Outcome of Board Meeting held on April 29, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Odyssey Technologies' Board approved audited financial results for the quarter and year ended March 31, 2026. Revenue from operations stood at Rs. 2,730.18 lakhs, nearly flat compared to Rs. 2,725.69 lakhs in the previous year. Profit after tax declined to Rs. 402.33 lakhs from Rs. 433.13 lakhs, a drop of about 7%, and EPS fell to Rs. 2.53 from Rs. 2.73. The Board recommended a final dividend of Rs. 1 per share (face value Rs. 10), with a record date of May 6, 2026, pending shareholder approval at the AGM on June 3, 2026. Statutory auditor M/s. Sekar & Co. issued an unmodified opinion on the results. The Board also re-appointed Mr. Ravi Srinivasan as an Independent Director for a second 5-year term effective November 1, 2026, subject to shareholder approval.
Despite stable top-line, the ~7% drop in profit and lower EPS suggest margin pressure, which may temper investor enthusiasm. However, the unchanged dividend signals confidence in cash flows, and the clean audit report provides comfort on financial reporting quality.