Teamlease Services Gains Stay Order from High Court of Karnataka in EPFO Matter
Teamlease Services Limited announced that it has secured a Stay Order from the Hon'ble High Court of Karnataka. The order relates to the company's Writ Petition, which was filed following the receipt of a Show Cause Notice from the Employees' Provident Fund Organisation (EPFO).The development marks a key status update concerning the ongoing legal proceedings involving the company.
Legal Proceedings Timeline
The company initially received a Show Cause Notice from the EPFO. Consequently, Teamlease filed a Writ Petition before the Hon'ble High Court of Karnataka on May 12, 2026. Subsequently, on May 20, 2026, the company received a Stay Order from the High Court.The company stated that it will communicate any further material developments to the Stock Exchanges in due course.
Current Status of Proceedings
The latest status regarding the proceedings has been detailed as follows:| Particulars | Update/Status |
|---|---|
| Change in status/development in relation to proceedings | The Company has received a Stay Order on May 20, 2026, in response to the Writ Petition filed on May 12, 2026, with the Hon'ble High Court of Karnataka. |
| Litigation against key management personnel or promoter | Not Applicable |
| Settlement of the proceedings | Not Applicable |
TEAMLEASE Stock Price Movement
As of 1:42 PM, shares of Teamlease Services Limited are slipping by 2.73% in live trading, currently trading at ₹1374. Trading in the live market, the stock moves on a volume of 79,811 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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