SUBEXLTD

- Order Win: Subex Limited secured a contract with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions. - Order Value: USD 0.6 million - Completion Timeline: 3 years - Details: The engagement aims to strengthen the operator's ability to detect and combat emerging fraud across mobile networks and mobile money operations.

- Order Win: Subex Limited secured a new-logo engagement from a major European open-access fibre operator. - Order Value: Euro 0.6 million. - Completion Timeline: 3 years.

- Investor Presentation for an Analyst/Institutional Investor Meeting scheduled on August 19, 2026, at 10:00 A.M. (IST). - Company achieved a turnaround, returning to profitability from FY23 to FY27 YTD (TTM). - EBITDA margin improved from 3.9% to 14.9% and PAT from (18.4)% to 10.2% (FY23 to FY27 YTD - TTM). - Cash and cash equivalents increased by ~54% to ₹184.8 crores. - Focus on AI-driven solutions in Telco (Fraud Management, Business Assurance, Partner Ecosystem Management), addressing a $4.3B Total Addressable Market (TAM). - Leveraging GenAI for faster product development, market entry, and high-margin annuity revenues, aiming to lead in Telco AI transformation.

- Concall Schedule - Concall Date: August 19, 2026 - Concall Time: 10:00 am to 05:00 pm

- Postal Ballot Notice seeking member approval for a new ESOP Scheme (Subex Employees Stock Option Scheme 2026). - Resolutions include granting stock options to employees of the company and subsidiaries, authorizing the ESOP Trust to acquire shares, and granting an interest-free loan to the Trust. - ESOP options not to exceed 5% of paid-up equity capital. - E-voting period: August 14, 2026 (9:00 A.M. IST) to September 12, 2026 (5:00 P.M. IST).

- Management's primary focus for FY27 is accelerating consistent and sustainable growth, transitioning from a turnaround phase. - The company ended Q1 FY27 with cash and cash equivalents of INR 184.8 crores. - Strategy involves reinvesting excess cash into product innovation, AI capabilities, customer-facing teams, and delivery excellence, prioritizing long-term value over short-term margin maximization. - The company aims for a 3-4 times qualified order pipeline, with 70% of revenue expected to be recurring. - While expecting robust margins, the company will hold them in a certain range to facilitate reinvestment, with an internal goal to reduce the contract signing to subscription revenue timeline by one quarter. - Orders from the Middle East, Africa, and parts of APAC are experiencing slowdowns/delays in closures, though no cancellations have occurred. Delivery for Middle East projects has been offshored to India as a mitigation. - R&D intensity is set to increase, focusing on enhancing existing AI-enabled products and experimental projects for portfolio expansion. - Management has a 'line of sight' to achieve an INR 100 crores top line in a few quarters and is considering inorganic acquisitions to leverage its cash balance. - The Board is considering structural changes, including capital readjustment to address past losses, and actions to improve employee stake.

- Audio recording of the Earnings Call for the quarter ended June 30, 2026, is available. - The call was held on August 6, 2026, at 11:00 A.M. (IST). - The recording can be accessed on the company's website.

- Consolidated Revenue ₹79.45 Cr vs ₹66.40 Cr (▲19.65% YoY) - EBITDA ₹15.00 Cr vs ₹3.93 Cr (▲281.68% YoY) - PAT ₹14.22 Cr vs ₹12.81 Cr (▲11.01% YoY) - EBITDA Margin 18.88% vs 5.92% (▲1296 bps)

- Consolidated Revenue ₹79.45 Cr vs ₹66.40 Cr (▲19.65% YoY) - Normalized EBITDA ₹16.87 Cr vs ₹4.28 Cr (▲294.16% YoY) - PAT ₹14.22 Cr vs ₹12.81 Cr (▲11.01% YoY) - EBITDA Margin 21.23% vs 6.45% (▲1478bps)

- Subex Limited announced the e-voting results for its 32nd Annual General Meeting held on August 4, 2026. - All resolutions, including the adoption of financial statements for FY2026 and re-appointments of directors, were passed with requisite majority.

- The 32nd Annual General Meeting (AGM) of Subex Limited was held on August 04, 2026, through Video Conference/Other Audio-Visual Means. - Key items transacted included the adoption of Audited Financial Statements for the financial year ended March 31, 2026. - Ms. Nisha Dutt was re-appointed as a Director and Mr. Rupinder Goel was re-appointed as an Independent Director. - There were no qualifications or adverse remarks in the Statutory and Secretarial Auditor's Reports.

- Filed Business Responsibility and Sustainability Report for FY 2025-26 on July 13, 2026. - Received a fine of ₹1,82,000 from NSE and BSE for non-compliance with SEBI Listing Regulations regarding Board of Directors composition and the Nomination and Remuneration Committee. - Company has applied for waiver of the imposed fine. - Subex Limited is committed to achieving Net-Zero emissions by 2035.

- Notice of 32nd Annual General Meeting (AGM) and Annual Report 2025-26. - AGM scheduled for August 04, 2026, 2:00 PM (IST) via Video Conference/Other Audio-Visual Means. - Remote e-voting period: July 31, 2026, 9:00 AM (IST) to August 03, 2026, 5:00 PM (IST). - Cut-off/record date for e-voting: July 28, 2026. - Agenda includes adoption of financial statements and re-appointment of Ms. Nisha Dutt and Mr. Rupinder Goel as Directors.

- Concall Schedule for Q1 FY27 results - Results for the quarter ended June 30, 2026, will be announced on August 05, 2026. - Concall Date: August 06, 2026 - Concall Time: 11:00 A.M. – 12:00 P.M. (IST)

- Subex Limited's 32nd Annual General Meeting (AGM) will be held on August 4, 2026, at 2:00 p.m. (IST) through Video Conference/Other Audio-Visual Means. - The cut-off date for determining member entitlement to vote and attend the AGM is July 28, 2026.

- Trading window for Designated Persons and their immediate relatives will close from July 1, 2026. - It will remain closed until 48 hours after the declaration of Unaudited Financial Results for the quarter ending June 30, 2026.

- Concall Schedule - Concall Date: June 30, 2026 - Concall Time: 11:00 am to 12:00 pm

- Concall Schedule - Concall Date: June 11, 2026 - Concall Time: 10:00 AM to 5:00 PM - Mode: Physical - Venue: Mumbai

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).