Subex Limited has informed the Exchange regarding Cessation of Mr. Anil Singhvi as Chairman of the company w.e.f. September 29, 2025.
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Mr. Anil Singhvi, who served as Chairman and Non-Executive & Non-Independent Director of Subex Limited, ceased to be a Director effective September 29, 2025. He was retiring by rotation at the 31st Annual General Meeting, but the ordinary resolution seeking shareholders' approval for his reappointment was not passed with the requisite majority. As a result, he automatically lost his board seat at the close of the AGM. The disclosure was filed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, 2015. No relationship disclosures were triggered, and this is being treated by the company as a governance-related cessation rather than a voluntary resignation.
Shareholders voting against a sitting Chairman's continuation is unusual and signals possible dissatisfaction with board composition or governance. The company will need to appoint a new Chairman, which may create short-term leadership uncertainty, but it also reflects active shareholder engagement — often viewed positively over the longer term.