Subex shareholders approve all resolutions at 32nd AGM with 98% support
Subex Limited shareholders overwhelmingly approved all three resolutions at its 32nd AGM held on August 4, 2026. The resolutions included the adoption of FY26 financial statements, reappointment of Ms. Nisha Dutt as Director, and reappointment of Mr. Rupinder Goel as Independent Director.
*this image is generated using AI for illustrative purposes only.
Subex Limited shareholders approved all three resolutions proposed at its 32nd Annual General Meeting (AGM) held on August 4, 2026, through Video Conference/Other Audio-Visual Means (VC/OAVM). The meeting saw overwhelming support for the adoption of audited financial statements for FY26, the reappointment of Ms. Nisha Dutt as a Director retiring by rotation, and the re-appointment of Mr. Rupinder Goel as an Independent Director for a second term. The high level of approval underscores strong confidence in the company’s financial reporting and leadership continuity.
The proceedings were conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. CS Biswajit Ghosh, Designated Partner of BMP & Co. LLP, served as the Scrutinizer to oversee the e-voting process. The e-voting facility was provided by National Securities Depository Limited (NSDL), with remote e-voting conducted from July 31, 2026, to August 3, 2026.
Voting Results
All resolutions were passed with requisite majority. The detailed voting results are presented below:
| Resolution | Votes For (%) | Votes Against (%) | Result |
|---|---|---|---|
| Adoption of Financial Statements for FY26 | 99.7073% | 0.2927% | Passed |
| Reappointment of Ms. Nisha Dutt | 99.4829% | 0.5171% | Passed |
| Reappointment of Mr. Rupinder Goel | 98.1530% | 1.8470% | Passed |
A total of 1,45,25,837 votes were cast in favor of adopting the audited consolidated financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Only 42,645 votes were cast against this resolution.
Board Continuity
Ms. Nisha Dutt, Managing Director & CEO, was reappointed as a Director after retiring by rotation. The resolution received 1,46,76,095 votes in favor, representing 99.4829% of valid votes cast, with only 76,281 votes against. Mr. Rupinder Goel was reappointed as an Independent Director for a second term, securing 1,44,46,239 votes in favor (98.1530%), with 2,71,837 votes against.
Participation and Governance
The record date for determining voting eligibility was July 28, 2026. A total of 339,666 shareholders were on record, with 48 members attending the AGM virtually. The company dispensed with physical attendance requirements in line with MCA General Circular No. 03/2025. Electronic copies of the Annual Report for FY26 and the Notice convening the 32nd AGM had been distributed to members via registered email IDs prior to the event.
The Statutory Auditors, M/s. MSKC & Associates LLP, confirmed their presence during the session. There were no qualifications or adverse remarks in the Statutory or Secretarial Auditor’s Reports requiring specific clarification.
Historical Stock Returns for Subex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.26% | +17.58% | +49.75% | +135.03% | +61.62% | 0.0% |
How might the reappointment of Mr. Rupinder Goel for a second term as Independent Director influence Subex's governance strategy and regulatory compliance in the coming years?
What specific growth initiatives or financial targets did management outline during the AGM to justify the overwhelming shareholder confidence in FY26's audited results?
Given the high approval rates, are there any pending strategic shifts or major capital expenditures that shareholders should anticipate in the next fiscal quarter?
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