Odyssey Corporation Limited has successfully acquired the remaining 20% equity stake in Odyssey Infrabuild Private Limited, converting it into a wholly owned subsidiary. The company informed BSE Limited about this strategic acquisition through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Acquisition Details

The transaction involves the purchase of the remaining minority stake in Odyssey Infrabuild Private Limited, which was previously a subsidiary of Odyssey Corporation Limited. The acquisition was executed on March 28, 2026, with the Board of Directors meeting held from 12:45 pm to 01:30 pm IST to approve the transaction.

Transaction Structure and Valuation

The acquisition has been structured as a related party transaction, with promoter and promoter group companies having existing interests in Odyssey Infrabuild Private Limited. To ensure compliance and fairness, the transaction was conducted on an arm's length basis. The valuation of shares was determined by an independent Registered Valuer, and the consideration was based on this professional valuation report.

Strategic Rationale

The acquisition represents a strategic investment for Odyssey Corporation Limited, aimed at strengthening its position in the construction contracts sector. Odyssey Infrabuild Private Limited operates from its registered office at B/102 Haridarshan Co-operative Housing Society, KES Law College, Bhogilal Phadia Road Kandivali (W), Mumbai 400067.

Regulatory and Governance Framework

The transaction did not require any governmental or regulatory approvals. The shareholders have established a governance and ownership framework designed to support decisive leadership, long-term vision, and efficient execution through the complete ownership structure. The framework ensures streamlined management and clarity of responsibility while maintaining customary governance protections and information rights.

Impact on Operations

The acquisition is expected to result in consolidation of financials for Odyssey Corporation Limited. With complete ownership of Odyssey Infrabuild Private Limited, the company gains enhanced control over its construction contracts operations and can implement more integrated business strategies across its subsidiary operations.

The transaction was signed by Wilson Marshal John, Whole Time Director (DIN: 02044154), on behalf of the Board of Directors of Odyssey Corporation Limited.

Odyssey Corporation Ltd. held its separate meeting of independent directors on March 17, 2026, fulfilling regulatory requirements under corporate governance norms. The meeting was conducted to review various aspects of board performance and governance effectiveness.

Meeting Agenda and Key Activities

The independent directors addressed three primary areas during their session:

Meeting Duration and Timeline

The independent directors' meeting was efficiently conducted within a focused timeframe:

• Start Time: 03:00 P.M.
• End Time: 03:40 P.M.
• Total Duration: 40 minutes
• Date: March 17, 2026

Governance and Compliance

The separate meeting of independent directors represents a crucial component of corporate governance framework, ensuring independent oversight of board functions. The assessment of information flow between company management and the board is particularly significant for maintaining effective governance standards.

Harendra Mukeshbhai Sevak, Independent Director with DIN 09804730, communicated the meeting outcomes to BSE Limited as part of regulatory disclosure requirements under Regulation 30. The company maintains its registered office in Mumbai and operates under CIN L67190MH1995PLC085403.