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 .

Odyssey Corporation Limited has successfully converted 78,50,000 convertible warrants into equity shares following board approval on May 02, 2026. The conversion represents a significant milestone in the company's capital structure optimization, with all shares being allotted to promoter entities.

Warrant Conversion Details

The board of directors approved the conversion under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Sections 62 and 42 of the Companies Act, 2013. Each convertible warrant was converted into one equity share at a conversion price of ₹14 per share.

Allotment to Promoters

The equity shares have been allotted exclusively to three promoter entities, with Pooja Equiresearch Private Limited receiving the largest allocation. The allotment strengthens promoter shareholding in the company.

Regulatory Compliance

The conversion was executed in accordance with Regulation 169 of the SEBI ICDR Regulations, ensuring full regulatory compliance. The company received the complete subscription amount as prescribed under the regulations before proceeding with the conversion.

Key compliance aspects include:

• Adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015
• Following SEBI Circular SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023

Board Meeting Proceedings

The board meeting was conducted at the company's registered office on May 02, 2026, commencing at 11:30 AM and concluding at 12:10 PM. Wilson Marshal John, Whole Time Director (DIN: 02044154), signed the official communication to the Bombay Stock Exchange.

The conversion represents the completion of a preferential allotment process through warrant conversion, providing the company with additional capital while maintaining promoter control. With some warrants still pending conversion by two promoter entities, further equity expansion may occur in the future.