Odyssey Technologies Limited has successfully completed a postal ballot process, with shareholders approving the re-appointment of two key directors for three-year terms. The company announced the results on March 26, 2026, following the completion of e-voting procedures.

Director Re-appointments Approved

Shareholders passed special resolutions approving the following re-appointments:

Both directors are liable to retire by rotation and will serve for a period of three years under their new appointments.

Leadership Profiles and Experience

Mr. B.Robert Raja brings over 35 years of experience in computers and programming to his role as Chairman and Managing Director. As the company's primary technology strategist, he specializes in cryptography and has been actively involved in information technology with particular focus on information security. Under his direction, Odyssey has developed a highly skilled technical team focused on creating next-generation security solutions. His background includes distinguished government service as a member of the Indian Revenue Service (Income Tax), which contributes to his strategic leadership capabilities.

Mr. B.Antony Raja serves as Whole-time Director & CFO, bringing over three decades of experience in finance, administration, and human resources management. He has been instrumental in the successful marketing of the company's products, significantly enhancing performance since the company's inception. His responsibilities include managing day-to-day operations and ensuring compliance with statutory, legislative, and regulatory requirements.

Corporate Governance and Compliance

The disclosure reveals that both directors are brothers, maintaining transparency in relationship disclosures as required under corporate governance norms. The company has confirmed compliance with SEBI requirements, with both directors providing affirmations that they are not debarred from holding office by virtue of any SEBI order or other authority.

Regulatory Compliance

The postal ballot process was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the necessary disclosures with BSE Limited, where it trades under scrip code 530175. Company Secretary & Compliance Officer B. Purnima signed the regulatory filings, ensuring proper documentation and compliance procedures were followed throughout the process.

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.