Subex Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2025
SUBEXLTD · price
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Subex Limited submitted the voting results of its 31st AGM held on September 29, 2025 via video conferencing. Six resolutions were put to vote. Resolution 1 (adoption of audited financial statements for FY25), Resolution 3 (appointment of M.S.K.C & Associates as statutory auditors), Resolution 4 (appointment of V. Sreedharan & Associates as secretarial auditors), Resolution 5 (formulation of ESOP-2025), and Resolution 6 (grant of stock options to subsidiary employees under ESOP-2025) were all passed with over 80% support. Resolution 2, the re-appointment of Non-Executive Director Mr. Anil Singhvi, was rejected with 65.32% of votes cast against it and only 34.68% in favour. Out of 362,747 shareholders on the record date, only 40 public shareholders attended the AGM through video conferencing.
Shareholders rejected the re-appointment of Mr. Anil Singhvi, which is a notable governance signal and could lead to board composition changes. The approval of the ESOP-2025 scheme means future stock-based compensation to employees, which may result in mild dilution over time.