Re-appointment of Internal Auditor.
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The Board of Inter State Oil Carrier Ltd approved the re-appointment of Mr. Sudhir Kumar Jha as Internal Auditor for FY2025-26, alongside re-appointing Mr. Sanjay Jain as Managing Director for 3 years from September 1, 2025. The Board also took on record audited financial results for Q4 and FY ended March 31, 2025, with full-year revenue from operations at ₹8,814.82 lakhs (up ~4% YoY) and profit after tax at ₹114.42 lakhs (up ~33% YoY). The statutory auditor Patni & Co. issued an unmodified (clean) opinion, and no dividend was declared. The company invested heavily in property, plant and equipment during the year (PPE grew from ₹2,074.80 lakhs to ₹2,880.50 lakhs), funded largely through new borrowings — qualified borrowings rose from ₹9.81 crores to ₹15.89 crores.
The internal auditor re-appointment is a routine governance action with no negative implication. Full-year profit growth of ~33% is a clear positive, but the steep rise in borrowings (~62% increase in qualified borrowings) and absence of a dividend are points shareholders should track going forward.