Key Board Approvals and Disclosures:

The Board considered, approved, and took on record the following items:

1. Unaudited Financial Results for Q1 FY27: Approved the Statement of Unaudited Financial Results for the quarter ended 30th June, 2026 (Annexure-A).

2. Limited Review Report: Taken on record the Limited Review Report issued by the Statutory Auditor, Patni & Co., for the quarter (Annexure-B).

3. 42nd Annual General Meeting (AGM): Approved the draft notice convening the 42nd AGM. The meeting is scheduled for Monday, 14th September, 2026, at 1:00 P.M. to be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

4. Scrutinizer Appointment: Approved the appointment of M/s. Rantu Das & Associates, Practicing Company Secretaries, as the Scrutinizer for conducting the remote e-voting process and e-voting during the AGM.

5. Statement of Deviation or Variation: Took note of the non-applicability of the Statement of Deviation or Variation under Regulation 32(1) of SEBI (LODR) Regulations for the quarter ended 30th June, 2026.

6. Revision of Managing Director's Remuneration: Based on recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee (both meetings held on 10th August, 2026), the Board approved a revision in the terms of remuneration of Mr. Sanjay Jain (DIN: 00167765), Managing Director. The revision involves the inclusion of a profit-linked commission in addition to his existing salary, allowances, and perquisites. This is effective from 1st April, 2026, and is subject to approval by shareholders at the ensuing AGM. All other terms of his appointment remain unchanged.

7. Re-appointment of Whole-Time Director: Based on recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee, the Board approved the re-appointment of Mr. Siddhant Jain (DIN: 07154500) as Whole-Time Director for a further period of three years, commencing from 2nd May, 2027, to 1st May, 2030. This is subject to approval by shareholders at the ensuing AGM. He will be liable to retire by rotation in accordance with the Companies Act, 2013.

Financial Results Highlights (Q1 FY27 ended 30th June, 2026):

The financial results are presented in ₹ Lakhs.

  • Revenue from Operations: ₹2,912.84 (Q1 FY26: ₹3,067.22; Q4 FY26: ₹2,590.79; FY26: ₹10,758.22)
  • Other Income: ₹28.30 (Q1 FY26: ₹58.53; Q4 FY26: ₹12.55; FY26: ₹108.64)
  • Total Income: ₹2,941.14 (I+II) (Q1 FY26: ₹3,125.75; Q4 FY26: ₹2,603.34; FY26: ₹10,866.86)
  • Total Expenses: ₹2,875.42 (Q1 FY26: ₹2,969.88; Q4 FY26: ₹2,569.43; FY26: ₹10,592.08)
  • Operating Expenses: ₹2,584.93
  • Employee Benefits Expense: ₹52.34
  • Finance Costs: ₹65.68
  • Depreciation & Amortisation: ₹128.44
  • Other Expenses: ₹44.03
  • Profit Before Tax: ₹65.72 (Q1 FY26: ₹155.87; Q4 FY26: ₹33.91; FY26: ₹274.78)
  • Tax Expense: ₹2.60
  • Current Tax: ₹6.17
  • Deferred Tax: (₹3.57) [Credit]
  • Net Profit for the period: ₹63.12 (Q1 FY26: ₹120.90; Q4 FY26: ₹19.50; FY26: ₹191.99)
  • Earnings Per Share (EPS):
  • Basic: ₹1.26 (Equity Share of F.V. ₹10 each)
  • Diluted: ₹1.26 (Equity Share of F.V. ₹10 each)

Limited Review Report:

The statutory auditors, Patni & Co., conducted a limited review of the quarterly results. Based on their review, nothing has come to their attention that causes them to believe that the statement of unaudited financial results has not disclosed the information required by Regulation 33 of the LODR or that it contains any material misstatement.

Director Profiles and Disclosures:

Mr. Sanjay Jain (Managing Director): Holds an MBA from The Indian Institute of Social Welfare and Business Management (University of Calcutta) and a Bachelor's degree in Commerce. He has over 33 years of experience in the transportation industry and is described as instrumental in the company's turnaround. He is also a Guest Faculty member and is associated with various industry bodies. He is the father of Mr. Siddhant Jain.

Mr. Siddhant Jain (Whole-Time Director): Holds a Bachelor's degree from St. Xavier's College and an MBA in Finance from the Indian School of Business. He is a CFA charterholder. He possesses over 5.5 years of experience in the transportation industry and 1 year in supply chain consulting with a US-based firm. He is the son of Mr. Sanjay Jain.

Both directors are not debarred from holding office by SEBI or any other authority.

Dissemination:

The unaudited financial results and limited review report will be published in newspapers as per Regulation 47 and made available on the company's website (https://isocl.in/) and the BSE website (https://www.bseindia.com). The outcome of the board meeting is also available on the company's website.