Subex Limited , a global leader in AI-native telecom solutions, has announced a significant extension of its partnership with a major telecommunications operator in the Asia-Pacific region, while simultaneously facing changes in its board composition.

Partnership Extension

Subex has renewed its long-standing collaboration with a leading APAC communications service provider (CSP) for an additional five years. The deal, valued at USD 5.60 million, will see Subex continue to deliver enhanced Revenue Assurance and Fraud Management (RAFM) capabilities to protect against revenue leakages and fraud across the operator's mobile and fixed-broadband services.

The partnership, which began in early 2020, has expanded over the years to cover both mobile and fixed-broadband portfolios. The renewed engagement includes a Managed Services program and introduces a specialized Professional Services program aimed at unlocking greater ROI from the RAFM platform.

Nisha Dutt, MD & CEO of Subex, expressed enthusiasm about the extension, stating, "This additional 5 years renewal highlights our shared commitment to strengthening revenue protection, accelerating time-to-resolution, and driving operational excellence as the region's digital economy continues to scale."

Board Transitions

Concurrent with this positive business development, Subex is experiencing significant changes at the board level. Following the company's 31st Annual General Meeting (AGM), several key developments have occurred:

1. Director Resignations: Two Independent Directors, Ms. Poornima Prabhu and Ms. Archana Muthappa, have submitted their resignations, citing concerns raised by shareholders about the board's knowledge of the IT industry.

2. Non-Reappointment: Mr. Anil Singhvi, who was up for reappointment as a Non-Executive and Non-Independent Director, was not re-elected by shareholders, failing to secure the requisite majority votes.

3. New Appointments: The company has appointed M/s. V. Sreedharan & Associates as Secretarial Auditors and M/s. M.S.K.C & Associates LLP as Statutory Auditors, both for terms of five consecutive years.

In response to these changes, Subex has issued a statement reaffirming its commitment to stability and growth. The company emphasized that its management team remains focused on driving business outcomes and maintaining the strategic roadmap for sustainable growth, innovation, and customer success.

Subex has assured stakeholders that it is initiating a structured search for new directors to strengthen its board and align with the company's long-term vision. The company maintains that its fundamentals remain solid, and its transformation journey continues with clarity and momentum.

As Subex navigates these corporate governance changes, the extension of its partnership with the APAC telecom operator underscores the company's continued strength in its core business operations. The company remains focused on delivering value to its shareholders and customers while adapting to the evolving demands of corporate leadership and industry expertise.

Subex Limited , a leading telecom AI solutions provider, has announced significant changes to its board composition following its 31st Annual General Meeting (AGM) held on September 29. The company is grappling with a sudden leadership transition as two independent directors tendered their resignations, and shareholders voted against the reappointment of a non-executive director.

Board Resignations and Shareholder Vote

Ms. Poornima Prabhu and Ms. Archana Muthappa, both serving as Independent Directors, submitted their resignations effective immediately after the AGM. Their decision was prompted by concerns raised by shareholders regarding the board's lack of expertise in the IT industry.

Adding to the board's challenges, Mr. Anil Singhvi, a Non-Executive and Non-Independent Director, failed to secure the required majority vote for his reappointment. Consequently, Mr. Singhvi has ceased to be a director of the company.

Management's Response

In response to these developments, Subex's management has moved quickly to reassure stakeholders of the company's stability and ongoing commitment to its strategic objectives. Nisha Dutt, MD & CEO of Subex, stated, "Our fundamentals remain solid, and our transformation journey continues with clarity and momentum. While change at the Board level is never easy, it also represents renewal."

The company emphasized that its day-to-day operations, customer commitments, and strategic priorities will continue seamlessly under the guidance of its experienced leadership team.

New Appointments and Future Plans

Amidst the board changes, Subex shareholders approved several key appointments:

1. M.S.K.C and Associates LLP, Chartered Accountants, were appointed as Statutory Auditors for a term of five consecutive years.
2. V. Sreedharan and Associates, Practicing Company Secretaries, were named as Secretarial Auditors for a five-year term.

The company has also initiated a structured search for new directors to strengthen its board and align with its long-term vision.

Business Continuity and Growth

Despite the board-level changes, Subex continues to demonstrate business resilience. The company recently announced a significant contract extension with a leading APAC Communications Service Provider. The deal, worth USD 5.60 million, extends their partnership for an additional five years to deliver enhanced Revenue Assurance and Fraud Management (RAFM) capabilities.

Looking Ahead

As Subex navigates through this transition period, the company remains focused on maintaining transparency, upholding stakeholder confidence, and delivering value to its shareholders and customers. The management has reiterated its commitment to the company's transformation journey, emphasizing that Subex's strategic roadmap for sustainable growth, innovation, and customer success remains firmly on track.

Investors and industry observers will be keenly watching how Subex manages this leadership transition and its impact on the company's future growth and market position in the competitive telecom AI solutions sector.