Subex Limited has informed the Exchange regarding Change in Auditors of the company.
SUBEXLTD · price
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Subex Limited's board, at its May 2, 2025 meeting, approved audited Q4 and FY25 results (standalone and consolidated), with the statutory auditor issuing an unmodified opinion. Statutory auditor S.R. Batliboi & Associates LLP's term ends at the 31st AGM in 2025, and M.S.K.C & Associates LLP (part of BDO India's network) has been appointed as the new statutory auditor for a 5-year term starting from the 31st AGM. V. Sreedharan & Associates has been appointed as Secretarial Auditor for 5 years (FY26–FY30), pending shareholder approval. On a standalone basis, FY25 revenue fell sharply to ₹16,881 lakhs from ₹26,901 lakhs in FY24, but net loss narrowed to ₹(4,978) lakhs vs. ₹(21,325) lakhs, helped by a large one-time impairment booked last year. Consolidated FY25 revenue stood at ₹28,561 lakhs with a net loss of ₹(3,144) lakhs. The CFO, Sumit Kumar, confirmed the audit report carries an unmodified opinion.
The auditor change is a routine end-of-term rotation to a well-known BDO India–affiliated firm, not a sudden exit, so governance risk is low. The FY25 results show a big revenue decline but a sharply reduced loss, with a ₹1,689 lakh disputed trade-receivable impairment in Q4 being a key watchpoint for shareholders.