Sanjay Jain, promoter and managing director of Inter State Oil Carrier Limited , acquired 500 equity shares on August 26, 2026. This open market purchase increases his total holding to 17.62%.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Jain purchased the shares through the open market, adding to his existing stake in the Kolkata-based company.

Shareholding Details

Prior to this transaction, Jain held 879,332 equity shares, representing 17.6137% of the company’s total paid-up share capital. The new acquisition brings his total holding to 879,832 equity shares.

The company’s total equity share capital remains unchanged at ₹4,99,23,000, comprising 49,92,300 equity shares of ₹10 each. There are no encumbrances, warrants, or convertible securities associated with Jain’s holding as per the disclosure.

Inter State Oil Carrier has confirmed the dispatch of its 42nd Annual General Meeting (AGM) notice and the Annual Report for FY26 to shareholders on August 20, 2026. The meeting is scheduled for Monday, September 14, 2026, at 1:00 pm and will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). Central Depository Services (India) Limited (CDSL) has been appointed to facilitate remote e-voting.

Financial Performance Overview

The company reported significant growth in its financial results for FY26 compared to the previous year. Total income rose to ₹10,866.86 lakh from ₹8,856.24 lakh in FY25. This revenue expansion supported a substantial improvement in profitability, with Profit Before Tax (PBT) increasing to ₹274.78 lakh from ₹155.90 lakh. Consequently, Profit After Tax (PAT) grew to ₹191.99 lakh, up from ₹114.42 lakh in the prior period.

The Earnings Per Share (EPS) also improved, rising from ₹2.29 in FY25 to ₹3.85 in FY26. The management attributed this growth to higher business volumes, improved operational performance, and efficient resource utilization.

Governance and Appointments

The AGM will address several ordinary and special business items. Under ordinary business, shareholders will consider the re-appointment of Mr. Sanjay Jain as a director, who retires by rotation.

Special business items include:

• Re-appointment of Whole-Time Director: Approval for the re-appointment of Mr. Siddhant Jain as Whole-Time Director for a three-year term commencing from May 2, 2027, to May 1, 2030.
• Remuneration Revision for Managing Director: A special resolution to revise the remuneration terms of Mr. Sanjay Jain, Managing Director. This includes introducing a profit-linked commission effective from April 1, 2026. The commission structure is capped at 5% of PAT for profits up to ₹3 crore and 7.5% for profits above ₹3 crore, with an absolute maximum limit of ₹15 lakh per financial year.
• Related Party Transactions: Approval for related party transactions with Inter State Capital Markets Pvt. Ltd., involving the hiring of tankers and heavy motor vehicles. The aggregate value is expected to exceed the materiality threshold of ₹1,086.69 lakh (10% of annual income).

What the Numbers Show

The divergence between the growth rates of revenue and profitability highlights improved operational leverage. While total income grew by approximately 22.70%, PAT surged by nearly 67.79%. This indicates that the additional revenue generated in FY26 translated into disproportionately higher net earnings, suggesting effective cost control and margin expansion during the period.

Meeting Logistics

Remote e-voting will be available from 9:00 am on Friday, September 11, 2026, until 5:00 pm on Sunday, September 13, 2026. The record date for determining voting eligibility is Monday, September 7, 2026. Members holding shares on this date are entitled to vote. The book closure period runs from Tuesday, September 8, 2026, to Monday, September 14, 2026. M/s. Rantu Das & Associates, Company Secretaries, have been appointed as the Scrutinizer for conducting the e-voting process. Results will be declared within two working days of the AGM.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE003B01014/ff0c8ff8-838f-474d-9970-e74a668e5ab3.pdf