Subex Ltd: Shareholders approve appointment of Mr. Stephane Le Letty as Director
Subex Limited shareholders approved the appointment of Mr. Stephane Raymond Marie Le Letty as a Non-Executive and Non-Independent Director. The resolution passed via postal ballot on May 16, 2026, with 96.36% of votes in favour. The appointment is effective from May 16, 2026.
The appointment of a director is a significant corporate action that can influence the company's strategy and operations, hence a medium impact.
The appointment of a new director, approved by shareholders, is a positive development for the company's governance and strategic direction.
Subex Limited announced that the company sought and received approval from its members for the appointment of Mr. Stephane Raymond Marie Le Letty as a Director (Non-Executive and Non-Independent) of the Company. The resolution was passed through postal ballot, with the last date for e-voting being May 16, 2026. The voting results, along with the Scrutinizer’s Report, have been submitted to the BSE Limited and the National Stock Exchange of India Limited. The results are also available on the company's website and the NSDL e-voting portal. Mr. Le Letty is liable to retire by rotation.
The postal ballot notice was issued on April 13, 2026, and the record date for determining eligible shareholders was April 10, 2026. The remote e-voting commenced on April 17, 2026, and concluded on May 16, 2026. The scrutiny of the votes confirmed that the resolution was passed with the requisite majority. Out of the total votes polled, 96.36% were in favour of the resolution, and 3.64% were against.
Subex Limited also provided details on the voting process, including the number of shareholders who voted for and against the resolution. Public non-institutional investors showed a strong majority in favour, with 95.16% of their votes cast in favour. The company secretary and compliance officer, Ramu Akkili, confirmed the outcome.
What to do with a filing like this
Subex Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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