TeamLease: Outcome of Q1'FY27 Board Meeting held on July 29, 2026

July 29, 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 Q1’FY27 Board Meeting held on July 29, 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 Q1’FY27 meeting of Board of Directors of the Company commenced at 12:00 Noon IST and concluded at 04:00 P.M. IST. The “Outcome of the Board Meeting” is as detailed below: 1. Unaudited Financial Results: The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 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. 2. Divestment of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private Limited The Board of Directors of TeamLease ("the Company"), at its meeting held today has decided to exercise its exit option under the Share Purchase Agreement dated January 06, 2025, (SPA), entered into by the Company and Crystal HR and Securities Solutions Private Limited (“Crystal HR”). Consequently, as per the terms of the SPA, Crystal-HR has agreed to Buyback Company’s entire equity stake of 30%. The transaction is being undertaken pursuant to the terms mutually agreed between the parties and is subject to completion of customary conditions precedent and regulatory/contractual approvals, if any. 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 Upon completion of the transaction, the Joint Venture Company shall cease to be a joint venture of the Company. The Board has determined that the proposed divestment is in the best interests of the Company and its shareholders, considering portfolio rationalisation and capital allocation priorities. 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 HOB City Canberra Block Chartered Accountants No. 24, Vittal Mallya Road Bengaluru - 560 001, India Tel : +91 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 June 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. 4. 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. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 (Cove ea) < pmo] per Sandeep Kajpani Partner Membership No.: 061207 UDIN: 76061204 LHEERN 6330 Place: Bengaluru Date: July 29, 2026 S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd. Office : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016 TEAMLEASE SERVICES LIMITED Regd. Off: B-4, B-5 & B-6, Infinix Square Building, HAL Industrial Estate, HAL GB Quarters, Bengaiuru- 560037 CIN: L74140KA2000PLC118395 E-MAIL: corporateaffairs@teamlease.com WEBSITE: https://group.teamlease.com Statement of unaudited standalone financial results for the quarter ended June 30, 2026 (Rs. in Crores except per share data) Particulars 3-Months Ended Preceding Corresponding Year Ended 30/06/2026 |3-Months Ended| 3-Months Ended 31/03/2026 31/03/2026 30/06/2025 Unaudited (Refer note 8) Unaudited Audited Income Revenue from operations 2,739.36 2,625.40 2,640.42 10,736.25 Other income 21.72 26.29 12.52 74.52 Total income 2,761.08 2,651.69 2,652.94 10,810.77 Expenses Employee benefits expense 2,680.05 2,560.15 2,578.42 10,467.83 Subcontracting expense 24.75 25.68 20.48 106.81 Finance costs 2.66 2.16 2.31 9 Al Depreciation and amortisation expense 10.28 11.00 9.39 40.32 Other expenses 18.31 23.33 17.77 79.21 Total expenses 2,736.05 2,622.32 2,628.37 10,703.58 Profit before exceptional items and tax 25.03 29.37 24.57 107.19 Exceptional items (a) Impact of new Labour codes [Refer note 4(a)] - - - (2.74) (b) Impairment allowance [Refer note 4(b)] - (6.42) - (6.42) Total excep [Showing first 8,000 characters — download PDF for full document]