Inter State Oil Carrier Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/05/2026 ,inter alia, to consider and approve a. the increase in ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Inter State Oil Carrier Ltd has scheduled a Board meeting for May 11, 2026, to consider increasing borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The Board will also consider creating charges on the company's movable and immovable properties, both present and future, to secure these borrowings under Section 180(1)(a). Additionally, the company plans to increase limits for investments, loans, guarantees, and securities under Section 186. All these matters require shareholder approval via postal ballot. The trading window remains closed from April 1, 2026, until 48 hours after the declaration of audited financial results for Q4 and FY2026.
The increase in borrowing limits and asset charging authority suggests the company is preparing to raise additional debt financing, which could dilute shareholder value or increase financial leverage. Shareholders should watch for details on how borrowed funds will be used when results are announced.