ALFA Filings
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TeamLease Services promoted Mr. Navin Patil to Head - Human Resources. This internal leadership transition reflects the company's succession planning and senior management continuity.
TeamLease Services Limited approved the re-appointment of three Independent Directors for a second five-year term. This ensures board continuity and maintains compliance with corporate governance standards.
TeamLease reported 6% annual revenue growth to ₹11,859 Crore for FY26. The board approved a share buyback of up to 25% of free reserves.
TeamLease Services Ltd reported revenue from operations of ₹2,925 Cr (+2.3% YoY) and net profit of ₹46 Cr (+21.4% YoY) for Q4 FY26.
TeamLease Services reported FY26 consolidated PAT of ₹147.1 Crore on revenue of ₹11,859 Crore. The company also announced a ₹238 Crore share buyback proposal.
TeamLease Services approved a ₹238 Crore share buyback at ₹1,600 per share via tender offer. The board also reported annual net profit of ₹97.23 Crore.
TeamLease filed a writ petition challenging an EPFO Show Cause Notice involving ₹184.58 Crore. The company continues legal recourse to resolve the disputed claims.
TeamLease Services scheduled a May 20, 2026 board meeting to approve Q4FY26 results and consider an equity share buyback. Trading window remains closed until May 22.
TeamLease Services Limited has filed an appeal with the Gujarat High Court against an EPFO order regarding PF applicability for NEEM trainees (July 2014–June 2022). The order currently carries no quantifiable financial liability. The company is seeking a stay, citing a similar favorable interim stay previously obtained from the Madras High Court.
TeamLease Services Limited has filed an appeal with the Hon'ble High Court of Gujarat against an EPFO order regarding PF applicability for NEEM trainees. The company seeks a stay on the order, noting no immediate financial impact as dues are currently unquantified. The matter is disclosed as a contingent liability in financial statements.
TeamLease Services received an Order-in-Appeal from the Commissioner of CGST & Central Excise upholding a penalty of ₹32.29 Crore related to manpower services invoices from 2017-2022. The company denies the allegations and is filing a writ petition before the High Court of Karnataka to stay recovery proceedings. No material operational impact is expected.
TeamLease Services received a Show Cause Notice from the EPFO involving a ₹184.58 Crore claim. The notice alleges contraventions in the management of the Employees’ Provident Fund Trust, including investment losses and misappropriation of reserves. The company disputes the claim and is evaluating legal action while working with the department to resolve the matter.
TeamLease Services Limited confirmed it does not qualify as a 'Large Corporate' for FY 2026-27 under SEBI norms. As of March 31, 2026, the company reported nil outstanding long-term borrowings and does not meet the specified credit rating criteria. This disclosure is a routine regulatory compliance filing regarding debt-raising frameworks.