TeamLease Services Limited has submitted its quarterly compliance certificate to stock exchanges under SEBI regulations for the quarter ended March 31, 2026. The certificate, filed on April 14, 2026, demonstrates the company's adherence to dematerialization procedures as mandated by regulatory authorities.

Regulatory Compliance Details

The certificate was filed in compliance with Regulation 74(5) of the Securities and Exchange Board of India (SEBI) (Depositories and Participants) Regulations, 2018. This regulation requires companies to confirm proper handling of securities received for dematerialization during each quarter.

Key Confirmations Made

The company confirmed three critical aspects of its dematerialization process:

• Securities received from depository participants for dematerialization were properly confirmed and processed
• All securities included in the certificate are listed on stock exchanges where the company's previously issued securities are traded
• Share certificates received for dematerialization have been verified, mutilated, cancelled by depository participants, and the depository name has been substituted in the member register

Registrar and Transfer Agent Certificate

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, provided a supporting certificate dated April 13, 2026. The certificate was signed by Rajitha Cholleti, Vice President of KFin Technologies Limited.

KFin Technologies confirmed compliance with all required actions within 15 days of receiving share certificates from Depository Participants, including confirmation of dematerialization requests, verification of listing status, and proper cancellation procedures.

Company Secretary Certification

The filing was completed by Alaka Chanda, Company Secretary and Compliance Officer of TeamLease Services Limited. The certificate was digitally signed and submitted to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive regulatory compliance across major stock exchanges.

TeamLease Services Limited has successfully completed a comprehensive board restructuring initiative through postal ballot voting, announcing detailed voting results on March 20, 2026. The company received overwhelming shareholder support for all proposed leadership changes following a month-long remote e-voting process that concluded on March 19, 2026.

Board Leadership Transformation

The postal ballot encompassed four critical resolutions aimed at reshaping the company's executive leadership structure. All resolutions were passed with requisite majority, demonstrating strong shareholder confidence in the proposed changes.

New Leadership Appointment

Ms. Suparna Mitra (DIN: 07135817) has been formally appointed as the company's Managing Director and Chief Executive Officer, marking a significant milestone in TeamLease Services' leadership evolution. Her appointment as Executive Director was regularized with unanimous shareholder support, receiving 14,275,412 votes in favor with 100.00% approval. The subsequent resolution for her appointment as MD & CEO secured 13,985,188 votes, representing 97.97% approval from participating shareholders.

Executive Restructuring

The board restructuring involved strategic repositioning of key executives to optimize organizational effectiveness. Mr. Manish Sabharwal (DIN: 00969601) transitioned from Executive Vice Chairman to Non-Executive, Non-Independent Director, receiving overwhelming support with 14,275,306 votes in favor. Simultaneously, Mr. Ashok Reddy (DIN: 00151814) moved from Managing Director to Executive Vice Chairman, with 14,275,307 votes supporting this change.

Voting Process and Participation

The remote e-voting process commenced on February 18, 2026, at 09:00 AM IST and concluded on March 19, 2026, at 05:00 PM IST. The company sent email notifications to 29,179 registered members on February 17, 2026, facilitating digital participation in compliance with MCA and SEBI circulars.

Regulatory Compliance and Documentation

M Siroya and Company, serving as the appointed scrutinizer, conducted the voting process and confirmed that all resolutions were passed with requisite majority. The scrutinizer's report, signed by Mukesh Siroya (Membership No.: F5682), provided detailed analysis of voting results for each resolution. The postal ballot process was conducted in full compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company has made the scrutinizer's report along with detailed voting results available on its website at group.teamlease.com/investor/postal-ballot/, ensuring transparent communication with stakeholders throughout the process. Company Secretary Alaka Chanda (Membership No.: F10911) countersigned the documentation, confirming regulatory compliance for the board composition changes.