Odigma Consultancy Solutions Limited has informed the Exchange regarding Notice of Postal Ballot
ODIGMA · price
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Odigma Consultancy Solutions has issued a Postal Ballot notice to shareholders for two key approvals. The first is a Special Resolution to re-appoint Mr. Mathew Jose (DIN: 08781735) as Managing Director for a further 3 years with effect from May 29, 2026, with remuneration capped at Rs. 2.50 Crore per annum, a sharp increase from his FY25 remuneration of Rs. 45 Lakhs. The second is an Ordinary Resolution seeking approval for material related party transactions with AvenuesAI Limited (a common-director entity holding over 2% of paid-up capital) for an additional Rs. 600 Lakhs, taking the aggregate approved limit to Rs. 1,250 Lakhs. E-voting will run from February 25, 2026 (9:00 AM IST) to March 26, 2026 (5:00 PM IST), with results announced within 2 working days. The company also disclosed FY25 revenue of Rs. 4,733.89 Lakhs and profit after tax of just Rs. 38.99 Lakhs, alongside targets of 20–30% revenue growth and 10% EBITDA margin improvement by FY27.
Shareholders should evaluate both items carefully: the Managing Director's pay ceiling is being raised by more than five times, and the related party transaction cap is being nearly doubled. Approval of both resolutions is needed for continuity of leadership and continued business with AvenuesAI; the outcome will be known by end-March 2026 and could be a near-term event for the stock.