Announced Mon, 5 Oct, 2026 · 14:45 IST
Inter State Oil Carrier: MD remuneration revision via Postal Ballot
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+3.9-2.8-0.8-5.7———————
Up moveDown movePending
AI summary
The board approved a revision in the remuneration of Managing Director Mr. Sanjay Jain, adding a profit-linked commission component on top of existing pay. The change is effective from April 1, 2026, and applies for the remainder of his 3-year tenure ending July 31, 2028. The revision is subject to shareholder approval via postal ballot, with cut-off date October 9, 2026 and e-voting closing November 15, 2026.
Likely market impact
Introduces profit-linked pay for the MD, tying compensation to company performance. Pending shareholder approval via postal ballot.