Subex has informed that the board of directors of the company on July 06, 2012, have approved the resignation of Subash Menon as chairman of the board of the company with immediate effect. He will continue as the managing director of the company.
Further the board appointed Surjeet Singh and Karthikeyan Muthuswamy as additional directors, being nominee director of the holders of the U.S.$ denominated 5.70 per cent, secured convertible bonds to be issued under a cashless offer to the outstanding U.S.$ 180,000,000 2% FCCBs and the outstanding U.S.$98,700,000 5% FCCBs.
The above information is a part of company's filings submitted to BSE.
