Subex wins USD 0.83M North America fraud management deal

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SUBEXLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹9.71

prior close

₹9.90

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+2.2% vs market

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.4-0.8+2.2

Next day

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+12.3+2.3+10.0

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15d

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Subex won a 3-year deal with a North American AI and data transformation specialist that serves telecom operators. The contract involves deploying FraudZap, Subex's AI-powered fraud management product, to tackle subscription and handset fraud. Value is about USD 0.83 million. This is a new client win for Subex, with no related party interest. CEO Nisha Dutt called it a milestone that shows maturity of the AI team and a return to product engineering with disciplined capital allocation.

Likely market impact

Positive for sentiment as a new logo win in North America; small in absolute value but strengthens Subex AI fraud product presence in a key market.