Outcome of Independent Directors’ Meeting of Odyssey Corporation
Team Finance Saathi
21/Mar/2025

What's covered under the Article:
- Independent Directors reviewed the performance of non-independent directors and the Board.
- Evaluation of the Chairperson’s performance, considering views of executive and non-executive directors.
- Assessment of information flow between the management and the Board.
Odyssey Corporation Limited has disclosed the outcome of the Separate Meeting of Independent Directors held on Friday, March 21, 2025, in compliance with regulatory norms. The meeting, conducted under the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aimed to assess various aspects of the company's governance.
Key Highlights of the Meeting
The Independent Directors of Odyssey Corporation gathered to evaluate the company’s leadership and governance structure. The following key issues were discussed and addressed during the meeting:
1. Review of Performance of Non-Independent Directors and the Board
The Independent Directors undertook a performance evaluation of the Non-Independent Directors and the Board as a whole. The objective was to analyze the effectiveness of decision-making, leadership, and contribution of the Board towards the company’s strategic goals. The evaluation focused on:
- Contribution of Non-Independent Directors in guiding the company’s vision.
- Effectiveness of Board-level deliberations and decision-making.
- Alignment of Board performance with the company’s long-term objectives.
2. Review of the Performance of the Chairperson
The performance of the Chairperson of the Company was critically assessed by taking into account the views of both executive directors and non-executive directors. The Chairperson’s role was reviewed based on:
- Leadership effectiveness in steering the Board.
- Ability to encourage open dialogue and consensus-building.
- Oversight of management and strategic direction.
3. Assessment of Flow of Information Between Management and the Board
The Independent Directors assessed the quality, quantity, and timeliness of information provided by the Company management to the Board. This review was essential to ensure that the Board is equipped with accurate and timely information to make informed decisions. The evaluation considered:
- Effectiveness of communication channels between the Board and management.
- Timely availability of relevant data for decision-making.
- Transparency in sharing critical operational and financial information.
Timing and Conclusion of the Meeting
The meeting of the Independent Directors commenced at 12:00 PM and concluded at 01:00 PM on March 21, 2025. The discussions were aligned with the principles of corporate governance and aimed at maintaining high standards of accountability and transparency in the company’s operations.
Regulatory Compliance and Disclosure
The outcome of the meeting was duly communicated to the Department of Corporate Services, BSE Limited, in compliance with SEBI (LODR) Regulations, 2015. As part of its commitment to maintaining corporate governance standards, Odyssey Corporation Limited ensures timely disclosure of relevant information to the stock exchange.
Significance of Independent Directors' Review
The Independent Directors’ assessment plays a crucial role in enhancing the effectiveness of the Board and ensuring compliance with corporate governance norms. Their unbiased and objective evaluation helps maintain the integrity of decision-making processes and strengthens investor confidence.
About Odyssey Corporation Limited
Odyssey Corporation Limited is a listed entity engaged in diversified business activities. The company operates with a strong focus on maintaining regulatory compliance and enhancing stakeholder value through transparent corporate governance practices.
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