Meeting Details

The approval was sought via a Postal Ballot, with no physical meeting held. The remote e-voting period commenced on Thursday, October 08, 2026, at 09:00 A.M. IST and ended on Friday, November 06, 2026, at 05:00 P.M. IST.

Summary of Proposed Resolutions and Implications

Two special resolutions were proposed for shareholder approval:

1. Item No. 1: To adopt the 'TeamLease Services Limited Employee Stock Options and Restricted Stock Units Scheme 2026' (ESOS 2026).

2. Item No. 2: To approve the grant of Employee Stock Options and Restricted Stock Units to the Employees/Directors of the Subsidiary Company(ies) of TeamLease under the aforementioned Scheme, within the overall ceiling approved under Item No. 1.

The failure of these resolutions means the proposed 2026 ESOP scheme will not be implemented.

Voting Process and Methods

The voting was conducted entirely through a remote e-voting system provided by KFin Technologies Limited (KFintech). Physical copies of the Notice and Postal Ballot Forms were not sent to members in compliance with MCA and SEBI circulars. The company sent emails to 28,044 members who had registered their email IDs as of the record date, September 30, 2026.

Key Voting Outcomes

Overall Participation

  • Total Number of Members who voted: 141
  • Total Number of Votes cast: 12,546,638
  • No invalid or abstained votes were recorded.

Item No. 1: Special Resolution to adopt ESOS 2026

  • Votes in Favor (Assent): 6,706,998 votes (53.46% of valid votes)
  • Votes Against (Dissent): 5,839,640 votes (46.54% of valid votes)
  • Result: Not approved with requisite majority. The votes in favor were less than three times the votes against.

Item No. 2: Special Resolution to grant ESOPs to subsidiary employees

  • Votes in Favor (Assent): 6,706,998 votes (53.46% of valid votes)
  • Votes Against (Dissent): 5,839,640 votes (46.54% of valid votes)
  • Result: Not approved with requisite majority. The votes in favor were less than three times the votes against.

Scrutinizer's Role, Findings, and Conclusions

Mr. Mukesh Siroya, Proprietor of M Siroya and Company, was appointed as the Scrutinizer. His role was to scrutinize the e-voting process in a fair and transparent manner based on the reports generated by KFintech. He concluded that both resolutions were not passed by the requisite majority, as defined by the Companies Act, 2013. The electronic data and records of the voting process were placed under his safe custody and are to be handed over to the Company Secretary for preservation.

Compliance with Laws and Regulations

The document confirms compliance with:

  • Sections 108 & 110 of the Companies Act, 2013
  • The Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA and SEBI circulars regarding the dispensation of sending physical documents.

Names and Roles of Signatories

  • Alaka Chanda, Company Secretary and Compliance Officer (Membership No.: F10911) of TeamLease Services Limited, signed the covering letter to the exchanges.
  • Mukesh Siroya, Proprietor of M Siroya and Company (Firm Registration No.: S2003MH061300, Membership No.: F5682), signed the Scrutinizer's Report.

Additional Information

The complete Scrutinizer's Report and voting results are hosted on the company's website at https://group.teamlease.com/investor/postal-ballot/.

The company's Corporate Identification Number (CIN) is L74140KA2000PLC118395.