Appointment of M/s. V. Sreedharan & Associates, Company Secretaries in practice (Firm registration number: P1985KR14800) as Secretarial Auditor
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At the 31st Annual General Meeting on September 29, 2025, shareholders of Subex Limited approved two key auditor appointments. M/s. V. Sreedharan & Associates, a Bengaluru-based peer-reviewed firm of Company Secretaries with legacy dating back to 1988, was appointed as Secretarial Auditor for five consecutive years starting FY2025-26. Separately, M/s. M.S.K.C & Associates LLP, part of the BDO International network with over 95 partners and 2,500+ staff across 12 Indian cities, was appointed as Statutory Auditor for a five-year term. The change in statutory auditor follows the completion of S.R. Batliboi & Associates LLP's second consecutive 5-year term, which ended at this AGM.
This is a routine auditor rotation — S.R. Batliboi & Associates completed their full 10-year tenure and were not replaced mid-term, which signals normal governance compliance with SEBI's mandatory auditor rotation rules. The appointments of well-established firms (BDO network for statutory audit) should reassure shareholders about audit quality, with no governance red flags.