Submission of Scrutinizer Report and Voting Result of the Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Odyssey Corporation Limited conducted a postal ballot that concluded on May 17, 2026, with all six special resolutions passed overwhelmingly. Shareholders approved the regularization of Wilson Marshal John as Executive Whole-Time Director and Hemanshu Ramniklal Mehta as Non-Executive Non-Independent Director. The company also received approval to adopt new Memorandum and Articles of Association under the Companies Act 2013. Additionally, shareholders approved related party transactions and authorization for loans/guarantees under Section 185. Out of 81.6 million total shares, only 3.27 million votes were cast (4% turnout), with promoters contributing 3.25 million votes and public shareholders casting 18,858 votes. All resolutions received approximately 99.99% in favor.
The near-unanimous approval signals strong promoter backing for the company's governance changes and director appointments. The low voter turnout (4%) is typical for postal ballots and means decisions were effectively driven by the promoter group. Adoption of new MOA/AOA aligns the company with current legal requirements. The related party transaction approval and Section 185 authorization provide operational flexibility but may require ongoing monitoring by minority shareholders.