SUBEX LTD. - Updates

July 20, 2017<BR> <BR> To<BR> The National Stock Exchange of India Limited<BR> BSE Limited<BR> Mumbai, India<BR> <BR> Dear Sir/Madam,<BR> <BR> Sub: Cancellation of Employee Stock Options (ESOPs)<BR> <BR> Please be informed that the ESOPs Committee/Compensation Committee of the Board of Directors of the Company today has cancelled 3,466 ESOPs for the quarter of April-June 2017 in accordance with the terms and conditions under the Employee Stock Option Plans of the Company- ESOP 2005, ESOP 2008 and the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014<BR> <BR> We request you to take the aforesaid notification on record.<BR>