Announced Mon, 5 Oct, 2026 · 14:51 IST
Board approves Postal Ballot for MD remuneration revision
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.8%1-day move
₹51.50
prior close
₹49.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+1.3+1.3+3.9-2.8-0.8-5.7———————
Up moveDown movePending
AI summary
Inter State Oil Carrier's board approved a Postal Ballot Notice on 5 Oct 2026 seeking shareholder approval to revise MD Sanjay Jain's remuneration by adding a profit-linked commission, effective 1 Apr 2026 for the rest of his tenure ending 31 Jul 2028. The board also approved related party transactions. Cut-off date for voting eligibility is 9 Oct 2026, with e-voting running from 17 Oct to 15 Nov 2026.
Likely market impact
Shareholders will vote on increasing MD pay via profit-linked commission, tying more of his earnings to company performance.