We enclose herewith Voting Results and Consolidated Scrutinizer''s Report w.r.t the 41st AGM of the Company held today i.e., Thursday, 18th September, 2025 at 01.00 pm (IST) through VC/OAVM.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Inter State Oil Carrier Ltd held its 41st AGM on 18th September 2025 via video conferencing. All 5 resolutions were passed by the requisite majority, including adoption of FY25 audited financials, re-appointment of Mr. Siddhant Jain as Director (97.70% in favour), re-appointment of Mr. Sanjay Jain as Managing Director (94.82% in favour), appointment of Mrs. Parul Khanna as Non-Executive Director (97.70% in favour), and revision in remuneration of Whole-Time Director Mr. Siddhant Jain (94.82% in favour). Total shareholders on record date were 3,986, with 38 attending the meeting through VC. Notably, public non-institutional shareholders voted overwhelmingly against most resolutions (around 89-91% against), and promoters abstained from voting on the two related-party resolutions (items 3 and 5), resulting in lower polling turnout.
All routine and special resolutions, including director appointments and a remuneration hike, have been cleared, indicating no governance blockage. However, the high public dissent (~89-91% against) on most items is a red flag for minority shareholders and could attract governance scrutiny.