Inter State Oil Carrier Limited has formally communicated to BSE Limited regarding the non-applicability of the Annual Secretarial Compliance Report for the financial year ended 31st March 2026.
The disclosure references Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and invokes the exemption provided under Regulation 15(2) of the same regulations. This exemption applies to listed entities having paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as on the last day of the previous financial year.
According to the company's audited financial statements for FY ended 31st March 2026:
- Paid-up equity share capital: ₹4,99,23,000
- Net worth: ₹21,14,17,743.99
Based on these financial parameters, the company qualifies for exemption from submitting the Annual Secretarial Compliance Report as required under Regulation 24A.