BSEOdyssey Corporation LtdMediumNeutral
Announced Wed, 28 May · 21:27 IST

Appointment of Internal Auditor

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Directors of Odyssey Corporation Ltd, at its meeting on May 28, 2025, approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2025. On a standalone basis, total revenue stood at Rs 3,573.58 lacs (vs Rs 3,652.72 lacs in FY24), with profit after tax at Rs 282.11 lacs (vs Rs 366.88 lacs in FY24). On a consolidated basis, total revenue rose to Rs 3,766.81 lacs with profit before tax of Rs 483.07 lacs (vs Rs 359.94 lacs in FY24). The statutory auditors ABN & Co. issued an unmodified opinion. The Board also appointed M/s Yogesh Bhuva & Co., Chartered Accountants as the Internal Auditor for FY 2025-26. Notably, equity share capital rose sharply from Rs 1,969.71 lacs to Rs 3,752.42 lacs due to a preferential allotment of about 3.56 crore shares in November 2024, along with 2.2 crore convertible warrants issued.

Likely market impact

Routine annual results filing with a clean audit report and standard internal auditor appointment — no major red flags. Standalone profits dipped year-on-year, but consolidated numbers improved. The recent preferential share issuance and warrants have substantially strengthened equity, which may dilute existing shareholders depending on warrant conversion.