Subex Limited has announced the appointment of Mr. Stephane Raymond Marie Le Letty as Additional Director, effective March 25, 2026. The telecommunications technology company made this strategic leadership addition based on the recommendation of its Nomination and Remuneration Committee through a board resolution passed by circulation.

Appointment Details

The board has appointed Le Letty as an Additional Director under the Non-Executive, Non-Independent Director category. His appointment is effective from March 25, 2026, and will continue up to the date of the ensuing Annual General Meeting or 3 months from the date of appointment, whichever is earlier.

Following the initial term, Le Letty shall continue as a Director subject to approval of shareholders of the Company and will be liable to retire by rotation as per standard corporate governance practices.

Professional Background and Experience

Le Letty brings more than 2 decades of leadership experience across global telecommunications, enterprise technology, and innovation-driven ecosystems. His most recent role was as Director of Communication and Media Services Research and Development for Europe, the Middle East, and Africa at Hewlett Packard Enterprise.

At Hewlett Packard Enterprise, he was responsible for managing a large, mission-critical portfolio that included:

• Mobile core networks
• 5G technologies
• Operations support systems
• Service assurance solutions
• Service fulfilment systems
• Service orchestration products

This comprehensive portfolio was deployed with more than 350 telecommunications service providers worldwide, demonstrating the scale and impact of his leadership.

Business Leadership and Innovation

During his tenure at Hewlett Packard Enterprise, Le Letty held multiple senior leadership roles across product, commercial, and business functions. Notably, he was instrumental in building and scaling a business that exceeded USD 100 million in revenue, showcasing his ability to drive significant commercial growth.

In parallel to his corporate role, Le Letty served as Vice President of the Secured Communicating Solutions Cluster, a leading European innovation ecosystem. This ecosystem comprised more than 320 industrial participants, including:

• Global enterprises
• Emerging technology companies
• Research laboratories
• Leading universities

In this capacity, he played a key role in accelerating innovation and supporting the development, financing, and commercialization of advanced digital solutions.

Educational Qualifications and Early Career

Prior to his role at Hewlett Packard Enterprise, Le Letty spent a decade with leading global technology companies, including Thales and Alcatel, building a strong foundation in telecommunications and technology sectors.

His educational credentials include a Master of Science in Telecommunications and Computer Science from the University of Rennes, France, along with a Master's degree in Finance, Blockchain, and Cryptocurrency, reflecting his expertise in both traditional telecommunications and emerging financial technologies.

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Le Letty is not debarred from holding the office of director pursuant to any order passed by SEBI or any such authority, ensuring full regulatory compliance.

Subex Limited has successfully concluded its postal ballot process, securing overwhelming shareholder approval for the appointment of two new Independent Directors to strengthen its Board composition. The company announced the voting results on March 20, 2026, following the completion of the remote e-voting process.

Board Appointments Approved

Shareholders approved both resolutions with substantial majority support through the postal ballot notice dated February 10, 2026. The appointments were designed to enhance the company's governance structure with experienced independent oversight.

Voting Process and Results

The postal ballot was conducted exclusively through remote e-voting, in accordance with regulatory guidelines. The e-voting period commenced on February 18, 2026, at 9:00 AM IST and concluded on March 19, 2026, at 5:00 PM IST.

Resolution 1: Appointment of Mr. Venkata Erinti Narayana

Resolution 2: Appointment of Mr. Alok Ohrie

Regulatory Compliance and Scrutiny

BMP & Co. LLP, Company Secretaries, served as the appointed scrutinizer for the postal ballot process. Pramod S M, Designated Partner, conducted the scrutiny in accordance with Section 110 and Section 108 of the Companies Act, 2013, and relevant SEBI regulations.

The postal ballot notice was dispatched electronically on February 17, 2026, to eligible shareholders whose names appeared in the Register of Members as on the record date of February 13, 2026. A total of 351226 shareholders were on record as of the cut-off date.

Process Transparency

The voting results and scrutinizer's report are available on multiple platforms for stakeholder access:

• Company website: www.subex.com/investors/investor-information/
• NSDL e-voting portal: www.evoting.nsdl.com
• Stock exchange websites (BSE and NSE)

The company maintained full transparency throughout the process, with the scrutinizer's report confirming that all procedural requirements were met and the resolutions were passed with the requisite majority as mandated under applicable regulations.