General Updates

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/Company) - Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Divestment of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private Limited With reference to the captioned subject matter and pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR"), this is to inform you that, the Board of Directors of TeamLease ("the Company"), at its meeting held on July 29, 2026, 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. 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. In compliance with Regulation 30 of SEBI LODR Regulations, 2015 and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, please find enclosed herewith the required disclosures in Annexure A. 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 You are requested to kindly take the same on record. Thank You. Yours faithfully, For TeamLease Services Limited Alaka Chanda Company Secretary and Compliance Officer Encl: As stated 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 Listing Regulations read along with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 SL. NO. PARTICULARS RESPONSE(S) 1 Name of the Target Entity Crystal HR and Securities Solutions Private Limited 2 Nature of Relationship Joint Venture 3 Percentage holding disposed of Entire equity stake of 30% held by the Company in Joint Venture 4 The amount and percentage of the turnover or revenue or income and Particulars Amount Percentage net worth contributed by such unit or Contribution division or undertaking or subsidiary Turnover 0 0 or associate company of the listed Net Worth 0.95 crore 0.7% entity during the last financial year As per consolidated reporting 5 Date on which the agreement for sale Yet to be decided shall be entered into 6 The expected date of completion of Yet to be decided sale/disposal 7 Consideration received from such 10.12 Crores sale/disposal and mode of Mode – Cash consideration 8 Brief details of buyers and whether Name of Buyer(s): Crystal HR & Security Solutions any of the buyers belong to the Private Limited & Srividya V - Promoter of Buyer promoter/ promoter group/group Entity companies. If yes, details thereof Brief details of the Buyer(s): The Company is engaged in, inter alia, the business of providing various services pertaining to human resource development and analytics which includes practices and tools used for recruiting, managing and developing employees including activities such as workforce planning, compensation planning, on- 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 boarding, training, time mapping and attendance, performance management and payroll services. The Buyer does not belong to the promoter/ promoter group companies. 9 Whether the transaction would fall The transaction is falling under related party within related party transactions? If transactions. yes, whether the same is done at “arm’s length” The consideration for the sale has been determined based on arm's length negotiations between the parties and taking into account an independent valuation report obtained by the Company. 10 Objective/rationale for sale Portfolio rationalisation and capital allocation priorities. 11 Impact on the Company The JV Company will cease to be a joint venture of the Company upon completion of the transaction 12 Whether the sale, lease or disposal of Not Applicable the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with Regulation 37A of LODR Regulations 13 Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale 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