SUBEXLTD

Subex Limited was fined ₹4,50,000 each by NSE and BSE (total ₹9,00,000, excluding GST) for non-compliance with SEBI LODR Regulation 17(1) regarding Board of Directors' composition. The non-compliance stemmed from the unexpected cessation of three board members in September 2025, causing a delay in appointing suitable replacements. The company has now rectified the board composition and applied for a waiver of the fine. They anticipate no material financial or operational impact.

Order Win: Subex Limited announced an engagement with a leading telecom operator in North Africa to modernize its Revenue Assurance and Fraud Management (RAFM) operations. The engagement involves the deployment of Subex's HyperSense platform, an AI-first business assurance and fraud management solution. The contract is for a 5-year period with an approximate value of USD 1.93 Million (approximately ₹16.02 Crores).

Subex Limited's management expressed a very bullish outlook for FY27, making growth its singular focus and setting a target of INR 100 crores per quarter revenue, a significant increase from current levels. This growth is anticipated to be driven by a 24% order intake increase in FY26, new product launches, expanded AI deal wins, and continued investments in GenAI for accelerated product development. The company expects annuity and subscription revenues to kick in from multi-year contracts. Strategically, Subex is exploring tuck-in acquisitions and plans to expand its fraud management and revenue assurance solutions horizontally into new sectors. Potential challenges include delays in new purchase decisions due to geopolitical risks in the Middle East, where mitigation plans involving offshoring are in place, and hardware constraints impacting the deployment of LLM-based products.

Subex Limited disclosed the voting results of its postal ballot dated April 13, 2026. The resolution for the appointment of Mr. Stephane Raymond Marie Le Letty (DIN: 11628981) as a Non-Executive and Non-Independent Director was approved with the requisite majority on May 16, 2026. Approximately 96.36% of the valid votes cast were in favor of the resolution.

Subex Limited's Board of Directors met on May 12, 2026, and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The Board also approved the re-appointment of Mr. Rupinder Goel as an Independent Director for a second three-year term from August 8, 2026, subject to shareholder approval. The company subsequently re-submitted these results in machine-readable format on May 15, 2026, confirming no changes from the prior disclosure. A conference call was also scheduled for May 13, 2026.

Subex Limited announced the availability of the audio recording for its Earnings Call, which discussed results for the quarter and year ended March 31, 2026. The call was held on May 13, 2026, and the recording can be accessed on the company's website.

Subex Limited's Board of Directors met on May 12, 2026, to approve the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The Board also approved the re-appointment of Mr. Rupinder Goel as Independent Director for a second term from August 8, 2026, to August 7, 2029, subject to shareholder approval. A conference call for investors is scheduled for May 13, 2026, at 11:00 A.M. (IST).

Standalone Revenue ₹64.56Cr vs ₹66.27Cr (▼2.6% YoY), EBITDA improved from ₹-17.22Cr to ₹-1.08Cr (▲93.7% YoY reduction in loss), PAT swung from ₹-21.92Cr to ₹6.04Cr (▲127.5% YoY profit). EBITDA Margin expanded by 2431bps from -26.0% to -1.67%. The board also approved the re-appointment of an independent director. However, several previous independent directors ceased holding office or resigned due to non-approval of re-appointment or resignation.

Subex Limited announced the outcome of its Board Meeting held on May 12, 2026. The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. Additionally, Mr. Rupinder Goel was recommended for re-appointment as an Independent Director for a second three-year term, subject to shareholder approval. A conference call for investors is scheduled for May 13, 2026, at 11:00 A.M. (IST).