Buyback

July 07, 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) – Submission of Letter of Offer for Buyback of Equity Shares of the Company by way of tender offer from existing shareholders pursuant to the provisions of the Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018, as amended (“Buyback Regulations”) and the Companies Act, 2013, as amended (“Buyback”) With reference to the captioned Buyback and in furtherance of our earlier intimation regarding submission of Public Announcement dated June 30, 2026, published on July 01, 2026, please find enclosed the Letter of Offer, dated July 06, 2026, along with the Tender Forms for demat and physical shareholders, which is being dispatched by the Company to the Eligible Shareholders within two working days from the Record Date being Friday, July 03, 2026. You are requested to take note of the following schedule of activities in relation to the Buyback: Sr. Activity Day Date 1. Record date Friday July 03, 2026 2. Letter of offer Filing date Tuesday July 07, 2026 3. Buyback Opening Date Thursday July 09, 2026 4. Buyback Closing Date Wednesday July 15, 2026 5. Last date of receipt of completed Wednesday July 15, 2026 Tender Form and other specified documents including physical certificates (if and as applicable) by the 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 Registrar to the Buyback 6. Last date of completion of settlement Wednesday July 22, 2026 of bids on the Stock Exchanges* * This activity may happen on or before the last date mentioned herein above. The Letter of Offer along with the Tender Forms for demat and physical shareholders of the Company are available on website of the Company, i.e., https://group.teamlease.com/investor/documents-available-for-inspection-2026/. All capitalised terms used herein and not specifically defined shall have the same meaning as ascribed to such terms under the Letter of Offer. 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 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 LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is being sent to you as a registered Equity Shareholder (as defined hereinafter) of TeamLease Services Limited (“TeamLease/ the Company”) as on the Record Date, being Friday, July 03, 2026, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (‘SEBI Buyback Regulations’). If you require any clarifications about the action to be taken, you should consult your Shareholder Broker (as defined hereinafter) or your investment consultant or the Manager to the Buyback, i.e., Nuvama Wealth Management Limited or the Registrar to the Buyback i.e. KFin Technologies Limited. Please refer to the section “Definition of Key Terms” on page 1 of this Letter of Offer for the definition of the capitalised terms used herein. TEAMLEASE SERVICES LIMITED CIN: L74140KA2000PLC118395 Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru - 560037, Karnataka Phone: (91-80) 6824 3333; Website: group.teamlease.com; E-mail: corporateaffairs@tea mlease.com Contact Person: Alaka Chanda, Company Secretary and Compliance Officer OFFER TO BUYBACK OF UP TO 14,87,500 (FOURTEEN LAKH EIGHTY-SEVEN THOUSAND FIVE HUNDRED ONLY) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹ 10/- (RUPEES TEN ONLY) EACH OF THE COMPANY FOR AN AGGREGATE AMOUNT NOT EXCEEDING ₹ 238 CRORES (RUPEES TWO HUNDRED AND THIRTY-EIGHT CRORES ONLY) AT A PRICE OF ₹ 1,600/- (RUPEES ONE THOUSAND SIX HUNDRED ONLY) PER EQUITY SHARE, PAYABLE IN CASH, ON A PROPORTIONATE BASIS THROUGH THE TENDER OFFER ROUTE USING THE STOCK EXCHANGE MECHANISM. (1) The Buyback is being undertaken in accordance with Article 12 of the Articles of Association of the Company, Sections 68, 69, 70, 108, 110 and all other applicable provisions of the Companies Act (as defined hereinafter) and the relevant rules made thereunder including the Share Capital and Debentures Rules (as defined hereinafter), the Management and Administration Rules (as defined hereinafter), to the extent applicable, the SEBI Buyback Regulations read with SEBI Circulars (as defined hereinafter) and the SEBI Listing Regulations (as defined hereinafter) and including any amendments, statutory modification or re-enactments thereof, for the time being in force. The Buyback is subject to receipt of such other approvals, permissions, consents, exemptions and sanctions as may be necessary and subject to such conditions and modifications, if any, as may be prescribed or imposed by the statutory, regulatory, governmental authorities or other appropriate authorities while granting such approvals, permissions, consents, exemptions and sanctions, as may be required from time to time under the applicable laws. (2) The Buyback Size (as defined hereinafter) represents 24.96% and 22.85% of the aggregate of the paid-up capital and free reserves of the Company as per the audited standalone and consolidated financial statements of the Company for the year ended 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 the Company, based on the audited standalone or consolidated financial statements of the Company for the year ended March 31, 2026, whichever sets out a lower amount). In this case, the lower amount is as per the standalone audited financial statements of the Company as per the applicable provisions of the Companies Act and SEBI Buyback Regulations. The Equity Shares proposed to be bought back represents 8.87% of the total number of Equity Shares in the total paid-up Equity Share capital of the Company as on Wednesday, May 20, 2026. (3) This Letter of Offer will be sent electronically to all Eligible Shareholders holding Equity Shares of the Company as on the Record Date, being Friday, July 03, 2026, in accordance with the SEBI Buyback Regulations and such other circulars or notifications, as may be applicable. Further, in terms of Regulation 9(ii) of the Buyback Regulations, if the Company receives a request from any Eligible Shareholder to dispatch a copy of the Letter of Offer in physical form, the same shall be provided. (4) For details of the procedure for tender and settlement of Equity Shares, please refer to the “Procedure for Tender Offer and Settlement” on page 43 of this Letter of Offer. The Form of Acceptance-cum-Acknowledgement (the “Tender Form”) along with the share transfer form (“Form SH-4”) is enclosed together with this Letter of Offer. (5) For details of the procedure for Acceptance, please refer to the “Process and Methodology for the Buyback” on page 38 of this Letter of Offer. For mode of payment of cash consideration to the Eligible Shareholders, p [Showing first 8,000 characters — download PDF for full document]