Inter State Oil Carrier Limited reported a significant recovery in operational performance for June 2026, handling 29.17 ('000 MTs) of volume. This figure represents a 26.17% increase compared to the 23.12 ('000 MTs) handled in May 2026 and a 12.19% year-on-year rise against the 26.00 ('000 MTs) recorded in June 2025. The volume for June 2026 marks the second-highest monthly level recorded in the past twelve months, slightly trailing the peak of 29.34 ('000 MTs) achieved in March 2026. The business update was submitted in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and the data provided is based on a limited review by the management.

Volume Handled Trends

The company's operational data for the period from June 2025 to June 2026 indicates fluctuations in monthly volume, with the lowest point recorded at 21.17 ('000 MTs) in September 2025. The recent performance in June 2026 demonstrates a strong rebound from the lower volumes seen in April and May 2026. The table below summarises the monthly volume trend over the past twelve months:

Business Expansion Initiatives

Inter State Oil Carrier Limited expanded its operational footprint by entering into a Memorandum of Understanding (MoU) with Container Corporation of India Limited (CONCOR). Under this agreement, the company has been appointed as a Transport Associate of CONCOR to handle business under the First Mile Last Mile (FMLM) arrangement at CTC Shalimar and ICD Amingaon. Additionally, the company strengthened its logistics capabilities by onboarding four additional tankers during the month. The key highlights of the latest business developments are outlined below:

Inter State Oil Carrier Limited has secured shareholder approval to increase its borrowing powers and create charges on its assets through a postal ballot process that concluded on June 22, 2026. The approvals allow the company to enhance its financial flexibility by borrowing more funds against its movable and immovable properties, both present and future. Additionally, shareholders authorized an increase in the limits for making investments, extending loans, giving guarantees, and providing securities under Section 186 of the Companies Act, 2013.

The remote e-voting period commenced on May 24, 2026, and was conducted by Central Depository Services (India) Limited (CDSL). Mr. Rantu Kumar Das, Partner of M/s. Rantu Das & Associates, Company Secretaries, served as the scrutinizer for the process. The results of the postal ballot were declared on June 23, 2026, and subsequently submitted to the stock exchanges.

Resolutions Approved

The company sought approval for three special resolutions, all of which were passed by the requisite majority:

Voting Summary

The postal ballot notice was dispatched to shareholders on May 22, 2026, with the cut-off date for determining eligibility set as May 15, 2026. A total of 43 shareholders participated in the e-voting process. The resolutions received strong support from the promoter group, while public non-institutional holders largely voted against the proposals.