Subex subsidiary enters voluntary liquidation following NCLT order

Subex Limited has confirmed that the National Company Law Tribunal (NCLT), Bengaluru Bench, approved the voluntary liquidation of its wholly-owned subsidiary, Subex Account Aggregator Services Pvt Ltd (SAASPL), on November 27, 2025. The certified copy of the order was received on December 1, 2025. This move aligns with Section 59 of the Insolvency and Bankruptcy Code, 2016.

The company states that SAASPL is not a material subsidiary, and its liquidation will not significantly impact Subex Limited's business operations, accounting policies, or financial performance. The voluntary liquidation process for SAASPL commenced following a board decision on March 20, 2025, and Shri Hari Babu Thota was appointed as the liquidator.

The liquidation involved the settlement of a claim for INR 29,500 and the distribution of remaining proceeds to equity shareholders. The total receipts into the liquidation account amounted to INR 2,29,66,082, with payments matching this total, as audited by Varun S and Co., Chartered Accountants, for the period between April 25, 2025, and May 31, 2025.