The Board of Directors at the meeting held today i.e., 11th May, 2026 has approved the record date for Postal Ballot as 15th May, 2026.
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On the reaction day the stock moved 10.8 pts more than Nifty Microcap 250 and 11.2 pts more than its Transport Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Inter State Oil Carrier Ltd approved a Postal Ballot notice on 11th May, 2026, seeking shareholder approval for three matters: (1) enhancement of borrowing powers under Section 180(1)(c) of the Companies Act, 2013, (2) creation of charges on movable and immovable properties for borrowings under Section 180(1)(a), and (3) increase in limits for investments, loans, guarantees, and securities under Section 186. The record date for the e-voting is 15th May, 2026, with voting scheduled from 19th May to 18th June 2026. The resolutions are deemed passed on 18th June 2026.
Shareholders should note the company is seeking powers to increase borrowing and create asset charges, which may lead to higher leverage. This is a routine governance matter but allows the company greater financial flexibility.