Outcome of Board Meeting

November 03, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no. C/l Dalal Street, G Block, Bandra-Kurla Complex Mumbai- 400 001 Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532348 NSE Symbol: SUBEXLTD Dear Sir/Madam, Sub: Subex Limited “The Company”- Outcome of the Board Meeting held on November 3, 2026 Further to our letter dated October 10, 2026 and pursuant to SEBI (Listing Obligations and Disclo- sure Requirements) Regulations, 2015 (“Listing Regulations”), the meeting of Board of Directors of the Company was held as scheduled today, i.e., November 3, 2026 and the Board inter-alia considered and approved the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026, along with the Reports issued by the Statutory Auditors. Please find enclosed: a) The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. b) A copy of the press release intended to be published to the media by the Company. c) Conference Call Invite: In terms of Regulation 30 of the Listing Regulations, the Manage- ment will host a conference call on Wednesday, November 4, 2026, at 11:00 A.M. (1ST) and the details of the Conference call are enclosed herewith. The meeting commenced at 4.15 P.M. and concluded at 6:15 P.M. The above information is also being made available on the website of the Company at www.subex.com. We request you to take the above information on record. Thanking you, Yours faithfully, For Subex Limited Ramu Akkili Company Secretary & Compliance Officer Encl: as above MSKC & Associates LLP SV Tower, No. 27, Floor 4 80 Feet Road, 6th Block, Koramangala Bengaluru 560095, INDIA Chartered Accountants Independent Auditor’s Review Report on Standalone unaudited financial results of Subex Limited for the quarter and six months ended September 30, Z026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Subex Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results of Subex Limited (hereinafter referred to as ‘the Company’) for the quarter and six months ended September 30, 2026 (‘the Statement’) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘the Regulations’). 2. This Statement, which is the responsibility of the Company’s Management and has been approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ‘Interim Financial Reporting’, prescribed under Section 133 of the Companies Act, 7013 (‘the Act’) read with relevant rules issued thereunder (‘Ind AS 34’) and other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For M S K C 6 Associates LLP Chartered Accountants ICAI Firm Registration Number: 001595S/S000168 Virinchi Nandula V S D Membership No.: 229826 UDIN:.AfaXX^&24>U>Rf\VX£<m Place: Bengaluru Date: November 03, 2026 Registered Office: 10:!; Floor, Level 13*, Module 4, 21/22, Olympia Cyberspace, Alandur Road, Amlaiyammanpet, Guindy, Chennai 600032, Tamil Nadu, India Tel: +91 44 6131 02001 LLPIN: ACK.-7004 Ahmedabad | Chennai | Gumgram | Hyderabad | Kolkata | Mumbai | Pune SUBEX LIMITED Registered office: Pritech Park - SEZ. Block-09, 4th Floor, B Wing, Survey No. 51-64/4, Outer ring road, Bellnndur Village,Vnrtluir Hobli, Bengaluru -560 103 Statement of standalone unaudited financial results for the quarter and six months ended September 30, 2026 (? in Lakhs) Quarter ended Year to date figurcsl for the six months ended Year ended Particulars September 30,2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31,2026 Unaudited Unaudited Unaudited U ii audited Unaudited Audited Income Revenue from operations 7,909 7,278 6,351 15,187 12,607 25,607 Otiler income 190 30! 106 491 1,647 3,142 1 Total Income 8,099 7,579 6,457 15,678 14.254 28,749 Expenses Employee benefits expense 3,188 2,600 2.747 5,781"! 5,554 10,975 Finance costs 56 59 67 n? 159 296 Depreciation and amortization expense 232 239 258 47| 627 1,158 Impairment allowance for trade receivables (53) (141) (123) (193) (40) (1,986) Share of (Profit) / loss from Limited Liability Partnerships (net) (refer note 3) (19) (49) 345 (68) 466 (353) Other expenses 3,683 3,926 3.427 7,608 6,994 14,448 2 Total expenses 7,087 6,634 6,721 13,721 13,760 24,538 3 Profit before exceptional items and tax expense (1-21 1,012 945 (264) 1,957 494 4,211 Exceptional items Share of Loss from Limited liability Partnersliips Impairment of investment in subsidiary (refer note 7) - • - - - 2,847 Statutory impact of new labour codes - - - - - 448 4 Total exceptional items ■ - - - ' 3,295 5 Profit/(Loss) before tax expense (3-4) LOU 945 (264) 1,9517 494 916 Tax expense, net Current tax 35 - - 35 - 31 Provision - foreign income taxes ___(24) 90 72 66 143 299 6 Total tax expense til 90 72 101 143 330 7 Net Profit/(Loss) for the period/ year (5-6) 1,001 855 (336) 1,856 351 586 Other comprehensive income/(loss), net of tax expense Items that will not he reclassified subsequently to profit or loss Re-measurement loss on defined benefits plan (116) - (29) (i ib) (29) (H) Fair value changes on equity instruments, net (refer note 6) 663 663 8 Total other comprehensive income/doss) 547 - ______________(29) 547 (29) nn 9 Total comprehensive income for the period/ vear (7+8) 1,548 855 (365) 2.403 322 575 10 Paid up equity share capital 28.100 28,100 28,100 28,1 CIO 28,100 28.100 (face value of ? 5 per share] 11 Oilier equity - - - - (10,941) 12 Earnings per share (of? 5/- each) (not annualised in case of the interim periods) - Basic (?) 0,18 0.15 (0.06) 0.33 0.06 0.11 - Diluted (?) 0.18 0.15 (0.06) 0.33 0.06 0.11 SUBEX LIMITED Registered office: Pritecli Park - SEZ, Block-09, 4th Floor, B Wing, Survey No. 51-64/4, Outer ring road, Bellnndur Village,Varthur Hobli, Bengaluru -560 103 Statement of Standalone Assets ami Liabilities (2 in Lakhs) As at As at Particulars September 30 [Showing first 8,000 characters — download PDF for full document]