REG - Subex Limited - Outcome of the Board Meeting- August 9, 2016 <Origin Href="QuoteRef">SUBX.NS</Origin>

SubexAnnouncement

10/08/2016 10:45

RNS Number : 7949G
Subex Limited
10 August 2016
 
August 10, 2016
To
TheLondon Stock Exchange
10PaternosterSquare
London
EC4M 7LS 
DearSirs,
Sub: Subex Limited 'The Company'-OutcomeoftheBoardMeeting heldon August 9, 2016
Please be informed that the agenda item summarized hereunder was discussed and approved at the Board Meeting held on August 9, 2016
 The Audit Committee of the Board met to consider the unaudited financial statement for the Quarter ending June 30th 2016. On review, the Audit Committee was of the opinion, that certain matters required further deliberations to be in compliance with IND-AS. In view of this, the Audit Committee decided to defer consideration and recommendation of the financial results for quarter ended June 30th 2016 to the Board of Directors to September 12, 2016. 
 Re-appointment of Mr. Surjeet Singh as the Managing Director & CEO of the Company, for a period of one year from October 5, 2016 to hold office until October 4, 2017 as per the terms of appointment.
We requestyou to takethe aforesaid notificationon record.
Yours faithfully
For and on behalfofSubexLimited
Ganesh K V
Chief Financial Officer, Global Head -Legal and CompanySecretary




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