teamlease services has secured a stay order from the Hon'ble High Court of Karnataka regarding a show cause notice issued by the Employees' Provident Fund Organisation (EPFO). The company received the stay order on May 20, 2026, following a writ petition filed on May 12, 2026.

The disclosure was made to the stock exchanges on May 21, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the exchanges about the receipt of the EPFO show cause notice on April 28, 2026.

Legal Proceedings

The stay order provides interim relief to the company concerning the proceedings initiated by the EPFO. The writ petition was filed specifically to address the show cause notice, and the court's decision to grant a stay halts the immediate effects of the notice while the legal matter is adjudicated.

The company confirmed that there are no settlements reached in the matter yet. Furthermore, the litigation does not involve key management personnel, promoters, or the ultimate person in control.

Status Update

The following table outlines the current status of the proceedings as per the regulatory filing:

TeamLease Services stated that any material developments arising from this case will be communicated to the stock exchanges in due course.

TeamLease Services Limited has announced it will conduct a series of group meetings with institutional investors and research analysts on May 25, 2026. The sessions are being hosted by Ambit India Access as part of their "Titans of Tomorrow 2026" event. The company confirmed that it will refer only to publicly available documents during these discussions and will not share any unpublished price-sensitive information.

Management Representation

The meetings will be attended by key members of the company's leadership team. Ms. Ramani Dathi, Chief Financial Officer, and Mr. Kunal Tharad, Vice President – Corporate Finance, will represent teamlease services during the interactions.

Meeting Schedule

The event is divided into specific group meeting slots and individual interactions with various mutual funds. The schedule includes participation from several prominent financial institutions.

Mutual Fund Participation

In addition to the group meetings, the company is scheduled to hold separate discussions with representatives from major mutual fund houses. These include Invesco Mutual Fund, Motilal Oswal Asset Management Company, and Nippon India Mutual Fund. The meetings will take place at Ambit House, located at 449, Senapati Bapat Marg, Lower Parel, Mumbai.