TeamLease Services Ltd

TeamLease Receives EPFO Show Cause Notice 📋⚖️

• Received show cause notice from EPFO dated April 13, 2026 (received April 23, 2026)

• Notice alleges contraventions in EPF Trust fund management including investment losses, bond/debenture sale losses, misappropriation of reserves, and employee recoverable issues

• EPFO claims financial implication of ₹1,84,58,42,073 (~₹184.58 crore) including interest

• Company disputes the claimed amount and states it already funded the shortfall per RPFO Bengaluru clarification (March 30, 2022)

• Evaluating notice and planning appropriate legal action while committing to full compliance