Outcome of Postal Ballot
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Odyssey Corporation Limited announced the results of its postal ballot conducted via e-voting from June 13 to July 12, 2025. All four special resolutions were approved with overwhelming majority (99.99% in favour). The resolutions relate to regularization and appointment of four directors: Mr. Anand Chauhan, Mr. Sharad Kumar Vyas, and Mr. Harendra Mukeshbhai Sevak as Non-Executive Independent Directors, and Ms. Tanaisha Devang Vyas as Non-Executive and Non-Independent Director. Out of 7.5 crore total shares, about 1.37 crore shares (18.26%) were voted. Promoters voted 100% in favour (1.36 crore shares out of their 2.87 crore holding), while public non-institutional shareholders showed very low participation with only 64,519 shares (0.14%) polled, of which 99.44% were in favour. The scrutinizer, Jaymin Modi & Co., confirmed the results on July 14, 2025.
The appointments strengthen the company's board with three new independent directors and one non-independent director, which may improve corporate governance. The near-unanimous approval and full promoter support suggest no governance controversy, though the extremely low public shareholder participation (0.14%) is notable.