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Odigma Consultancy Solutions CFO Guddi Bharatbhai Chauhan Resigns Due to Relocation
Odigma Consultancy Solutions Limited has announced the resignation of Ms. Guddi Bharatbhai Chauhan from the position of Chief Financial Officer and Key Managerial Personnel. The resignation was formally communicated on March 13, 2026, with the reason cited as personal relocation abroad. The company is currently in the process of identifying a successor to ensure a smooth transition in financial leadership. The specific effective date for her departure will be announced by the company at a later stage.
Key Highlights
Ms. Guddi Bharatbhai Chauhan resigned as CFO and Key Managerial Personnel on March 13, 2026.
The resignation is attributed to personal reasons involving relocation abroad.
The company has initiated the search and appointment process for a new Chief Financial Officer.
The effective date of relieving the outgoing CFO will be notified in due course.
💼 Action for Investors
Investors should monitor the company's upcoming announcements regarding the appointment of a new CFO to ensure leadership continuity. While the exit appears routine, the quality of the successor will be key for future financial oversight.
Odigma Reports Q3 Loss of ₹1.44 Cr; Revenue Declines 6% YoY; Fundraising Deferred
Odigma Consultancy Solutions reported a weak performance for Q3 FY26, swinging to a net loss of ₹143.97 lakhs compared to a profit of ₹13.91 lakhs in the prior year's quarter. Revenue from operations declined 6% YoY to ₹956.26 lakhs, while total expenses surged to ₹1,178.20 lakhs. The company also announced the re-appointment of Mathew Jose as Managing Director for a three-year term and decided to defer its planned fundraising proposal. Additionally, a minor shift in the registered office within GIFT City was approved.
Key Highlights
Revenue from operations decreased to ₹956.26 lakhs in Q3 FY26 from ₹1,016.76 lakhs in Q3 FY25.
Reported a net loss of ₹143.97 lakhs for the quarter, a significant decline from a profit of ₹13.91 lakhs YoY.
Total expenses rose to ₹1,178.20 lakhs, impacted by an exceptional item of ₹18.76 lakhs for new Labour Codes.
Board deferred the agenda for fund raising to a later date.
Mathew Jose re-appointed as Managing Director for three years effective May 29, 2026.
💼 Action for Investors
Investors should exercise caution as the company has turned loss-making due to rising operating and employee costs despite declining revenues. The deferment of the fundraising plan and the margin pressure warrant a close watch on the next few quarters for signs of recovery.
Odigma Reports Q3 Net Loss of ₹1.44 Cr; Re-appoints Mathew Jose as MD
Odigma Consultancy Solutions Limited reported a weak performance for Q3 FY26, swinging to a net loss of ₹143.97 lakhs from a profit of ₹13.91 lakhs in the year-ago period. Revenue from operations declined to ₹956.26 lakhs, down from ₹1,016.76 lakhs YoY, while total expenses rose significantly to ₹1,178.20 lakhs. The company also announced the re-appointment of Mr. Mathew Jose as Managing Director for three years starting May 2026 and deferred its fund-raising plans. Segment-wise, the core Digital Marketing business saw a sharp decline in results compared to previous periods.
Key Highlights
Reported a net loss of ₹143.97 lakhs in Q3 FY26 versus a profit of ₹13.91 lakhs in Q3 FY25.
Revenue from operations fell 5.9% YoY to ₹956.26 lakhs from ₹1,016.76 lakhs.
9-month FY26 revenue stands at ₹2,869.72 lakhs, down from ₹3,214.89 lakhs in the previous year.
Total expenses for the quarter increased to ₹1,178.20 lakhs, driven by higher employee and other expenses.
Board deferred the agenda for fund raising and approved shifting the registered office within GIFT City.
💼 Action for Investors
Investors should exercise caution as the company has turned loss-making and is experiencing declining revenues. The deferral of fund-raising plans and the sharp drop in segment profitability for Digital Marketing are key areas of concern to monitor.
Odigma Reports Q3 FY26 Net Loss of ₹143.97 Lakhs; Defers Fund Raising Proposal
Odigma Consultancy Solutions reported a weak performance for Q3 FY26, swinging to a net loss of ₹143.97 lakhs compared to a profit of ₹13.91 lakhs in the year-ago period. Revenue from operations declined to ₹956.26 lakhs, down from ₹1,256.69 lakhs in the preceding quarter. The board also decided to defer a previously planned fund-raising proposal to a later date. On the management front, Mr. Mathew Jose has been re-appointed as Managing Director for a further three-year term starting May 2026.
Key Highlights
Revenue from operations fell 23.9% QoQ to ₹956.26 lakhs in Q3 FY26.
Net loss for the quarter stood at ₹143.97 lakhs against a profit of ₹12.06 lakhs in Q2 FY26.
9M FY26 total comprehensive income recorded a loss of ₹125.03 lakhs vs a profit of ₹27.70 lakhs YoY.
Board deferred the agenda for fund raising to a subsequent meeting.
Exceptional item of ₹18.76 lakhs recognized due to statutory impact of new Labour Codes.
💼 Action for Investors
Investors should exercise caution as the company has turned loss-making on a quarterly and nine-month basis with declining revenues. The deferral of the fundraise may also signal a change in immediate capital requirements or market timing strategy.
Odigma Reports Q3 FY26 Net Loss of ₹1.44 Cr; Revenue Declines to ₹9.56 Cr
Odigma Consultancy Solutions reported a weak performance for the quarter ended December 31, 2025, swinging to a net loss of ₹143.97 lakhs from a profit of ₹13.91 lakhs in the same period last year. Revenue from operations declined by 6% YoY to ₹956.26 lakhs, while total expenses surged to ₹1,178.20 lakhs. The company also announced the re-appointment of Mathew Jose as Managing Director for a three-year term and the shifting of its registered office within GIFT City. Crucially, the board has deferred a previously planned fund-raising proposal, which may signal a change in immediate capital requirements.
Key Highlights
Revenue from operations fell to ₹956.26 lakhs in Q3 FY26 compared to ₹1,016.76 lakhs in Q3 FY25.
Reported a net loss of ₹143.97 lakhs for the quarter versus a profit of ₹13.91 lakhs YoY.
Total expenses increased significantly to ₹1,178.20 lakhs, impacted by an exceptional item of ₹18.76 lakhs related to new Labour Codes.
Board of Directors resolved to defer the agenda item pertaining to the proposal for fund raising.
Mathew Jose re-appointed as Managing Director for three years effective May 29, 2026.
💼 Action for Investors
Investors should exercise caution as the company has turned loss-making with declining revenue and rising operational costs. The deferral of the fund-raising plan and the impact of the new Labour Codes on margins are key areas to monitor.