Inter State Oil Carrier Limited (ISOCL) held its 41st Annual General Meeting (AGM) on September 18, 2025, where shareholders approved several significant resolutions, including key board appointments and remuneration changes.

Board Appointments and Reappointments

The shareholders approved the re-appointment of Mr. Sanjay Jain as Managing Director for a three-year term, effective from September 1, 2025, to August 31, 2028. Mr. Jain, who brings over 32 years of experience in the transportation industry, will continue to lead the company's operations.

Mrs. Parul Khanna was appointed as a Non-Executive/Non-Independent Director, effective April 1, 2025. With a background in education and experience in ed-tech platforms, Mrs. Khanna is expected to contribute to the company's organizational growth and employee development initiatives.

Remuneration Revision

The AGM also approved a revision in the remuneration terms for Mr. Siddhant Jain, who serves as Whole-Time Director. Mr. Siddhant Jain, son of Mr. Sanjay Jain, brings 4.5 years of experience in the transportation industry and an additional year in supply chain consulting.

Meeting Details and Voting Results

The AGM was conducted through video conferencing, in compliance with regulatory guidelines. A total of 38 members, representing 21,51,807 equity shares, participated in the meeting.

The company reported that all resolutions were passed with the requisite majority. The voting results showed strong support for the board appointments and remuneration changes, with over 94% votes in favor for each resolution.

Financial Performance

Mr. Sanjay Jain, in his address to the shareholders, discussed the company's financial performance and future initiatives. However, specific financial figures were not disclosed in the provided information.

Corporate Governance

The company assured that none of the appointed directors are debarred from holding directorship positions by SEBI or any other authority, underlining ISOCL's commitment to maintaining high standards of corporate governance.

Inter State Oil Carrier Limited's focus on strengthening its leadership team and adjusting remuneration structures suggests a strategic approach to navigating the challenges and opportunities in the transportation and logistics sector.

Inter State Oil Carrier Limited (ISOCL) has reported a significant increase in its cargo handling volume for August 2025, along with securing a major long-term contract for LPG transportation. The company's latest business update reveals impressive growth and a promising outlook for its operations.

Volume Growth

ISOCL handled 24.47 thousand metric tons (TMT) of volume in August 2025, marking a notable increase in its operational performance. This figure represents a 2.04% rise from the previous month of July 2025, where the company handled 23.98 TMT. More impressively, when compared to the same month in the previous year, ISOCL's volume growth is substantial, showing a 22.41% increase from 19.99 TMT handled in August 2024.

The company's monthly volume data over the past year showcases a generally upward trend:

New LPG Movement Contract

In a significant development for its business operations, Inter State Oil Carrier Limited has been awarded a 5-year LPG movement contract. The contract, secured from Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited, involves the deployment of 13 tankers for LPG transportation.

While the exact value of the contract has not been disclosed, the company stated that it cannot be determined at this stage. The final contract value will depend on various factors, including actual movement and operational considerations during the five-year tenure of the agreement.

This long-term contract is expected to provide ISOCL with a stable revenue stream and strengthen its position in the oil and gas transportation sector. The involvement of two major public sector oil companies in this contract underscores the trust and reliability that Inter State Oil Carrier Limited has established in the industry.

Conclusion

The combination of increased volume handling and the new long-term contract positions Inter State Oil Carrier Limited for potential growth in the coming years. As the company continues to expand its operations and secure important contracts, it will be interesting to observe how these developments translate into financial performance in future quarters.