Teamlease Services Limited, a prominent player in the staffing industry, has made significant strides in its global expansion strategy while also witnessing changes in its promoter shareholding structure.

Singapore Expansion

TeamLease Digital Singapore Pte. Ltd., a step-down subsidiary of TeamLease Services Limited, has incorporated a new wholly-owned subsidiary named TeamLease Digital Solutions Pte. Ltd. in Singapore. The incorporation took place on September 1, with the company receiving confirmation on September 3.

Key details of the new subsidiary:

• Name: TeamLease Digital Solutions Pte. Ltd.
• Registration Number: 202538664Z
• Authorized and Paid-up Capital: S$50,000.00
• Industry: Staffing
• Registered Office: 18 Boon Lay Way #05-95 Tradehub 21 Singapore 609966

This strategic move is aimed at enhancing TeamLease's global footprint, particularly in the Southeast Asian market. The new entity is expected to strengthen the company's presence in Singapore's staffing industry.

Share Pledge Release

In a separate development, TeamLease Services Limited has reported a significant change in its promoter shareholding structure. Hansini Management Consultant Private Limited, a promoter of the company, has released a pledge on 84,050 equity shares, representing 0.50% of the total share capital.

Details of the pledge release:

• Promoter: Hansini Management Consultant Private Limited
• Number of Shares Released: 84,050
• Percentage of Total Share Capital: 0.50%
• Date of Pledge Release: August 12
• Previous Pledge Details: The shares were previously pledged to Kotak Mahindra Bank Limited as security for a loan against property worth Rs 22.00 crores.

Following this release, Hansini Management Consultant Private Limited's total shareholding in TeamLease Services Limited stands at 1,31,442 shares, representing 0.78% of the total share capital.

These developments showcase TeamLease Services' commitment to expanding its international presence while also highlighting changes in its domestic shareholding structure. The company continues to position itself strategically in the global staffing industry, with a particular focus on the Asia-Pacific region.

In a significant development for India's skill development sector, Singapore Prime Minister Wong has announced support for India's skill development initiatives, including the establishment of state-level centers. This news has put the spotlight on TeamLease Services , a key player in India's skill development landscape.

Singapore's Support for India's Skill Development

Singapore Prime Minister Wong's pledge of support for India's skill development initiatives marks a notable step in strengthening bilateral cooperation in this crucial sector. The announcement includes backing for the establishment of state-level centers, which could potentially accelerate India's efforts to enhance its workforce skills and employability.

Implications for TeamLease Services

TeamLease Services, a prominent company in India's skill development and staffing sector, could potentially benefit from this international support. As a leading player in providing human resource services, including temporary staffing, permanent recruitment, and regulatory compliance management, TeamLease is well-positioned to contribute to and potentially benefit from enhanced skill development initiatives.

Recent Corporate Action

While the impact of Singapore's support on TeamLease Services remains to be seen, the company has recently undergone a significant corporate action. According to the latest Listing Obligations and Disclosure Requirements (LODR) filing:

• Hansini Management Consultant Private Limited, a promoter of TeamLease Services, has released 84,050 pledged equity shares.
• The release of pledged shares occurred on August 12, 2025.
• Post this event, Hansini Management Consultant Private Limited holds 131,442 shares, representing 0.78% of the total share capital.
• The pledged shares were initially held by Kotak Mahindra Bank Limited as security for a loan against property amounting to ₹22.00 crore.

Potential Implications

The release of pledged shares by a promoter entity could be seen as a positive sign, potentially indicating improved financial flexibility or confidence in the company's prospects. However, it's important to note that this corporate action is not directly related to the announced Singapore-India skill development cooperation.

As India continues to focus on skill development to harness its demographic dividend, companies like TeamLease Services may find themselves at the forefront of implementing and benefiting from such initiatives. The support from Singapore could potentially open up new avenues for collaboration and growth in the skill development sector.

Investors and industry observers will be keenly watching how TeamLease Services and other players in the skill development sector capitalize on this potential opportunity and contribute to India's skill development landscape.