Inter State Oil Carrier has scheduled its 42nd Annual General Meeting (AGM) for Monday, September 14, 2026, at 1:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). The primary agenda includes the adoption of the audited financial statements for the fiscal year ended March 31, 2026, alongside critical governance decisions regarding director appointments and executive compensation.

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.

Inter State Oil Carrier handled 33.12 ('000 MTs) of volume in July 2026, achieving its highest monthly throughput in the last twelve months. This performance marks a significant operational milestone, reflecting a 38.12% year-on-year increase from the 23.98 ('000 MTs) recorded in July 2025 and a 13.54% month-on-month rise from June 2026’s 29.17 ('000 MTs). The surge indicates robust demand and improved utilization of the company's pipeline infrastructure.

The disclosure was made to BSE Limited on August 11, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Rashmi Sharma, Company Secretary & Compliance Officer, signed off on the update, which was based on a limited review by management.

Operational Highlights

The July 2026 volume surpassed the previous peak monthly volume of 29.34 ('000 MTs) achieved in March 2026 by 3.78 ('000 MTs), an increase of approximately 12.88%. This demonstrates consistent growth momentum following the earlier high point earlier in the fiscal year.

Monthly Volume Trends ('000 MTs)

Note: The table data reflects the chart values provided in the source document, where July 2026 is listed as 33.11 ('000 MTs), while the text highlights state 33.12 ('000 MTs).

What the Numbers Show

The data reveals a clear upward trajectory in volume handling over the past year, with July 2026 standing out as a distinct outlier in terms of scale. While volumes fluctuated between 21.17 ('000 MTs) and 29.34 ('000 MTs) during the preceding eleven months, the jump to over 33 ('000 MTs) suggests a potential shift in market dynamics or capacity utilization. The recovery from the dip in April and May 2026 to the record high in July underscores the resilience of the company's operations.