Nature of the Event

Subex Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the securing of a new contract.

Key Quantitative Figures

The contract is valued at USD 0.6 million. The time period for execution is 3 years.

Parties or Entities Involved

The contract has been awarded to Subex Limited by a new-logo client described as a "leading African mobile operator," which is part of a major global telecommunications group. The counterparty is an international entity. Subex's Managing Director & CEO, Nisha Dutt, is named in the disclosure.

Purpose or Stated Rationale

The engagement involves deploying Subex's HyperSense Fraud Management solutions. The stated purpose is to strengthen the operator's ability to detect and combat emerging fraud across its mobile networks and mobile money operations.

Financial or Operational Impact

The financial consideration for the contract is USD 0.6 million. Operationally, the solution is intended to enable faster, more effective fraud investigations by identifying evolving fraud patterns.

Additional Details from Management Commentary

Nisha Dutt, MD & CEO, provided commentary, stating: "Fraud in mobile money doesn't look like fraud in voice or data, it moves faster and can hide within legitimate-looking transactions. Addressing it requires more than anomaly detection, it requires an understanding of the telecom and mobile money context in which those transactions occur. That combination of domain intelligence and AI is what HyperSense is built for, and it's why we're a strong fit for this engagement."

Other Significant Terms and Conditions

The disclosure confirms that the promoter/promoter group/group companies have no interest in the entity that awarded the contract. The contract does not fall within related party transactions and is done at arm's length.

Document Date and Signatory

The letter is dated August 26, 2026, and was digitally signed by Nisha Dutt, Managing Director & CEO, on the same date at 09:52:25 +05'30'.