We hereby enclosed herewith summary of the 41st Annual General of the Company through VC/OVAM on Thursday, 18th September, 2025, at 01.00 p.m. (IST)
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Inter State Oil Carrier Limited held its 41st Annual General Meeting on Thursday, 18th September 2025 at 1:00 PM (IST) via video conference, concluding at 1:48 PM. Quorum was met with 38 members present, representing 21,51,807 equity shares. Five resolutions were transacted: (1) adoption of audited financial statements for FY ended 31 March 2025, (2) re-appointment of Mr. Siddhant Jain as a director retiring by rotation, (3) re-appointment of Mr. Sanjay Jain as Managing Director via special resolution, (4) appointment of Mrs. Parul Khanna as Non-Executive/Non-Independent Director, and (5) revision in remuneration of Whole-Time Director Mr. Siddhant Jain via special resolution. The Statutory Auditors' Report had no qualifications, but the Secretarial Audit Report contained one observation, for which the Board's explanation was read out to shareholders. E-voting was conducted through CDSL, and consolidated results along with the Scrutinizer's Report will be declared within 48 hours of meeting conclusion.
Continuity in leadership is ensured with the re-appointment of Sanjay Jain as Managing Director, while a revision in the Whole-Time Director's remuneration could modestly affect future payroll costs. The new director addition brings governance diversity, and shareholders should watch for the e-voting results within two days for final approval tallies.