Announced Mon, 22 Jun · 14:24 IST
TeamLease gets interim order from Karnataka HC in GST penalty case
Regulatory & Legal View source PDF
TEAMLEASE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹1465.00
prior close
₹1444.30
base price
In-mkt
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AI summary
TeamLease received an interim order dated June 17, 2026 from the Karnataka High Court on its writ petition challenging a CGST appeal order. The original order upheld a penalty of about Rs 32.29 crores over alleged issuance of invoices without supply of manpower services from July 2017 to July 2022. No tax demand has been raised. The matter is already disclosed as a contingent liability in FY25 financials.
Likely market impact
Legal fight continues in court. Rs 32.29 Cr penalty upheld but no tax demand yet and no immediate impact on operations or financials.