Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026

August 05, 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 August 5, 2026 Further to our letter dated July 06, 2026 and pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the meeting of Board of Directors of the Company was held as scheduled today, i.e., August 5, 2026 and the Board inter-alia considered and approved the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, along with the Reports issued by the Statutory Auditors. 2. Formulation and implementation of Subex Employee Stock Option Plan 2026 (“ESOP 2026”) for granting options to the Eligible Employees of the Company and its Subsidiaries upto 5% of the total paid up equity shares of the Company, in one or more tranches, in compliance with the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 [“SEBI (SBEB) Regulations”], subject to the approval of the Shareholders of the Company. 3. Implementation of the Scheme through the Trust Route, with the existing Trust i.e., Subex Em- ployees Benefit ESOP Trust (“Trust”), wherein the said Trust shall acquire the existing equity shares of the Company by way of Secondary Acquisition from the open market in compliance with the SEBI (SBEB) Regulations and Listing Regulations, subject to approval of the Share- holders of the Company. Further, the information as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, is attached as “Annexure-1”. Please find enclosed: a) The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 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 Thursday, August 6, 2026, at 11:00 A.M. (1ST) and the details of the Conference call are enclosed herewith. The meeting commenced at 2.30 P.M. and concluded at 4:10 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 Itoad, 6th Block, Koramangala Bengaluru 5SC095, INDIA Chartered Accountants Independent Auditor’s Review Report on Standalone unaudited financial results of Subex Limited for the quarter ended June 30, 2026, 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 ended June 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, 2013 (‘the Act’) read with relevant rules issued thereunder (‘Ind AS 34’) and other 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) 7410, ‘‘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 statements 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 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. 5. The Statement of the Company for the quarter ended June 30, 707.5 was reviewed by another auditor whose report dated August 11, 2025 expressed an unmodified conclusion on those Statement. Our conclusion is not modified in respect of the above matter. For M S K C & Associates LLP Chartered Accountants ICAI Firm Registration Number: 001595S/S000168 /\) \l S Tr^ 4* e 01» Virinchi Nandula VSD Membership No.: 229826 UDIN: a b & lA 'a X P U t Place: Bengaluru Date: August 05, 2026 Registered Office: 10* Floor, Level 13* Module 4,21/22, Olympia Cyberspace. Alandur Road, Arulaiyammanpet, Guindy, Chennai 600032, Tamil Nadu, India Tel: +91 44 6131 0200 | LLPIN: ACK-7004 Ahmedabad | Chennai [ Gurugram | 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, Bellandur Village,Varthur Hobli, Bengaluru -560 103 Statement of Standalone unaudited financial results for the quarter ended June 30, 2026 (? in Lakhs) Quarter ended Year ended Particulars June 30, 2026 March 31, 2026 June 30,2025 March 31, 2026 Audited Unaudited Unaudited Audited (Refer note 6) Income Revenue from operations 7,278 6,456 6,256 25,607 Other income 301 1,153 1,541 3,142 1 Total income 7,579 7,609 7,797 28,749 Expenses Employee benefits expense 2,600 2,751 2,807 10,975 Finance costs 59 74 92 296 Depreciation and amortization expense 239 278 369 1,158 Impairment allowance for trade receivables (141) (2,048) 83 (1,986) Share of (Profit) / loss from Limited Liability Partnerships (net) (refer note 3) (49) (891) 121 (353) Other expenses 3,926 3,885 3,567 14,448 2 Total expenses 6,634 4,049 7,039 24,538 3 Profit before exceptional items and tax expense (1-21 945 3,560 758 4,211 Exceptional items Share of Loss from Limited liability Partnerships Impairment of investment in subsidiary (note 8) 2,847 2,847 Statutory impact of new labour codes (refer note 7) 20 448 4 Total exceptional items 2,867 3,295 5 Profit before tax expense (3-41 945 693 758 916 T ax exp ense, n et Current tax 31 Provision - foreign income taxes 90 89 71 299 6 Total tax expense 90 89 71 330 7 Net Profit for the period/ year (5-6) 855 604 687 586 Other comprehensive income/(loss), net of tax expense Items that -will not be reclassified subsequently to [Showing first 8,000 characters — download PDF for full document]