Board Meeting10 Aug 2026, 06:11 pm
Siddhant Jain Re-appointed Whole-Time Director for 3 Years
AI Summary
Inter State Oil Carrier Ltd announced the re-appointment of Mr. Siddhant Jain as Whole-Time Director for a further period of three years, from May 2, 2027, to May 1, 2030. This reappointment is subject to shareholder approval at the upcoming Annual General Meeting. The Board also approved the un-audited financial results for the first quarter ended June 30, 2026, reporting a profit of ₹63.12 Lakhs. Additionally, revisions to the remuneration of Managing Director Mr. Sanjay Jain were approved, also pending shareholder consent. The 42nd Annual General Meeting is scheduled for September 14, 2026.
Key Highlights
- Siddhant Jain re-appointed Whole-Time Director for three years.
- Re-appointment effective May 2, 2027, pending shareholder approval.
- Q1 FY27 profit stands at ₹63.12 Lakhs.
- Remuneration revision for MD Sanjay Jain approved.
- 42nd AGM scheduled for September 14, 2026.
Price Impact
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