Public Announcement - Buyback of Shares

July 01, 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 submission of public announcement for buyback of equity shares of TeamLease through tender offer Ref: Regulation 7(i) of the SEBI Buyback Regulations With reference to the above-mentioned subject and in continuation of our earlier communication dated June 29, 2026, informing about the receipt of approval from shareholders, on the proposal, for Buyback of fully paid up equity shares of the Company, having a face value of ₹ 10/- not exceeding 14,87,500 Equity Shares at a price of ₹ 1600/- (Indian Rupees One Thousand Six Hundred Only) per equity share, on a proportionate basis, through the tender offer process, in accordance with the provisions of the Companies Act, 2013, and rules made thereunder, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“SEBI Buyback Regulations”) and other applicable laws, (“Buyback”), this is to inform you that, pursuant to Regulation 7(i) of the SEBI Buyback Regulations, the Company has published the public announcement dated June 30, 2026 (“Public Announcement”) on July 01, 2026, in the newspapers mentioned below: Sl. Name of the Newspaper Language Edition(s) 1 Financial Express English All Editions 2 Jansatta Hindi All Editions 3 Hosa Digantha Kannada* Bengaluru Edition *Kannada being the vernacular language where the Registered Office of the Company is registered. 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 this regard, please find enclosed: a) A copy of the public announcement, as published in the aforesaid newspapers; b) Certified true copy of the resolution passed by the Board of Directors dated May 20, 2026, c) Certified true copy of the special resolution passed by the shareholders of the Company on June 28, 2026 Further, as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the copy of the public announcement would also be available on the website of the Company, i.e., https://group.teamlease.com/, BSE Limited, i.e., www.bseindia.com and National Stock Exchange of India Limited i.e., www.nseindia.com . Kindly take the above information on record as per SEBI LODR Regulations, 2015 and oblige. Thanking You. Yours faithfully, For TeamLease Services Limited Alaka Chanda Company Secretary and Compliance Officer Membership No.: F10911 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 EXTRACTS OF THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF TEAMLEASE SERVICES LIMITED (“TEAMLEASE / THE COMPANY”) HELD THROUGH AUDIO VISUAL MEANS (“VC”) ON WEDNESDAY, MAY 20, 2026, AT THE REGISTERED OFFICE OF THE COMPANY AT INFINIX SQUARE, B-4, B-5, B-6, HAL INDUSTRIAL ESTATE, HAL GB QUARTERS, VIBHUTIPURA, BENGALURU – 560037 (REGISTERED OFFICE: DEEMED VENUE) APPROVAL FOR BUYBACK OF 14,87,500 FULLY PAID-UP EQUITY SHARES HAVING A FACE VALUE OF ₹10/- EACH “RESOLVED THAT pursuant to Article 12 of the Articles of Association of the Company and the provisions of Sections 68, 69, 70, 108, 110 and all other applicable provisions, if any, of the Companies Act, 2013, as amended (the “Companies Act”) read with, rules framed under the Companies Act, including the Companies (Share Capital and Debentures) Rules, 2014 (to the extent applicable) (hereinafter referred to as the “Share Capital Rules”), the Companies (Management and Administration) Rules, 2014 and other relevant rules made thereunder, each as amended from time to time and the provisions of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“SEBI Buyback Regulations”), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) (including re-enactment of the Companies Act or the rules made thereunder or the SEBI Buyback Regulations, or the SEBI Listing Regulations) and subject to such other approvals, permissions, consents, sanctions and exemptions as may be necessary and subject to any modifications and conditions, if any, as may be prescribed by the Securities and Exchange Board of India (“SEBI”), Registrar of Companies, Karnataka, at Bangalore (the “RoC”), BSE Limited (“BSE”), National Stock Exchange of India Limited (“NSE”) and/or other authorities, institutions or bodies (together with SEBI, BSE and NSE, the “Appropriate Authorities”), as may be necessary, and subject to such conditions, alterations, amendments and modifications as may be prescribed or imposed by them while granting such approvals, permissions, consents, sanctions and exemptions which may be agreed and subject to the approval by the Shareholders by way of a special resolution by Postal Ballot through electronic voting only, the Board of Directors of the Company (“Board”, which term shall be deemed to include any Committee of the Board and/or officials, which the Board may constitute/authorise to exercise its powers, including the powers conferred by this resolution (“Buyback Committee”) hereby consents and approves the Buyback by the Company of its fully paid-up equity shares having a face value of ₹10/- (Indian Rupees Ten only) each (“Equity Shares”), not exceeding 14,87,500 Equity Shares (representing 8.87% of the total number of Equity Shares in the total paid-up equity capital of the Company as of March 31, 2026), at a price of ₹1,600/- (Indian Rupees Thousand Six Hundred only) per Equity Share, (“Buyback Offer Price”), subject to any increase to the maximum Buyback Offer Price and decrease in the number of Equity Shares proposed to be bought back, till 1 (one) working day prior to the record date, such that there is no change in the aggregate size of the Buyback as may be approved by the Board payable in cash for an aggregate amount not exceeding ₹238 Crores (Indian Rupees Two Hundred and Thirty Eight Crores only) (“Buyback Offer Size”), excluding tax payable under Income Tax Act, 2025 and any expenses incurred or to be incurred for the Buyback viz. brokerage costs, fees, turnover charges, taxes such as tax on Buyback, securities transaction tax and goods and services tax (if any), stamp duty, filing fees to SEBI, stock exchange charges, advisors/legal fees, printing and dispatch expenses, if any, public announcement publication expenses and other incidental and related expenses and charges (“Transaction Costs”), which represents 24.96% and 22.85% of the aggregate of the Company’s paid-up capital and free reserves as per the standalone audited financials and consolidated audited financials of the Company for the year ended as on March 31, 2026, respectively (which is within the statutory limits of 25% of the aggregate of the fully paid-up equity share capital and free reserves of 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@teamlea [Showing first 8,000 characters — download PDF for full document]