Subex Ltd — Audit Report / Information 2021

Jun 14, 2021

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June 14, 2021

To BSE Limited The National Stock Exchange of India Limited

Dear Sir/Madam,

Sub: Subex Limited “The Company”-Disclosure of Related Party Transactions pursuant to Regulation 23 (9) of the SEBI (LODR) Regulations, 2015

Pursuant to Regulation 23 (9) of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions on a consolidated basis for the half-year ended March 31, 2021. The Audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2021, were approved by the Board of Directors at their meeting held on May 17, 2021.

We request you to take the same on record.

Thanking you.

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Subex Limited Notes to the consolidated financial statements for the period ended March 31, 2021

31. Related party transactions

Related parties under Ind AS 24 and Companies Act, 2013

Trust that is consolidated

Subex Employee Welfare and ESOP Benefit Trust

Key management personnel of the Company:

Key management personnel of the	Company:
Anil Singhvi	Chairman, Non-Executive & Non-Independent Director (w.e.f June 18, 2020)
	Chairman & Independent Director (upto June 17, 2020)
Nisha Dutt	Independent Director
Poornima Kamalaksh Prabhu	Independent Director
George Zacharias	Independent Director (w.e.f. May 13, 2019)
Vinod Kumar Padmanabhan	Managing Director & Chief Executive Officer
	Designated Partner of Subex Assurance LLP
	Designated Partner of Subex Digital LLP
Shiva Shankar Naga Roddam	Whole-time Director & Chief Operating Officer (w.e.f February 7,2020)
Venkatraman G S	Chief Financial Officer & Senior Vice President
	Designated Partner of Subex Assurance LLP
	Designated Partner of Subex Digital LLP
G V Krishnakanth	Company Secretary & Compliance Officer

ii. Details of transactions with key management personnel during the period ended March 31, 2021:

Details of transactions with key management personnel during the period ended March 31, 2021:
Salary and perquisites:Vinod Kumar Padmanabhan (includes remuneration from Subex Assurance LLP)*Venkatraman G S **G V Krishnakanth *Shiva Shankar Naga Roddam DividendVinod Kumar PadmanabhanVenkatraman G SShiva Shankar Naga RoddamDirector sitting feesAnil SinghviNisha DuttPoornima PrabhuGeorge ZachariasCommission payableAnil SinghviNisha DuttPoornima PrabhuGeorge Zacharias	Rs. In lakhs
	Half year endedMarch 31, 2021
	90682462
	244
	221
	5
	10895
	32
	12121212
	48

• The remuneration to the key managerial personnel does not include the provision/ accruals made on best estimate basis as they are determined for the Group as a whole.

**During the year ended March 31, 2021, the Company has granted Nil ESOPs (March 31, 2020 : 1,800,000 ESOPs) to certain key management personnel under ESOP 2018 scheme. Of the aforesaid ESOPs, 560,000 (March 31, 2020 : 425,000) options has been exercised during the year. Refer note 33 of the Consolidated Financial Statements.

*** Commission payable to Independent Directors and Non- Executive Director is subject to the approval of shareholders at the Annual General Meeting of the Company.