Inter State Oil Carrier Limited handled 27.88 ('000 MTs) of volume in September 2026, marking a 31.69% year-on-year increase compared to September 2025.

The Kolkata-based logistics firm reported this monthly business update on October 10, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The data reflects volumes handled through its transportation operations and fleet capacity.

Monthly Volume Trends

While the annual growth remains robust, the month saw a slight contraction in activity. Volume handled declined 1.62% month-on-month from 28.34 ('000 MTs) recorded in August 2026. This follows a peak of 33.12 ('000 MTs) in July 2026, indicating some volatility in short-term throughput despite the strong yearly trajectory.

What the Numbers Show

The divergence between the strong year-on-year growth and the modest month-on-month decline highlights a seasonal or operational adjustment phase. September 2026 volumes (27.88 '000 MTs) are significantly higher than the September 2025 base (21.17 '000 MTs), suggesting improved fleet utilization or demand recovery over the last twelve months. However, the dip from August’s 28.34 ('000 MTs) and July’s peak of 33.12 ('000 MTs) indicates that current throughput has stabilized below recent highs, even as it remains well above prior-year benchmarks.

Inter State Oil Carrier Limited board approved a revision in the terms of remuneration for Managing Director Sanjay Jain, introducing a profit-linked commission component. The change is effective from April 1, 2026, and remains subject to approval by members via a postal ballot.

The revision was recommended by the Nomination and Remuneration Committee and approved by the Audit Committee and Board of Directors. This adjustment applies to the remaining period of Jain's current tenure, which runs through July 31, 2028. All other terms and conditions of his appointment remain unchanged.

Governance and procedural updates

The board also approved related party transactions and set the cut-off date for determining member eligibility for the postal ballot as October 9, 2026. The draft Postal Ballot Notice, including the Explanatory Statement and remote e-voting details, was approved for circulation.

Key appointments for the voting process include:

• Scrutinizer: M/s. Rantu Das & Associates, Company Secretaries.
• E-Voting Agency: Central Depository Services (India) Limited (CDSL).

Postal ballot timeline

The company disclosed a tentative calendar for the postal ballot process to ensure transparency in the approval mechanism for the remuneration changes.

Leadership context

Sanjay Jain has over 33 years of experience in the transportation industry. He was re-appointed as Managing Director for a three-year term from August 1, 2025, to July 31, 2028, at the 41st Annual General Meeting. He is the father of Siddhant Jain, the Whole-Time Director of the company.