TLSU EPF case hearing adjourned to Nov 30 at Gujarat High Court

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Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹1175.00

prior close

₹1162.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-1.4% vs market

Diversified Commercial Services peers, median of 76sector-0.8%-2.3% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 2.3 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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Sessions after the filingfrom the prior close

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Reaction day

-3.0-1.6-1.4-0.8-2.3

Next day

-1.3-0.6-0.7-1.3+0.0

-2.5-0.8-1.7-1.3-1.2

+0.7-2.1+2.8-2.2+2.9

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-3.9-0.8-3.1-2.4-1.5

-8.6-3.8-4.8-4.5-4.1

15d

-6.3-6.9+0.6-6.0-0.3

-11.0-8.0-3.0-5.8-5.2

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 76Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TeamLease Skills University (TLSU) updated on its Gujarat High Court appeal against an EPFO order dated March 11, 2026, which questioned PF applicability to NEEM trainees. The September 22 hearing remained at notice stage as EPFO filed its affidavit-in-reply reiterating that NEEM trainees are employees under the EPF Act. Next hearing is November 30, 2026. No financial liability is quantified yet. TLSU disagrees and cites a favorable stay from the Madras High Court in a similar matter as encouraging.

Likely market impact

Procedural update on pending case. No immediate financial impact since dues are not quantified. Next hearing on November 30, 2026.