Postal Ballot Notice dated April 13, 2026 - Voting results along with the Scrutinizer's Report
SUBEXLTD · price
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Subex Limited has announced the voting results of its Postal Ballot conducted for appointing Mr. Stephane Raymond Marie Le Letty (DIN: 11628981) as a Non-Executive and Non-Independent Director of the company. The resolution was passed with overwhelming support, with 9,897,454 votes in favor (96.36%) against 373,857 votes against (3.64%). The voting took place between April 17, 2026 and May 16, 2026. Only about 1.83% of total outstanding shares participated in the voting, with institutional investors showing 100% support in favor while public non-institutional shareholders showed 95.16% in favor. The Scrutinizer's Report from BMP & Co. LLP confirmed the resolution was passed with the requisite majority.
The appointment of Mr. Stephane Raymond Marie Le Letty as a non-independent director could indicate strategic changes or new shareholder representation on the board. The very high approval rate and absence of promoter voting suggests this appointment may have strong institutional backing.