Subex Limited files Business Responsibility and Sustainability Report for FY26
Subex Limited filed its Business Responsibility and Sustainability Report for FY26, disclosing a net-zero target for 2035 and a decrease in employee turnover to 22%. The company reported a ₹ 1.82 lakh regulatory penalty for board composition issues, for which it has sought a waiver. Exports accounted for 99% of the ₹ 256.07 crore turnover, while three POSH complaints were recorded and resolved during the year.
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Subex Limited has filed its Business Responsibility and Sustainability Report for the financial year 2025-26 with BSE Limited and the National Stock Exchange of India Limited. The filing, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC). The report highlights the company's commitment to environmental sustainability, including a specific goal to achieve Net-Zero emissions by the year 2035, encompassing Scope 1, Scope 2, and Scope 3 emissions.
Governance and Oversight
The implementation and oversight of Business Responsibility policies at Subex Limited are entrusted to the Managing Director & Chief Executive Officer. The company stated that it does not have a specified Committee of the Board or Director solely dedicated to sustainability-related issues; instead, the Board provides direction to the Management team. The report confirms that policies covering all NGRBC principles have been approved by the Board and translated into procedures. Subex holds certifications for ISO 9001:2015 and ISO 27001:2013.
Financial and Operational Metrics
The report provides a snapshot of the company's financial and operational standing for the reporting period. The paid-up capital stands at ₹ 281 Crores. The company reported a turnover of ₹ 256.07 Crores and a net worth of ₹ 171.59 Crores. Operations are primarily international, with exports contributing 99% of the total turnover. The workforce consists of 632 employees, with 424 male and 205 female staff members. The company recorded a total employee turnover rate of 22% for the current financial year, a decrease from 24% in the previous year.
Stakeholder Engagement and Grievances
Subex Limited outlined its mechanisms for engaging with stakeholders, including shareholders, employees, customers, and communities. The company reported receiving one grievance from employees during the current financial year, which was resolved. In the previous year, one shareholder grievance was filed and resolved. The report also disclosed three complaints reported under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, all of which were upheld and resolved.
Regulatory Compliance and Material Issues
The company disclosed a material issue regarding data privacy and security, identifying it as a risk due to the evolving regulatory landscape. To mitigate this, Subex has strengthened its cybersecurity posture through enhanced vulnerability management, continuous monitoring, and expanded passwordless authentication. The report also noted a monetary penalty of ₹ 1,82,000 imposed by NSE and BSE for non-compliance with Regulation 17(1) & 19(1) of the SEBI Listing Regulations regarding Board composition. The company has applied for a waiver of the imposed fine.
Subsidiary and CSR Status
The report lists ten subsidiaries, including Subex Assurance LLP, Subex Digital LLP, and Subex Technologies Limited. Subex Account Aggregator Services Private Limited was voluntarily liquidated during the financial year 2025-26. Regarding Corporate Social Responsibility (CSR), the company stated that CSR provisions are not applicable as per section 135 of the Companies Act, 2013.
| Financial Metric | FY 2026 | FY 2025 |
|---|---|---|
| Turnover Rate (Total Employees) | 22% | 24% |
| Well-being Cost (% of Revenue) | 0.35% | 0.59% |
| Water Withdrawal (Kilolitres) | 4700 | 6500 |
| Total Energy Consumed (GJ) | 3132.60 | 3822.15 |
| Total Scope 1 & 2 Emissions (Tco2e) | 1.20 | 1.38 |
Historical Stock Returns for Subex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.94% | -0.08% | +6.11% | +32.87% | -5.81% | -80.18% |
What specific capital investments or operational changes will Subex implement to achieve its Net-Zero emissions target by 2035?
How will the company address the regulatory gap in governance by establishing a dedicated Board committee for sustainability oversight?
What is the expected financial impact of the recent ₹ 1,82,000 penalty and the pending waiver application on Subex's compliance budget?
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