Date: July 29, 2026
Board Meeting Outcomes
The Board of Directors of TeamLease Services Limited, at its meeting held on July 29, 2026, decided to exercise its exit option under the Share Purchase Agreement (SPA) dated January 06, 2025. The decision was to divest the company's entire equity stake of 30% in the joint venture company, Crystal HR and Securities Solutions Private Limited.
The transaction is subject to the completion of customary conditions precedent and regulatory/contractual approvals, if any.
The Board determined that the proposed divestment is in the best interests of the Company and its Shareholders, considering portfolio rationalisation and capital allocation priorities.
Disinvestment / Strategic Actions
Entity Involved: Crystal HR and Securities Solutions Private Limited
Nature of Relationship: Joint Venture
Stake Divested: Entire equity stake of 30% held by TeamLease Services Limited.
Buyer: Crystal HR & Security Solutions Private Limited. Srividya V is named as a promoter of the buyer.
Consideration: ₹10.12 Crores
Mode of Consideration: Cash
Financial Contribution of JV (as per consolidated reporting for the last financial year):
- Turnover Contribution: ₹0 (0%)
- Net Worth Contribution: ₹0.95 crore (0.7%)
Transaction Type: The transaction is classified as a related party transaction. The consideration has been determined based on arm's length negotiations between the parties and takes into account an independent valuation report obtained by the Company.
Rationale: Portfolio rationalisation and capital allocation priorities.
Impact: Upon completion of the transaction, Crystal HR and Securities Solutions Private Limited will cease to be a joint venture of TeamLease Services Limited.
Key Dates: The date for the final sale agreement and the expected date of completion of the sale/disposal are yet to be decided.
Regulatory Compliance: This intimation is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.