TeamLease Services received a Show Cause Notice from the EPFO on April 23, 2026, alleging fund management contraventions.
The notice disputes a potential financial implication of ₹184.58 crores, which the company is contesting.
Allegations include investment losses, bond sale losses, misappropriation of reserves, and documentation issues for recoverable amounts.
The company is evaluating the notice and plans to take appropriate legal action to resolve the demand.