Odyssey Technologies designates B. Purnima as Senior Manager-Legal

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Reviewed by
Riya DScanX News Team
Key Highlights
  • B. Purnima designated as Senior Manager-Legal and Company Secretary
  • Appointment effective from July 1, 2026
  • Board approved change via circular resolution on September 29, 2026
  • Purnima holds Master in Business Law from National Law School of India University
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Odyssey Technologies has designated B. Purnima as Senior Manager-Legal and Company Secretary & Compliance Officer. The change, effective July 1, 2026, expands her existing compliance responsibilities to include legal oversight.

The Board of Directors approved the additional designation via a circular resolution on September 29, 2026. This decision followed a recommendation from the Nomination & Remuneration Committee. The company informed the stock exchange in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile and qualifications

Purnima’s appointment leverages her dual expertise in corporate governance and legal compliance. Her professional background includes:

  • Qualification as a Company Secretary
  • Master in Business Law from the National Law School of India University, Bengaluru
  • Relevant certifications in cybersecurity

The company stated that her proficiency in these areas supports the expanded role. The designation integrates legal functions with her ongoing duties as Company Secretary and Compliance Officer.

Regulatory disclosures

The intimation was filed under Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023, and updated on January 30, 2026.

Key details regarding the appointment are outlined below:

Particulars Disclosure
Reason for change Assignment of additional designation of "Senior Manager-Legal"
Effective date July 1, 2026
Approval date September 29, 2026
Relationship to Directors Not applicable

The circular resolution was passed at 5:18 pm on Tuesday, September 29, 2026. The company confirmed that this action is for information and record purposes.

Historical Stock Returns for Odyssey Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+2.01%-3.17%+16.83%+8.73%-46.84%-3.75%

How will the consolidation of legal and compliance roles under one officer impact Odyssey Technologies' response time to regulatory inquiries?

What specific cybersecurity risks is the company prioritizing given the appointee's specialized certifications?

Does this internal restructuring signal a broader trend of leaner governance structures among mid-cap Indian tech firms?

Odyssey Technologies Q1 Results: Net Profit Falls 69% YoY To ₹21.56 Lakh

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Reviewed by
Naman SScanX News Team
Key Highlights

Odyssey Technologies Limited posted a net profit of ₹21.56 lakh for Q1FY27, a 59.9% decline from ₹53.85 lakh in Q1FY26. Total income fell 4.6% to ₹643.80 lakh. The Board approved the results on July 29, 2026, and filed them with BSE Ltd under SEBI LODR regulations.

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Odyssey Technologies Limited reported a sharp decline in profitability for the quarter ended June 30, 2026, with net profit after tax falling nearly 60% year-on-year. The Chennai-based technology solutions provider posted a net profit of ₹21.56 lakh for Q1FY27, compared to ₹53.85 lakh in the corresponding period of FY26. Total income also contracted by 4.6% to ₹643.80 lakh from ₹674.73 lakh in Q1FY26, signaling a slowdown in top-line growth alongside margin compression.

The Board of Directors, chaired by Chairman and Managing Director B Robert Raja, approved the standalone unaudited financial results on July 29, 2026. The results were reviewed by the Audit Committee and filed with BSE Ltd under Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, the company published the results in "Trinity Mirror" and "Makkal Kural" editions dated July 30, 2026.

Financial Performance Highlights

The following table outlines the key financial metrics for Q1FY27 compared to the previous quarter and fiscal year:

Particulars Q1FY27 (₹ Lakh) Q1FY26 (₹ Lakh) FY26 (₹ Lakh)
Total Income 643.80 674.73 3,023.77
Net Profit (Pre-tax) 29.78 72.98 541.56
Net Profit (Post-tax) 21.56 53.85 402.33
EPS - Basic (₹) 0.14 0.34 2.53
EPS - Diluted (₹) 0.14 0.34 2.52

Equity share capital increased slightly to ₹1,594.21 lakh from ₹1,590.49 lakh in the preceding periods. Other equity remained undisclosed for the current quarter but stood at ₹4,350.35 lakh for FY26.

What the Numbers Show

The divergence between pre-tax and post-tax profit margins indicates a higher effective tax burden or other adjustments impacting the bottom line. While pre-tax profit declined by 59.2% to ₹29.78 lakh, the post-tax figure saw a steeper drop of 59.9%. This suggests that operational efficiencies did not fully offset the revenue decline, leading to compressed absolute profits. The earnings per share of ₹0.14 represents a 58.8% drop from ₹0.34 in Q1FY26, directly impacting shareholder value realization for the period.

Historical Stock Returns for Odyssey Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+2.01%-3.17%+16.83%+8.73%-46.84%-3.75%

What specific operational or market factors drove the 4.6% contraction in total income for Q1FY27, and are these headwinds expected to persist in subsequent quarters?

How does management plan to address the margin compression and restore profitability growth given the sharp 60% decline in net profit after tax?

Will Odyssey Technologies adjust its full-year FY27 earnings guidance in light of this significant Q1 performance miss compared to the previous fiscal year?

More News on Odyssey Technologies

1 Year Returns:-46.84%