Odyssey Corporation promoters acquire 78.50 lakh shares

Promoters of Odyssey Corporation Ltd have increased their stake in the company by acquiring 78.50 lakh shares through a preferential issue. The acquisition raises the promoters' total holding to 48.24% of the paid-up equity share capital, up from 43.26% prior to the transaction. The shares were allotted on July 3, 2026, as per the disclosure submitted to the stock exchange.

The disclosure was made by Pooja Equiresearch Private Limited on behalf of the promoter and promoter group, adhering to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers include Himanshu Ramniklal Mehta, Pooja Hemanshu Mehta, Bina Hemanshu Mehta, Hiten R Mehta, Alacrity Securities Limited, Pooja Equiresearch Private Limited, Sagar Hiten Mehta, and Karishma Hemanshu Mehta.

Acquisition Details

The preferential allotment resulted in the issuance of 78.50 lakh equity shares, representing an 8.77% increase in the promoters' stake relative to the total share capital. The mode of acquisition was specifically via preferential issue, with the date of receipt of trading approval recorded as July 3, 2026.

Capital Structure Changes

The transaction has altered the capital structure of Odyssey Corporation Ltd. Prior to the acquisition, the company's equity share capital stood at 8,16,48,486 shares. Post-allotment, the total equity share capital has increased to 8,94,98,486 shares. All shares carry a face value of Rs. 5 each.

Parameter	Value
Shares acquired	78,50,000
Pre-acquisition holding	3,53,22,696 shares (43.26%)
Post-acquisition holding	4,31,72,696 shares (48.24%)
Total capital post-issue	8,94,98,486 shares
Face value	Rs. 5 each

The total diluted share capital remains unchanged at 8,94,98,486 shares, indicating there are no outstanding convertible securities or warrants that would further dilute the equity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.68%	-1.61%	-14.50%	-8.45%	-50.52%	+127.80%

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:

Particulars	For the Year Ended 31.03.2026 (₹ in Lacs)	For the Year Ended 31.03.2025 (₹ in Lacs)
Revenue from operations	4,661.53	2,833.99
Total Revenue	6,363.15	3,573.58
Total Expenses	5,235.34	3,243.82
Profit before tax	1,127.81	329.76
Net Profit	967.25	282.11
Earnings per share (Basic)	1.18	0.53

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.