Subex Limited has announced the successful passage of an ordinary resolution through postal ballot, approving the appointment of Mr. Stephane Raymond Marie Le Letty (DIN: 11628981) as a Director in the category of Non-Executive and Non-Independent, liable to retire by rotation. The resolution was passed with more than the requisite majority on May 16, 2026, the last date of remote e-voting, and the voting results were formally disclosed on May 18, 2026, pursuant to Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot process was initiated through a notice dated April 13, 2026. The record date for determining eligible shareholders was April 10, 2026, on which date the total number of shareholders on record stood at 346892. The postal ballot notice was dispatched to shareholders on April 16, 2026, and a newspaper advertisement was published on April 17, 2026. Remote e-voting commenced on April 17, 2026, at 9.00 a.m. (IST) and concluded on May 16, 2026, at 5.00 p.m. (IST). In accordance with applicable MCA Circulars, physical copies of the postal ballot notice were not sent; communication of assent or dissent took place exclusively through the remote e-voting system facilitated by NSDL.

Voting Results Summary

The scrutinizer's report, prepared by Biswajit Ghosh (FCS No.: 8750; CP No.: 8239), Designated Partner of BMP & Co. LLP, confirmed that the resolution was passed with requisite majority. The following table presents the consolidated voting outcome:

Category-Wise Voting Breakdown

The voting participation and results varied across shareholder categories. The table below details the category-wise breakdown:

Public Institutions voted entirely in favour of the resolution, with 100% of their 2543744 polled votes cast in support. Public Non-Institutions, holding 531726811 shares, cast 7727567 votes, of which 95.16203483% were in favour and 4.837965171% were against. The Promoter and Promoter Group category recorded zero shares held and zero votes polled.

Scrutinizer's Findings

The scrutinizer confirmed that all votes cast through remote e-voting up to 5.00 p.m. (IST) on May 16, 2026, were considered for scrutiny. The e-voting data was downloaded from NSDL's portal on May 16, 2026, at 05:01 p.m. (IST) in the presence of two witnesses. A total of 547 members voted in favour of the resolution, casting 98,97,454 votes representing 96.3602% of total valid votes, while 63 members voted against, casting 3,73,857 votes representing 3.6398% of total valid votes. The scrutinizer noted that percentage figures have been rounded off to 4 decimal points.

The voting results are available on Subex Limited's investor relations website as well as on the NSDL e-voting portal. The Company Secretary and Compliance Officer, Ramu Akkili (Membership No.: A28296), countersigned the scrutinizer's report as authorised by the Chairperson and Board of Directors.

Subex Limited has disclosed the receipt of an income tax refund amounting to Rs. 2.37 Crores, inclusive of interest of Rs. 1.28 Crores, pertaining to Assessment Year (AY) 2008-09. The refund was credited to the company's bank account on May 04, 2026, and the disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Income Tax Refund Details

The refund was issued pursuant to a rectified order given to give effect to the High Court's order for AY 2008-09. The key details of the refund are summarised below:

Regulatory Disclosure

The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was addressed to both the National Stock Exchange of India Ltd. and BSE Limited. The disclosure was signed by Ramu Akkili, Company Secretary & Compliance Officer of Subex Limited.