Inter State Oil Carrier Ltd

Purpose

• Seek shareholder approval for MD remuneration revision and related party transactions.

Item 1: Remuneration revision

• Special Resolution to revise MD remuneration: PAT-based commission (5% up to 3 cr; 7.5% above) cap 15 Lakh.
• Effective from 1 April 2026; other terms unchanged.

Item 2: Related party transactions

• Ordinary Resolution to approve related party transactions with Inter State Capital Markets Pvt. Ltd up to ₹20 Cr/year.
• Duration: 01 Apr 2026 to 31 Mar 2029; arms-length, ordinary course.

Transaction details

• Target: Inter State Oil Carrier Limited.
• Disclosing party: Promoters of Inter State Oil Carrier Ltd.
• Transaction type: Inter-se transfer among promoters by gift; NIL consideration.
• Sanjay Jain acquired 1,66,454 equity shares.
• Gunmala Devi Jain transferred 1,12,045 equity shares to Sanjay Jain.
• Shanti Lal Jain transferred 54,409 equity shares to Sanjay Jain.
• Date(s) of transaction: 24.09.2026.

Transaction details

• Target Company: Inter State Oil Carrier Limited.
• Seller: Gunmala Devi Jain (Promoter); Acquirer: Sanjay Jain (Promoter family).
• Transaction type: Gift-based off-market inter-se transfer within promoter group.
• Pre-disposal holding: 112,045 shares (2.2444%).
• Post-disposal holding: Nil shares (0%).
• Shares disposed: 112,045 (2.2444%).
• Mode: Off-market inter-se transfer within promoter group by gift.
• Date: 23.09.2026.

Share capital context

• Equity share capital before: ₹4,99,23,000 comprising 49,92,300 shares.
• Equity share capital after: ₹4,99,23,000 comprising 49,92,300 shares.
• Total diluted share capital after: ₹4,99,23,000 comprising 49,92,300 shares.

Acquisition details

• Target Company: Inter State Oil Carrier Limited.
• Disclosing Party: Sanjay Jain (Promoter) with concert PAC.
• Transaction type: Acquisition of voting shares via off-market gift.
• Pre-transaction holding: 8,81,482 shares (17.6568%).
• Acquisitions: 1,12,045 shares (2.2444%); 54,409 shares (1.0899%).
• Post-transaction holding: 10,47,936 shares (20.9909%).
• Date of transaction: 23.09.2026.
• Equity capital before/after: 4,99,23,000 shares (49,92,300).
• Total diluted capital after: 4,99,23,000.

AGM details

• AGM held on 14 September 2026 at 1:00 PM IST via VC/OAVM.
• Notice for AGM dated 10 August 2026.
• Voting results and scrutinizer report in Annexures I and II.

Governance update

• AGM on 14 Sep 2026 approved re-appointment of Siddhant Jain as Whole-time Director.
• Term: three years from 2 May 2027 to 1 May 2030.
• Board approvals by Nomination & Remuneration Committee and Audit Committee on 10 Aug 2026.
• Shareholders approved via Special Resolution at the 42nd AGM.
• DIN 07154500; not debarred by SEBI or regulators.
• Relation: Siddhant Jain is son of MD Sanjay Jain.
• Liable to retire by rotation under Companies Act 2013.

AGM Details

• Date and time: 14 September 2026, 1:00 PM IST.
• Mode: VC/OAVM; deemed venue Kolkata.
• Remote e-voting: 11–13 September 2026; voting during AGM available.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Sanjay Jain as Director, retire by rotation.
• Special: Re-appoint Siddhant Jain as Whole-time Director.
• Special: Revise remuneration terms for Sanjay Jain, Managing Director.
• Ordinary: Approve Related Party Transactions.

Voting Status

• Voting results to be submitted separately; Scrutinizer’s report to follow.

Other Governance Notes

• Secretarial Audit had two observations; explanations read.

Holding changes

• Disclosing party: Sanjay Jain, Promoter and MD of Inter State Oil Carrier Ltd.
• Pre-transaction holding: 880,932 shares (approx 17.65%).
• Acquisition: 550 Equity Shares via open market on 04.09.2026.
• Post-transaction holding: 881,482 shares (17.6568%).
• Total equity share capital: approx 4,992,309 shares (unchanged).

Acquisition under Reg. 29(2)

• Target Company: Inter State Oil Carrier Limited.
• Disclosing Party: Sanjay Jain, Promoter (promoter group) of Inter State Oil Carrier Limited.
• Transaction Type: Acquisition of 550 equity shares via Open Market.
• Pre-Transaction Holding: 880,932 shares (17.6458%).
• Transaction Details: 550 shares acquired; 0.0110% of total voting and diluted.
• Post-Transaction Holding: 881,482 shares (17.6568%).
• Date of Transaction: 04.09.2026.
• Share Capital Context: Equity capital before/after Rs. 4,99,23,000 (49,92,300 shares).
• Total diluted capital after: Rs. 4,99,23,000 (49,92,300 shares).