Odyssey Corporation Ltd. has disclosed the execution of a Memorandum of Understanding (MOU) with Sinton Agribid Trading Private Limited. The MOU is dated November 06, 2026.
The purpose of the MOU is for undertaking trading activities in cereals, pulses, and other agricultural commodities.
Under the terms of the MOU:
- Sinton Agribid Trading Private Limited will arrange suppliers and buyers and manage the related trading activities.
- Sinton Agribid is obligated to ensure the return of Odyssey Corporation's invested amount along with an agreed minimum profit.
- Any shortfall or loss from these trading activities shall be borne solely by Sinton Agribid Trading Private Limited.
- Any surplus profit beyond the guaranteed minimum shall be shared between the two parties as mutually agreed.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The letter was signed by Wilson Marshal John, Whole-Time Director (DIN: 02044154), on behalf of Odyssey Corporation Ltd.