Inter State Oil Carrier Limited shareholders approved the reappointment of Siddhant Jain as Whole-time Director for a three-year term commencing on May 2, 2027. The resolution was passed during the company’s 42nd Annual General Meeting held on September 14, 2026.

The meeting concluded at 1:40 pm after approving key board appointments and remuneration revisions. Managing Director Sanjay Jain chaired the virtual session, which complied with Companies Act 2013 and SEBI Listing Regulations. Members exercised voting rights through remote e-voting.

Key Resolutions Passed

Shareholders approved ordinary and special resolutions concerning board composition and executive compensation. The approved items included:

• Adoption of audited financial statements for FY26
• Reappointment of Sanjay Jain as director by rotation
• Reappointment of Siddhant Jain as Whole-time Director
• Revision of remuneration terms for Managing Director Sanjay Jain
• Approval of related party transactions

Board and Management Presence

The following directors and key managerial personnel attended the meeting:

Statutory auditors from Patni and Co., internal auditor Sudhir Kumar Jha, and secretarial auditor Prasenjit Basak also participated. Aditya Rajgaria represented the statutory auditors.

Operational Updates

Sanjay Jain addressed members on the company’s performance for FY26. He highlighted the commencement of multimodal transportation services as a key business development. The management outlined future growth prospects and strategic initiatives during the address.

The statutory audit report for FY26 contained no qualifications or adverse remarks. However, the secretarial audit report noted two observations, with explanations provided by the Board in the Directors’ Report. Voting results will be submitted separately to BSE Limited under Regulation 44 of SEBI Listing Regulations.

Promoter and Managing Director Sanjay Jain has filed a revised disclosure with the BSE to correct a typographical error in his shareholding position in Inter State Oil Carrier Limited . The revision clarifies that his total holding stands at 8,81,482 equity shares, not the previously reported 8,89,482 shares.

The correction relates to an inadvertent error in Annexure A of the earlier disclosure dated September 5, 2026, regarding the acquisition of 550 equity shares in the open market on September 4, 2026. The revised filing, submitted on September 11, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirms that the acquisition details remain unchanged.

Shareholding Details

Following the purchase, Mr. Jain’s total holding in the company is 8,81,482 equity shares, comprising 17.6568% of the total voting capital. Prior to this transaction, his holding was 8,80,932 shares, or 17.6458%.

The mode of acquisition was specified as open market purchase. The company’s total equity share capital remains at ₹4,99,23,000, comprising 49,92,300 equity shares of ₹10 each.