Inter State Oil Carrier Board Approves MD Remuneration Revision

Inter State Oil Carrier Ltd announced the outcome of its Board Meeting held on October 5, 2026. Key decisions included the revision in remuneration terms for Managing Director Mr. Sanjay Jain, introducing a profit-linked commission, subject to member approval via postal ballot. The board also approved related party transactions and set October 9, 2026, as the cut-off date for postal ballot eligibility. M/s. Rantu Das & Associates were appointed as Scrutinizers, and CDSL was appointed as the e-Voting Agency for the postal ballot process.