Subex Limited — Important, 30-03-2025: General Updates

Subex Limited has announced a board meeting to discuss an income tax refund order totaling INR 34.27 crore, pertaining to Assessment Years 2014-15 and 2015-16. This refund includes reduced transfer pricing adjustments and interest amounts, with a taxable income of 'nil' established for both years, enabling these refunds. The company is assessing the impact on its financial statements for the period ending March 31, 2025. This development may create a positive outlook by improving cash flow and easing financial pressures, benefiting shareholder interests.