Subex Limited at its board meeting held on April 17, 2023 announced that after having spent 25 years at Subex, Mr. Vinod Kumar Padmanabhan, Managing Director has requested for early retirement from the position of Managing Director of the Company which would have been otherwise valid till March 31, 2024. The Board of Directors have taken note of it and reluctantly accepted his request. The Board placed on record their appreciation for the contribution made by Mr. Vinod Kumar Padmanabhan during his tenure with the Company.

Mr. Vinod Kumar Padmanabhan (DIN: 06563872), will continue as the Managing Director & Chief Executive Officer of the Company till close of business hours on May 1, 2023 and will continue to be on the Board of the Company till July 14, 2023 as Non-Executive, Non- Independent Director and will help with the transition. Consequently, Ms. Nisha Dutt resigned from the position of Independent Director of the Company effective from May 1, 2023. The Company has received confirmation from Ms. Nisha Dutt that there are no material reasons for her resignation other than those provided in the resignation letter dated April 17, 2023.

The disclosures in this regard as per Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be given in due course.