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.

Subex Limited has announced a major contract win with a leading North African telecom operator for Enterprise Asset Management (EAM) services. The announcement, made on March 17, 2026, under Regulation 30 of SEBI listing requirements, marks a significant milestone for the telecom AI solutions company.

Contract Details and Scope

The comprehensive engagement represents a new logo win for Subex and spans a period of 9 years. The contract value is approximately EUR 2.70 million, positioning it as a substantial revenue opportunity for the company.

Technology and Solution Framework

The project involves deploying Subex's HyperSense solutions to enable a flexible, governance-first EAM approach. The comprehensive solution covers the complete asset management lifecycle process from purchase to disposal and retirement, addressing both technical and financial perspectives.

The scope encompasses multiple asset categories:

• Telecom network assets
• Fiber infrastructure
• IT equipment
• Data-center assets

System Integration Capabilities

A key strength of the engagement lies in the solution's ability to integrate seamlessly with numerous third-party systems. The HyperSense platform will connect with Enterprise Resource Planning (ERP), Geographic Information System (GIS), and Network Management System/Element Management System (NMS/EMS) platforms, ensuring comprehensive operational visibility.

Strategic Significance

According to Nisha Dutt, MD & CEO of Subex, the engagement addresses the growing need for intelligent asset stewardship as nations accelerate digital infrastructure development. The solution will provide the North African operator with centralized 360° asset visibility, Fixed Asset Registry (FAR) reconciliation, and workflow automation capabilities.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the contract does not involve any related party transactions and that promoter groups have no interest in the awarding entity.

This contract win reinforces Subex's position in the telecom AI solutions market and demonstrates the company's ability to secure significant international engagements in the enterprise asset management domain.