Date, Location, and Type of Meeting

The voting was conducted via remote e-voting (postal ballot) without a physical meeting. The e-voting commenced on Friday, August 14, 2026, at 9:00 AM IST and concluded on Saturday, September 12, 2026, at 5:00 PM IST.

Summary of Proposed Resolutions and Implications

1. Resolution 1: Formulation and Implementation of a new ESOP Scheme, namely 'Subex Employees Stock Option Scheme 2026'.

2. Resolution 2: Grant of Stock Options to employees of the Company's subsidiaries under the Employee Stock Option Scheme 2026.

3. Resolution 3: Authorization to 'Subex Employee Welfare and ESOP Benefit Trust' for acquisition of Company's shares in the secondary market.

4. Resolution 4: Grant of loan to Subex Employee Welfare and ESOP Benefit Trust.

Voting Process and Methods Used

The voting was conducted entirely through remote e-voting facilitated by National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. Physical copies of the ballot were not sent to members in accordance with MCA General Circular No. 03/2025.

Key Voting Outcomes

Resolution 1: Formulation of New ESOP Scheme 2026

  • Total Votes Cast: 20,774,057
  • In Favor: 17,422,756 votes (83.8679%)
  • Against: 3,351,301 votes (16.1321%)
  • Invalid Votes: 0
  • Abstained Votes: 0

Resolution 2: Grant of Options to Subsidiary Employees

  • Total Votes Cast: 20,772,057
  • In Favor: 17,415,932 votes (83.8431%)
  • Against: 3,356,125 votes (16.1569%)
  • Invalid Votes: 0
  • Abstained Votes: 0

Resolution 3: Trust Authorization for Share Acquisition

  • Total Votes Cast: 20,771,957
  • In Favor: 17,841,167 votes (85.8906%)
  • Against: 2,930,790 votes (14.1094%)
  • Invalid Votes: 0
  • Abstained Votes: 0

Resolution 4: Grant of Loan to ESOP Trust

  • Total Votes Cast: 20,772,057
  • In Favor: 17,565,096 votes (84.5612%)
  • Against: 3,206,961 votes (15.4388%)
  • Invalid Votes: 0
  • Abstained Votes: 0

Participation Breakdown by Shareholder Category

Resolution 1 Breakdown:

  • Public Institutions: 2,467,837 votes cast (8.22% of outstanding shares)
  • In Favor: 104,142 votes (4.22%)
  • Against: 2,363,695 votes (95.78%)
  • Public Non-Institutions: 18,306,220 votes cast (3.44% of outstanding shares)
  • In Favor: 17,318,614 votes (94.61%)
  • Against: 987,606 votes (5.39%)
  • Promoter and Promoter Group: 0 votes cast (not applicable)
  • Total Outstanding Shares: 562,002,935

Scrutinizer's Role, Findings, and Conclusions

Pramod S M (FCS No: 7834, CP No: 13784) of BMP & Co. LLP was appointed as the Scrutinizer. The Scrutinizer downloaded the e-voting results from NSDL's portal on September 12, 2026, at 5:11 PM IST in the presence of two witnesses (Ms. Subhashri K and Ms. Bhanu Athalye). The Scrutinizer confirmed that all four resolutions were passed with the requisite majority and that there were no invalid or abstained votes.

Confirmation of Compliance

The process was conducted in compliance with:

  • Section 110 and 108 of the Companies Act, 2013
  • Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI circulars and Secretarial Standard SS-2

Names and Roles of Signatories

  • Ramu Akkili: Company Secretary & Compliance Officer of Subex Limited - signed the disclosure letter to exchanges
  • Pramod S M: Designated Partner of BMP & Co. LLP - prepared and signed the Scrutinizer's Report

Additional Information

The total number of shareholders on record date (August 7, 2026) was 338,793. The voting results are available on the Company's website (https://www.subex.com/investors/investor-information/#postal-ballot) and on NSDL's website (www.evoting.nsdl.com).