TeamLease - Dispatch of Postal Ballot Notice dated May 20, 2026, pertaining to availing Shareholders approval for Re-appointment of Independent Directors and for approval of Buyback of fully paid-up equity shares

TeamLease Services Limited has dispatched a Postal Ballot Notice seeking shareholder approval for two key proposals. First, the re-appointment of three Independent Directors - Mr. Mekin Maheshwari, Ms. Meenakshi Nevatia, and Mr. Subramaniam Somasundaram - for a second term of five years each. Second, a buyback of up to 14,87,500 fully paid-up equity shares (representing 8.87% of total paid-up capital) at ₹1,600 per share, totaling up to ₹238 crores. The buyback will be conducted through the tender offer route under SEBI Buyback Regulations. The e-voting period runs from May 30, 2026 to June 28, 2026, with results to be announced by June 30, 2026.