Odyssey Technologies Limited has successfully completed its postal ballot process with overwhelming shareholder support, achieving 98.43% approval for the re-appointment of two key directors. The company announced the results following the completion of e-voting procedures that concluded on March 26, 2026.

Official Scrutinizer Report Released

The postal ballot was conducted under the supervision of A. Mohan Kumar (FCS-4347), Practicing Company Secretary from Mohan Kumar & Associates, who served as the appointed scrutinizer. The scrutinizer submitted his official report on March 27, 2026, confirming the validity of the voting process and results.

Voting Results and Approval Details

The postal ballot, conducted through remote e-voting from February 25 to March 26, 2026, saw strong participation from public shareholders. The detailed voting results demonstrate clear shareholder confidence in the leadership:

Director Re-appointments Approved

Shareholders passed special resolutions approving the following re-appointments for three-year terms:

Both directors are liable to retire by rotation and will serve under the terms approved by shareholders.

Regulatory Compliance and Governance

The company maintained full transparency throughout the process, with promoter and promoter group votes being considered invalid due to their interest in the resolutions. This ensured that only independent public shareholders' votes were counted in the final tally.

The postal ballot notice was dispatched electronically to all eligible shareholders and published in English newspaper "Trinity Mirror" and Tamil newspaper "Makkal Kural" on February 24, 2026. Company Secretary & Compliance Officer B. Purnima oversaw the regulatory filings and compliance procedures, ensuring adherence to all applicable regulations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Odyssey Technologies Limited has announced a postal ballot notice dated February 11, 2026, seeking shareholder approval for the re-appointment of two executive directors through special resolutions. The information security software company is conducting the ballot exclusively through electronic voting mode, with the process managed by National Securities Depository Limited.

Director Re-appointments Proposed

The postal ballot covers two key executive positions requiring shareholder approval:

Both appointments are proposed for three-year terms and will make the directors liable to retire by rotation. The current tenures of both executives expire on March 31, 2026.

E-voting Process and Timeline

The company has engaged National Securities Depository Limited to provide remote e-voting facilities to all shareholders. The voting process follows a structured timeline:

Mr. A. Mohan Kumar of Mohan Kumar & Associates, Practicing Company Secretary (FCS 4347, COP No.19145), has been appointed as scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Remuneration and Terms

The proposed remuneration packages for both directors reflect their experience and industry standards:

Chairman & Managing Director

Mr. B. Robert Raja, aged 71 years, will receive remuneration up to ₹5,37,500 per month (₹72,00,000 per annum) during his tenure. This represents the same compensation level as his previous term. His background includes over 35 years of involvement in computers and programming, with specialization in cryptography and information security.

Whole-time Director & CFO

Mr. B. Antony Raja, aged 67 years, will receive remuneration up to ₹4,16,270 per month (₹56,00,000 per annum), representing an increase from his previous compensation of ₹50,00,000 per annum. He brings over three decades of experience in finance, administration, and human resources management.

Company Performance Context

The re-appointments come against the backdrop of steady financial performance:

The company has demonstrated consistent revenue growth and maintained profitability across the three-year period, with FY 2024-25 showing revenue growth of 3.51% compared to the previous year.

Regulatory Compliance and Approvals

Both re-appointments require special resolution approval due to regulatory requirements. The aggregate remuneration payable to executive directors who are promoters exceeds 5% of net profits, necessitating special resolution approval under SEBI Listing Regulations. Additionally, prior approval from the audit committee was obtained at the 99th Audit Committee meeting held on February 11, 2026.

The postal ballot notice has been distributed electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date. The notice is also available on the company's website and will be communicated to BSE Limited and the depositories upon completion of the voting process.