Inter State Oil Carrier Limited has completed a postal ballot process seeking shareholder approval for three special resolutions to enhance the company's financial capabilities. The process was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The resolutions put to vote were:
- Special Resolution to approve increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
- 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
- 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
The postal ballot notice was dated 11th May, 2026, and was previously communicated to BSE Limited on 22nd May, 2026. The remote e-voting period commenced on Sunday, 24th May, 2026 at 9:00 AM (IST) and concluded on Monday, 22nd June, 2026 at 5:00 PM (IST).
The company engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. The cut-off date for determining shareholder eligibility to vote was Friday, 15th May, 2026. The postal ballot notice and explanatory statement were sent via email on 22nd May, 2026 to members whose email addresses were registered with the company's RTA, Maheshwari Datamatics Pvt. Ltd., or depositories.
Public advertisements informing about the postal ballot were published on 23rd May, 2026 in Business Standard (English - All Edition) and Arthik Lipi (Bengali) newspapers.
The company appointed Mr. Rantu Kumar Das (FCS No. 8437, CP No. 9671), Partner of M/s. Rantu Das & Associates, Company Secretaries (Firm Registration No. P2012WB065600), as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.
The Scrutinizer will submit his report to Mr. Sanjay Jain (Managing Director) or Ms. Rashmi Sharma (Company Secretary) as authorized by the Board. The results of the postal ballot will be declared on or before Wednesday, 24th June, 2026 by 5:00 PM (IST).
The results along with the Scrutinizer's Report will be made available on the company's website (www.isocl.in) immediately after declaration and communicated to CDSL for display on www.evotingindia.com. The voting results will also be submitted to stock exchanges within prescribed timelines under Regulation 44(3) of SEBI LODR Regulations.
The communication was signed by Ms. Rashmi Sharma, Company Secretary & Compliance Officer (Membership No. A34765) on behalf of Inter State Oil Carrier Limited.