SUBEX LIMITED has informed the Exchange about Resignation of Independent director.
SUBEXLTD · price
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Two Independent Directors of Subex Limited, Poornima Prabhu and Archana Muthappa, resigned on September 29, 2025, with immediate effect. Both directors cited shareholder concerns raised at the Annual General Meeting held the same morning as the reason for stepping down. Poornima Prabhu mentioned that most directors (including herself) lacked IT industry knowledge, while Archana Muthappa pointed to a lack of confidence in the Board's ability and experience expressed by shareholders. Poornima Prabhu also holds directorship in DCW Limited, while Archana Muthappa reported NIL other directorships.
Simultaneous resignation of two independent directors following direct shareholder criticism at the AGM signals serious governance concerns and could lead to short-term stock price pressure. Investors should watch for board reconstitution announcements and any further resignations, as the departures highlight a credibility gap with shareholders that the company will need to address.