Subex Limited has officially appointed Mr. Alok Ohrie as Additional Director (Non-Executive, Independent) effective January 4, 2026, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment was made based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors during their meeting held on January 4, 2026.

Regulatory Disclosure and Appointment Details

The company has formally notified BSE and NSE about the appointment through an official communication signed by Managing Director & CEO Nisha Dutt. The key details of Mr. Ohrie's appointment are outlined below:

The company has confirmed that Mr. Ohrie is not debarred from holding the office of director pursuant to any order passed by SEBI or any such authority. Additionally, there are no relationships disclosed between Mr. Ohrie and other directors of the company.

Professional Background and Dell Technologies Leadership

Mr. Alok Ohrie brings extensive experience to Subex's board, with over three and a half decades in the IT and IT-enabled services sector. His most recent role was as President and Managing Director of Dell Technologies India, a position he held from April 2013 to July 2025.

During his tenure at Dell Technologies India, Ohrie was instrumental in transforming the company from predominantly being a PC player into a comprehensive technology solutions provider. His leadership encompassed areas including:

• AI-optimized infrastructure
• Modern data centers
• Multi-cloud solutions
• Cyber security solutions

Under his guidance, Dell Technologies India became the fastest-growing business unit for Dell globally. He architected innovative go-to-market strategies and established a robust omnichannel ecosystem, significantly enhancing the company's market presence in India. His leadership was pivotal in fostering a unified "One-Dell" culture and nurturing a strong leadership team and talent pool.

Industry Experience and Recognition

Prior to Dell, Mr. Ohrie held various leadership positions at prominent technology companies including IBM, AMD, EMC, and Wipro. His industry involvement extends beyond corporate roles, having served as Chairman of ASSOCHAM's National Council of Electronics Manufacturing and as a member of the Executive Council of NASSCOM.

His contributions to the industry have earned him several recognitions:

Government and Advisory Roles

Beyond his corporate achievements, Mr. Ohrie has contributed to national initiatives, serving as a 'Super Mentor' for the Government of India's Atal Innovation Mission. He has also participated in advisory roles for the USIBC India Advisory Council and the Ministry of Electronics & IT's MeitY Advisory Group on the "Digital India Electronic Mission of $300Bn".

Leadership Focus Areas

Mr. Ohrie is recognized for his commitment to fostering diversity, equity, and inclusion, particularly women's advancement in the workforce. He is widely acknowledged as a visionary technology leader with expertise in aligning complex technological trends, including AI and digital infrastructure, with customer and market needs. His proven track record encompasses delivering results through innovation, inclusive leadership, and operational excellence while building and scaling high-performing businesses.

Subex Limited announced the receipt of a significant income tax refund of ₹5.84 crores for Assessment Year 2011-12. The refund amount was credited to the company's bank account, marking the resolution of a tax matter that has been pending for over a decade.

Refund Details and Composition

The total refund amount comprises both the principal tax amount and accumulated interest over the years. The breakdown of the refund is presented below:

The interest component of ₹1.94 crores represents a substantial portion of the total refund, reflecting the extended duration since the original assessment year.

Legal Background and Court Order

The refund was issued pursuant to an order that gives effect to the High Court's directive for Assessment Year 2011-12. This indicates that Subex had successfully challenged the original tax assessment through legal proceedings, ultimately securing a favorable judgment from the High Court. The implementation of the court order has now resulted in the actual credit of the refund amount to the company's account.

Regulatory Compliance and Disclosure

Subex made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation mandates listed companies to inform stock exchanges about material events that could impact the company's operations or financial position.

Financial Impact

The receipt of ₹5.84 crores represents a positive cash flow for Subex, strengthening the company's financial position. This non-operational income will likely contribute to improved liquidity and may provide additional resources for business operations and growth initiatives. The resolution of this long-standing tax matter also eliminates associated uncertainties from the company's books.