Odyssey Corporation reported a 243% surge in net profit for the financial year ended March 31, 2026, reaching ₹967.25 lakh compared to ₹282.11 lakh in the previous year. Revenue from operations increased to ₹4,661.53 lakh from ₹2,833.99 lakh in FY25. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

The company’s profit before tax for the year stood at ₹1,127.81 lakh, significantly higher than the ₹329.76 lakh reported in the prior year. For the quarter ended March 31, 2026, net profit was ₹527.98 lakh, a turnaround from the loss of ₹120.84 lakh in the same quarter of the previous year. Total revenue for the quarter rose to ₹2,944.56 lakh.

Financial Performance

The following table summarizes the standalone audited financial results for the year ended March 31, 2026:

Board Decisions and Appointments

During the meeting, the board appointed M/s Yogesh Bhuva & Co., Chartered Accountants, as the internal auditor for the financial year 2026-27 pursuant to Section 138 of the Companies Act, 2013. The firm was appointed at a remuneration decided by the board.

The board also confirmed that the statutory auditors, ABN & Co., Chartered Accountants, have issued an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons, which was closed since April 1, 2026, will reopen 48 hours after the announcement of the results.

Odyssey Corporation Limited has announced the successful completion of its postal ballot process, with shareholders approving all six special resolutions as set out in the Postal Ballot Notice dated April 17, 2026. The voting results, along with the Scrutinizer's Report issued by Jaymin Modi & Co., Company Secretaries, were declared on May 18, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Process and Key Details

The remote e-voting facility, provided through NSDL, was open from Saturday, April 18, 2026 at 9:00 a.m. (IST) to Sunday, May 17, 2026 at 5:00 p.m. (IST). The record date for determining eligible shareholders was April 10, 2026, on which date the total number of shareholders on record stood at 6,296. The Postal Ballot Notice was dispatched electronically to members on April 17, 2026, and an advertisement regarding the dispatch was published on April 18, 2026 in Active Times and Mumbai Lakshadweep. The e-voting results were unblocked by the Scrutinizer on May 18, 2026 at 10:42 a.m. (IST) in the presence of two independent witnesses.

The following table summarizes the key parameters of the postal ballot:

Summary of Resolutions Passed

All six special resolutions were passed with requisite majority. The promoter and promoter group, holding 35,322,696 shares, cast 3,250,000 votes entirely in favour across all resolutions, representing 9.2009% of votes polled on outstanding shares. The public non-institutions category, holding 46,325,790 shares, participated with 18,858 votes polled. No invalid votes were recorded under any category for any resolution.

The table below provides a consolidated view of the voting outcome across all six resolutions:

Director Appointments

Two director regularization resolutions were among the items approved. Resolution 1 pertained to the regularization of Mr. Wilson Marshal John (DIN: 02044154), who was appointed as Executive Whole-Time Director. Resolution 2 covered the regularization of Mr. Hemanshu Ramniklal Mehta (DIN: 00258580) as Non-Executive Non-Independent Director. In both cases, the promoter and promoter group voted entirely in favour, and no promoter interest was declared in either agenda item.

Governance and Structural Resolutions

Beyond board appointments, shareholders also approved the adoption of a new set of the Memorandum of Association aligned with the Companies Act, 2013 (Resolution 3), and a new set of Articles of Association (Resolution 4). Additionally, members approved related party transactions (Resolution 5) and granted authorization to advance loans, give guarantees, or provide security under Section 185 of the Companies Act, 2013 (Resolution 6). All four governance resolutions recorded identical voting patterns, with 3,268,494 votes in favour, representing 99.9889% of total valid votes polled, and 364 votes against, representing 0.0111%.

The Scrutinizer's Report was issued by CS Jaymin Modi of Jaymin Modi & Co. (Membership No. 44248, COP: 16948) on May 18, 2026. The voting results and the Scrutinizer's Report have been made available on the company's website at www.odysseycorp.in .