 373936 275034 550333 539076 1673625 (Other income: 1199 2172 [z} 3371 2414 74,52 Total income 2,775.86 2,761.08 2.761.96 5:536.94 541490 10810.77 [Expenses Employee benefits expense 271623 768005 267810 539628 52%5 1046783 [Subconteacting expense 1601 2475 3149 4076 s107 106381 Finance costs 198 266 26 464 401 941 [Depreciation and amortisation expense 103 1028 988 2061 927 2032 Other expenses 15.49 1831 1580 3680 3657 7921 Total expenses 276304 273605 274090 5.499.00 536927 10,703.58 Profit before cxceptional tems and tax 28 350 2106 3785 56 10719 Exceptional items (@) lmpact of New Labour Codes [Refer note 4(a)] - - - - - @74 (6) lmpairment allowance [Refer note 4(0)] - N - N - (642) [Total exceptional items - - - N N ©.16) Profit before tax 8 250 2106 3785 4563 9803 Current tax o1 068 025 T 034 096 Deferred tax charge(oredi) N 006 ©30) 006 ©33) ©16) Income tax expense/(credit) oL 074 ©.09) 175 ©29) 050 [Net profit for the period/year 2429 2011 3610 EEX) 9723 [Other comprehensive income s that will ot be reclassified fo profi or 1oss n subsequent periods Re-measurement (losses) gains on defined benefi plans ©10) ©&0) 001 ©30)] ©39)| Income tax effect 003 015 - 013 01z Other comprehensive (loss)igain, net of tax @07 (5} 001 ©37) ©37) [Total [Showing first 8,000 characters — download PDF for full document]