Inter State Oil Carrier Limited has submitted the voting results of its postal ballot process to BSE Limited. The company sought shareholder approval for three special resolutions through remote e-voting conducted from Sunday, 24th May, 2026 at 9:00 A.M. IST to Monday, 22nd June, 2026 at 5:00 P.M. IST.
Mr. Rantu Kumar Das (FCS No. 8437, CP No. 9671), Partner of M/s. Rantu Das & Associates, Company Secretaries, was appointed as the Scrutinizer for the postal ballot process. The cut-off date for determining voting rights was Friday, 15th May, 2026.
Voting Results
All three special resolutions were passed with the requisite majority:
ITEM NO. 1 - SPECIAL RESOLUTION: To approve increase in borrowing limits of the company under Section 180(1)(c) of the Companies Act, 2013
- Total votes cast: 2,223,471 shares (44.5380% of outstanding shares)
- Votes in favor: 2,114,459 shares (95.0972%)
- Votes against: 109,012 shares (4.9028%)
- Invalid votes: NIL
ITEM NO. 2 - SPECIAL RESOLUTION: To create charges on the movable and immovable properties of the company, both present and future, in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013
- Total votes cast: 2,223,471 shares (44.5380% of outstanding shares)
- Votes in favor: 2,114,454 shares (95.0970%)
- Votes against: 109,017 shares (4.9030%)
- Invalid votes: NIL
ITEM NO. 3 - SPECIAL RESOLUTION: To increase the limits applicable for making investments, extending loans, giving guarantees and providing securities specified under Section 186 of Companies Act, 2013
- Total votes cast: 2,223,471 shares (44.5380% of outstanding shares)
- Votes in favor: 2,114,458 shares (95.0972%)
- Votes against: 109,013 shares (4.9028%)
- Invalid votes: NIL
Shareholder Participation
- Total number of shareholders on record date: 4,186
- Number of shareholders who voted: 43 (6 promoter & promoter group, 37 public)
- Promoter & Promoter Group shares: 2,247,234
- Public Non-Institutional shares: 2,745,066
- Public Institutional shares: 0
Promoter vs Public Voting Pattern
Promoter shareholders voted unanimously in favor of all resolutions (100% approval). Public non-institutional shareholders largely dissented, with only 0.7475-0.7511% voting in favor across the three resolutions.