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.

Odyssey Corporation Limited has successfully completed the conversion of 66,00,000 convertible warrants into equity shares, as approved by its Board of Directors during a meeting held on February 03, 2026. The conversion represents a significant capital restructuring exercise for the company, involving its promoter entities.

Conversion Details and Pricing Structure

The warrant conversion was executed under a preferential allotment structure, with each convertible warrant being converted into one equity share at a conversion price of ₹14 per share. The equity shares carry a face value of ₹5 each, representing a premium of ₹9 per share.

Promoter Participation and Warrant Status

Two promoter entities participated in the warrant conversion exercise, with varying levels of conversion from their respective holdings. Pooja Equiresearch Private Limited converted 18,50,000 warrants from its total holding of 87,50,000 warrants, leaving 69,00,000 warrants pending for future conversion. The company received ₹1,94,25,000 from this partial conversion.

Alacrity Securities Limited opted for complete conversion of its entire warrant holding, converting all 47,50,000 warrants into equity shares. This full conversion generated proceeds of ₹4,98,75,000 for the company, leaving no pending warrants for this entity.

Regulatory Compliance and Framework

The conversion process was conducted in strict adherence to regulatory requirements, including Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The transaction also complied with Sections 62 and 42 of the Companies Act, 2013, along with associated rules and Regulation 169 of the SEBI ICDR Regulations.

The Board meeting commenced at 5:00 P.M. and concluded at 5:30 P.M. on February 03, 2026, at the company's registered office. The conversion was approved upon receipt of the full subscription amount as prescribed under the regulatory framework.

Outstanding Warrant Position

Following this conversion exercise, Odyssey Corporation retains 69,00,000 convertible warrants pending conversion, all held by Pooja Equiresearch Private Limited. These warrants represent potential future equity conversion opportunities, subject to the exercise decisions of the warrant holder and compliance with applicable conversion timelines under SEBI regulations.