Date: September 24, 2026

Disinvestment / Strategic Actions

TeamLease Digital Private Limited (TDPL), a wholly owned subsidiary of TeamLease Services Limited, has incorporated a wholly owned foreign subsidiary in the United States of America under the name TL Business Solutions Inc. (the Corporation). The Corporation consequently becomes a step-down wholly owned foreign subsidiary of TeamLease Services Limited.

Entity Details:

  • Name: TL Business Solutions Inc.
  • Date of Incorporation: September 23, 2026
  • Jurisdiction: State of Delaware, United States of America
  • Industry: Staffing, talent solutions and workforce management services

Capital Structure:

  • Authorized Capital: 1,050,000 shares of USD 0.10 par value each
  • Total Authorized Capital: USD 105,000
  • Shareholding: 100% owned by TeamLease Digital Private Limited

Transaction Details:

  • Nature: Related party transaction (wholly owned subsidiary structure)
  • Consideration: Not applicable (no cash consideration or share swap)
  • Cost: Comprises initial subscribed/paid-up capital and nominal consultancy charges and statutory fees
  • Governmental Approvals: Incorporated under Delaware General Corporation Law

Strategic Rationale:

The incorporation will facilitate expansion of the Company's staffing and business solutions in international markets, particularly in the United States, and strengthen its global presence.

Financial Information:

Being a newly incorporated Corporation, no operational or financial history is available for the last three years. Financial details such as size and turnover are not yet available.

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Other Operational / Legal / Strategic Disclosures

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI LODR Regulations, 2015
  • Reference: SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Annexure A provides detailed disclosures as required

Company Information:

  • Contact: Ph: (91-80) 6824 3333, Fax: (91-80) 6824 3001