Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Confidence Petroleum India Limited

Meeting Details

The 32nd Annual General Meeting was convened and held on Wednesday, 30th September, 2026 at 01.00 P.M. (IST) through Video Conferencing/Other Audio Visual Means. The meeting commenced at 01:00 PM and concluded at 01:28 P.M. (IST).

Proposed Resolutions and Implications

The meeting considered and sought approval for the following 11 items of business:

  • Adoption of Financial Statements for the financial year 2025-26 (Standalone and Consolidated)
  • Declaration of a Final Dividend of ₹0.10 (10%) per equity share for the financial year ended 31st March, 2026
  • Re-appointment of Mr. Elesh Khara (DIN-01765620) as Director liable to retire by rotation
  • Re-appointment of M/s. Katariya and Munot, Chartered Accountant as Joint Statutory Auditor of the Company
  • Ratification of Remuneration payable to Cost Auditors
  • Material Related Party Transaction(s) with Sneha Petroleum
  • Material Related Party Transaction(s) with Gaspoint Petroleum India Limited
  • Material Related Party Transaction(s) with Halol Cylinders Private Limited
  • Material Related Party Transaction(s) with Uma Gaspoint Bottling Private Limited
  • Material Related Party Transaction(s) with Taraa LPG Bottling Private Limited
  • To alter and adopt the Amended and Restated Articles of Association of the Company

Voting Process and Methods

The Company provided remote e-voting facilities to all shareholders holding shares as on the cut-off date of 23rd September, 2026. Remote e-voting was open for 3 days from Sunday, 27th September, 2026 (09.00 A.M.) to Tuesday, 29th September, 2026 (5.00 P.M.). Shareholders who could not vote electronically were given an opportunity to cast their votes by exercising e-voting during the meeting.

Scrutinizer Appointment and Findings

The Company appointed CS Siddharth Sipani, Company Secretary, Nagpur as the Scrutinizer to scrutinize the remote e-voting process in a fair and transparent manner. The results of voting along with the scrutinizer's report were to be announced within 48 hours at the Registered Office of the Company and displayed on the website of the Company and Stock Exchanges.

Compliance with Regulations

The meeting was conducted in compliance with Circulars issued by the MCA and SEBI. The requirement of appointing proxies was not applicable due to no physical attendance of Members. The Notice convening the AGM and the Auditor's Report for the year ended 31st March, 2026 were taken as read with the consent of members present.

Meeting Proceedings

Ms. Prity Bhabhra, Company Secretary and Compliance Officer welcomed members and briefed them on participation details. Mr. Nitin Punamchand Khara, Director of the Company, occupied the Chair and made opening remarks regarding the Company's performance, declared dividend, and future outlook. Special invitees addressed the meeting, and registered speakers/members were given opportunities to ask questions.