TeamLease re-appoints three independent directors for 5-year term

teamlease services has approved the re-appointment of three Independent Directors for a second term of five years. The Board of Directors, at its meeting held on May 20, 2026, approved the proposal based on the recommendation of the Nomination and Remuneration Committee. The re-appointments are subject to the approval of the shareholders of the Company.

Details of the Re-appointment

The Directors whose first terms are concluding have been proposed for re-appointment for a fresh tenure of five consecutive years. The specific dates for the commencement of the second term vary for each director.

Name of the Independent Director	DIN	Date of Appointment for Second Term
Mr. Mekin Maheshwari	03621431	June 08, 2026
Mrs. Meenakshi Nevatia	08235844	July 27, 2026
Mr. Somasundaram Subramaniam	01494407	July 27, 2026

Brief Profiles of the Directors

The Company provided detailed profiles of the three directors in its regulatory filing. Mr. Mekin Maheshwari is an engineering graduate who previously held key technology and people roles at Flipkart. He founded the Udhyam Learning Foundation and is recognized as a Senior Ashoka Fellow.

Mrs. Meenakshi Nevatia currently serves as the Managing Director of Pfizer Limited. She brings nearly 31 years of experience, having worked with leadership roles at McKinsey & Co., Novartis Pharmaceuticals, and Stryker India Private Limited. She holds an MBA from the Indian Institute of Management, Ahmedabad.

Mr. Somasundaram Subramaniam served as the Chief Financial Officer of Titan Company Limited for a decade until his superannuation in 2021. He is a Chartered Accountant and Cost Accountant with over 40 years of experience in finance and strategy. He currently serves on the boards of several companies including United Breweries Limited and Razorpay Software Limited.

Regulatory Disclosures

The Company confirmed that the directors are not related inter-se to any other Director on the Board. Furthermore, TeamLease Services Limited stated that none of the re-appointed directors are debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority. The intimation was made in compliance with Regulation 30 of the SEBI LODR Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.82%	+1.80%	+8.66%	-18.28%	-28.93%	-57.86%

TeamLease Services Limited has announced a restructuring within its senior management personnel effective May 20, 2026. The company disclosed that Mr. Navin Patil has been elevated to the position of Head - Human Resources. He previously held the role of Deputy Head - Human Resources within the organization.

Management Transition Details

The transition in designation was formalized on May 20, 2026. The change is part of the company's internal realignment of its human resources function. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Name	Current Designation	New Designation
Mr. Navin Patil	Deputy Head - Human Resources	Head - Human Resources

Profile of the Appointee

Mr. Navin Patil brings extensive experience to his new role. He has been associated with teamlease services from 2010 to 2016 before rejoining the organization in September 2018. His professional exposure spans various aspects of Human Resources, including HR Business Partnering, Talent Acquisition, HR Operations, and Learning & Development (L&D).

Prior to his tenure at TeamLease, Mr. Patil worked with organizations such as Quikr India, Allsec Technologies, Aegis, and Academy for Knowledge & Skill. He possesses a total work experience of 19 years. Academically, he holds a B.E. in Telecommunication from BMSIT, Bangalore and a Post Graduate Certificate in Human Resource Management (PGCHRM) from XLRI, Jamshedpur.