Subex Limited has informed the Exchange regarding Resignation of Ms Poornima Prabhu and Ms. Archana Muthappa as Independent Director of the company w.e.f. September 29, 2025.
SUBEXLTD · price
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Two Independent Directors of Subex Limited — Ms. Poornima Prabhu and Ms. Archana Muthappa — resigned from the Board with effect from September 29, 2025, the same day the company's Annual General Meeting was held. In their resignation letters, both directors cited concerns raised by shareholders at the AGM: Poornima Prabhu noted that most directors lack knowledge of the IT industry, while Archana Muthappa referenced a 'lack of confidence in the ability and experience of the Board' expressed by shareholders. Both have ceased to be members of the Board and its committees. The detailed reasons and confirmation of no other material reasons are enclosed as annexures to the filing.
This is a negative governance signal for shareholders — two independent directors stepping down on the same day, directly linking their exit to shareholder dissatisfaction with the Board's industry expertise, could weigh on the stock and raise questions about board composition and succession plans.