The Board of Directors in their meeting held today i.e., 11th May, 2026 has approved the Notice of Postal Ballot. This is for your information, record and necessary dissemination to ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Inter State Oil Carrier Limited's Board of Directors approved a Postal Ballot notice for seeking shareholder approval on three financial matters. First, enhancement of borrowing powers under Section 180(1)(c) of the Companies Act, 2013. Second, creation of charges on the company's movable and immovable properties for borrowings. Third, increase in limits for making investments, extending loans, giving guarantees and providing securities under Section 186. The remote e-voting will be conducted through CDSL with a record date of 15th May, 2026. Voting period runs from 20th May to 18th June, 2026, when the resolution will be deemed passed.
If approved, these measures will give the company significantly greater flexibility to borrow funds, secure debts with company assets, and make investments or loans. This suggests the company may be planning expansion, acquisitions, or taking on more debt for business growth. Shareholders should monitor how borrowed funds are ultimately utilized.