TeamLease: Intimation on extension received for filing reply to Show Cause Notice

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”/“Company”) – Intimation on extension received for filing reply to the Show Cause Notice received from the Department of Commercial Taxes, Government of Karnataka under Section 73(1) of the Karnataka Goods and Services Tax Act, 2017 (“KGST Act”) and the Central Goods and Services Tax Act, 2017 (“CGST Act”) for FY 2022-23 Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 2. Intimation filed dated October 13, 2026, Receipt of Show Cause Notice from the Department of Commercial Taxes, Government of Karnataka under Section 73(1) of the Karnataka Goods and Services Tax Act, 2017 (“KGST Act”) and the Central Goods and Services Tax Act, 2017 (“CGST Act”) for FY 2022-23 on September 29, 2026. (Enclosed) With reference to the captioned subject and in continuation of our intimation dated October 13, 2026 regarding the receipt of Show Cause Notice from the Department of Commercial Taxes, Government of Karnataka under Section 73(1) of the Karnataka Goods and Services Tax Act, 2017 (“KGST Act”) and the Central Goods and Services Tax Act, 2017 (“CGST Act”) for FY 2022-23, we wish to inform you that the on October 29, 2026, representatives of the Company met with the concerned officer and obtained approval for an extension of time to file the reply. Pursuant to the said approval, the Company submitted an application seeking an extension through the GST portal on the same day. Based on the approval granted, the Company has been allowed an extension up to November 24, 2026 for filing its reply to the Show Cause Notice. The matter continues to remain at the notice stage. 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 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. There has been a delay of 5 days in submission of this intimation due to an inadvertent gap in internal communication between the Company’s indirect tax and secretarial functions, as a result of which, the said update was not escalated to the secretarial function within the prescribed timeline. The Company has since strengthened its internal reporting process to prevent recurrence. Kindly take the above information on record as per the SEBI (Listing Obligations and Disclosure Requirements) 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 Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 SL. PARTICULARS DETAILS 1 The details of any change in the On October 29, 2026, representatives of the Company status and/or any development in met with the concerned officer and obtained approval relation to such proceeding for an extension of time to file the reply. Pursuant to the said approval, the Company submitted an application seeking an extension through the GST portal on the same day. Based on the approval granted, the Company has been allowed an extension up to November 24, 2026 for filing its reply to the Show Cause Notice. 2 In the case of litigation against NA 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 the NA 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 The Company is currently evaluating the notice and will file its reply in Form GST DRC-06 within the prescribed timeline, i.e., on or before November 24, 2026. We remain committed to ensuring full compliance with applicable laws and regulatory requirements and will keep the stock exchanges duly informed of any material developments in this matter. ***************************** 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 October 13, 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”) – Receipt of Show Cause Notice from the Department of Commercial Taxes, Government of Karnataka under Section 73(1) of the Karnataka Goods and Services Tax Act, 2017 (“KGST Act”) and the Central Goods and Services Tax Act, 2017 (“CGST Act”) for FY 2022-23 Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the above-mentioned subject and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Clause 8 of Para B of Part A of Schedule III, we wish to inform you that the Company has received a Show Cause Notice (“SCN”) from the Deputy Commissioner of Commercial Taxes (Large Taxpayers Unit)-03, Bengaluru, Department of Commercial Taxes, Government of Karnataka under Section 73(1) of the KGST Act and CGST Act, for the period April 2022 to March 2023, on September 29, 2026. 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. There has been a delay of 13 days in submission of this intimation due to an inadvertent gap in internal communication between the Company’s indirect tax and secretarial functions, as a result of which the notice was not escalated to the secretarial function within the prescribed timeline. The Company has since strengthened its internal reporting process to prevent recurrence. Kindly take the above information on record as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and oblige. Thanking you. Yours faithfully, 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 Busine [Showing first 8,000 characters — download PDF for full document]