Date: September 22, 2026 (with reference to earlier disclosures dated July 29, 2026, August 13, 2026, and August 20, 2026)

Disinvestment / Strategic Actions

TeamLease Services Limited has completed its full exit from joint venture Crystal HR and Security Solutions Private Limited ("Crystal HR") through a structured divestment process.

Transaction Details:

  • Entity Involved: Crystal HR and Security Solutions Private Limited
  • Stake Divested: Entire 30% equity stake comprising 3,000 equity shares
  • Transaction Structure: Two-part exit:
  • Part 1 (Transfer): 1,800 equity shares transferred to Ms. Srividya V (promoter of Crystal HR) on August 20, 2026
  • Part 2 (Buyback): 1,200 equity shares tendered for buyback by Crystal HR
  • Completion Date: September 21, 2026 (shares extinguished on this date)
  • Consideration: ₹10.12 crore cash consideration
  • Resulting Impact: Crystal HR ceases to be a joint venture of TeamLease with effect from September 21, 2026

Financial Contribution of JV:

  • Turnover Contribution: ₹0 (0% of consolidated turnover)
  • Net Worth Contribution: ₹0.95 crore (0.7% of consolidated net worth)

Transaction Rationale: Portfolio rationalization and capital allocation priorities

Regulatory Framework:

  • Executed under Exit Agreement dated August 12, 2026
  • Pursuant to exit option under Share Purchase Agreement dated January 06, 2025
  • Classified as related party transaction conducted at arm's length basis
  • Independent valuation obtained for consideration determination

Timeline of Disclosures:

  • July 29, 2026: Board approval to exercise exit option
  • August 13, 2026: Execution of Exit Agreement
  • August 20, 2026: Completion of first part (1,800 share transfer)
  • September 22, 2026: Final completion of buyback and full exit

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

July 29, 2026 Board Meeting:

  • Decision to exercise exit option under Share Purchase Agreement dated January 06, 2025
  • Approval for divestment of entire 30% stake in Crystal HR through buyback mechanism
  • Determination that the divestment is in the best interests of the Company and its shareholders

Financial Results

Not Specified

Other Operational / Legal / Strategic Disclosures

Regulatory Compliance:

  • All disclosures made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Compliance with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Multiple intimations filed with stock exchanges throughout the transaction process

Company Identification: