Odyssey Corporation shareholders approved all four ordinary resolutions proposed at the company's 31st Annual General Meeting held on September 30, 2026. The voting results, disclosed to the stock exchange, show overwhelming support for the adoption of FY26 financial statements and the declaration of dividends.

The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs circulars. Wilson Marshal John, Whole-Time Director, chaired the session after confirming the requisite quorum. The scrutinizer's report confirmed that no votes were cast against the resolutions by promoter groups, while public non-institutional investors recorded minimal dissent.

Voting outcomes on key resolutions

The shareholders voted on four primary items of ordinary business. Each resolution received approval from 99.99% of the valid votes cast. The promoter and promoter group held 43,172,696 shares, casting 27,615,426 votes in favor across all agenda items. Public non-institutional shareholders held 46,325,790 shares but cast only 10,280 votes, with 100 votes recorded against each resolution.

Scrutiny and participation details

Remote e-voting commenced on September 26, 2026, at 9:00 am and concluded on September 29, 2026, at 5:00 pm. Jaymin Modi & Co., Practicing Company Secretaries, served as the scrutinizer. The report indicated that 56 members voted in favor via remote e-voting, while 1 member voted against. No poll forms were submitted during the AGM itself.

Participation data reveals that 5 promoters and 45 public shareholders attended the meeting through video conferencing. The total number of shareholders on the record date was 6,632. The scrutinizer certified that all electronic data and relevant records of voting would remain in custody until the Chairman approves and signs the minutes.

What the numbers show

The voting pattern highlights a significant concentration of power within the promoter group. Promoters held 48.2% of the total outstanding shares (43,172,696 out of 89,498,486) and exercised 99.96% of the total votes polled. Public participation was negligible, with non-institutional public shareholders voting less than 0.03% of their holding. This structure ensures that management proposals are passed regardless of minor dissent from minority holders.

Odyssey Corporation promoter Hemanshu Ramniklal Mehta acquired 48,000 equity shares through an off-market transfer in the nature of a gift on September 9, 2026.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Mehta, who belongs to the promoter group, increased his holding in the company listed on BSE Limited.

Holding Changes

Before the transaction, Mehta held 4,85,120 shares carrying voting rights, representing 0.54% of the total share capital and 0.54% of the diluted share capital. There were no encumbrances, warrants, or other instruments entitling him to voting rights prior to this acquisition.

The off-market gift transfer added 48,000 shares to his portfolio, increasing his stake by 0.05% in both total and diluted terms. No voting rights were acquired otherwise than by shares, and no convertible securities were involved in the transaction.

Post-Transaction Position

Following the acquisition, Mehta’s total holding stands at 5,33,120 shares carrying voting rights. This represents 0.60% of the total share/voting capital and 0.60% of the total diluted share/voting capital of Odyssey Corporation.

The company’s equity share capital remains unchanged at ₹44,74,92,430, comprising 8,94,98,486 equity shares of ₹5 each. The total diluted share capital also remains at ₹44,74,92,430.