Subex Limited has announced the grant of employee stock options under its ESOP 2025 scheme, marking a significant step in its employee incentive program. The company's Nomination and Remuneration Committee approved the allocation through resolution by circulation dated March 31, 2026.

ESOP Grant Details

The committee has approved the grant of substantial stock options to eligible employees under the Employee Stock Option Plan 2025. The allocation represents a strategic move to align employee interests with company performance and retain talent.

Regulatory Compliance

The grant has been executed in full compliance with applicable regulatory frameworks. Subex Limited has ensured adherence to SEBI guidelines governing employee benefit schemes and stock option plans.

Key regulatory compliances include:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 under Regulation 30
• SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
• Proper disclosure to stock exchanges as per listing requirements

Trust Structure and Implementation

The options are being allocated from the unallocated pool held with the Subex Employee Welfare and ESOP Benefit Trust. This trust structure ensures proper governance and administration of the employee stock option scheme while maintaining transparency in the allocation process.

The Employee Stock Option Plan 2025 serves as the framework for this grant, providing eligible employees with an opportunity to participate in the company's growth through equity participation. The scheme is designed to incentivize performance and foster long-term commitment among the workforce.

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.