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 (VC)/Other Audio-Visual Means (OAVM). Physical attendance was dispensed with in accordance with MCA circulars.

Proposed Resolutions and Implications

The meeting considered 11 resolutions covering both ordinary and special business:

Ordinary Business:

1. Adoption of Financial Statements and Reports of the Auditors & Directors for FY 2025-26

2. Declaration of Final Dividend of Rs. 0.10/- (10%) per equity share for FY ended 31st March 2026

3. Re-appointment of Mr. Elesh Khara (DIN: 01765620) as director liable to retire by rotation

4. Re-appointment of M/s. Katariya and Munot, Chartered Accountant as Joint Statutory Auditor

Special Business:

5. Ratification of Remuneration payable to Cost Auditors

6. Material Related Party Transaction(s) with Sneha Petroleum

7. Material Related Party Transaction(s) with Gaspoint Petroleum India Limited

8. Material Related Party Transaction(s) with Halol Cylinders Private Limited

9. Material Related Party Transaction(s) with Uma Gaspoint Bottling Private Limited

10. Material Related Party Transaction(s) with Taraa LPG Bottling Private Limited

11. To alter and adopt the Amended and Restated Articles of Association of the Company

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facility provided by NSDL
  • E-voting during the AGM through NSDL platform

The remote e-voting period commenced on Sunday, 27th September, 2026 at 9:00 A.M. IST and ended on Tuesday, 29th September, 2026 at 5:00 P.M. IST. The cut-off date for determining shareholders entitled to vote was Wednesday, 23rd September, 2026.

Key Voting Outcomes

Overall Participation:

  • Total shareholders present through VC: 37 (Thirty Seven)
  • Promoters and Promoter Group: 7 (Seven)
  • Public shareholders: 30 (Thirty)
  • Total outstanding shares: 332,241,043

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements:

  • Total votes cast: 159,776,461 (48.09% of outstanding shares)
  • Votes in favor: 158,955,780 (99.48% of votes cast)
  • Votes against: 820,681 (0.51% of votes cast)
  • Promoter group: 100% in favor (157,979,379 votes)
  • Public institutions: 19.70% in favor, 80.29% against
  • Public non-institutions: 99.95% in favor

Resolution 2 - Final Dividend Declaration:

  • Total votes cast: 159,790,254 (48.09% of outstanding shares)
  • Votes in favor: 159,789,867 (99.99% of votes cast)
  • Votes against: 387 (0.00% of votes cast)
  • Nearly unanimous support across all categories

Resolution 3 - Re-appointment of Director:

  • Promoters were interested and their votes not considered
  • Total votes cast: 1,810,875 (0.54% of outstanding shares)
  • Votes in favor: 1,808,020 (99.84% of votes cast)
  • Votes against: 2,855 (0.16% of votes cast)

Resolution 4 - Re-appointment of Auditor:

  • Total votes cast: 159,790,254 (48.09% of outstanding shares)
  • Votes in favor: 159,787,327 (99.99% of votes cast)
  • Votes against: 2,927 (0.00% of votes cast)

Resolution 5 - Cost Auditor Remuneration:

  • Total votes cast: 159,790,254 (48.09% of outstanding shares)
  • Votes in favor: 159,788,939 (99.99% of votes cast)
  • Votes against: 1,315 (0.00% of votes cast)

Resolution 6 - Related Party Transaction with Sneha Petroleum:

  • Total votes cast: 1,810,875 (0.54% of outstanding shares)
  • Votes in favor: 1,809,488 (99.92% of votes cast)
  • Votes against: 1,387 (0.08% of votes cast)

Resolution 7 - Related Party Transaction with Gaspoint Petroleum:

  • Promoters were interested and their votes not considered
  • Total votes cast: 1,810,875 (0.54% of outstanding shares)
  • Votes in favor: 988,005 (54.55% of votes cast)
  • Votes against: 822,870 (45.44% of votes cast)
  • Public institutions: 20.66% in favor, 79.33% against

Resolution 8 - Related Party Transaction with Halol Cylinders:

  • Promoters were interested and their votes not considered
  • Total votes cast: 1,810,875 (0.54% of outstanding shares)
  • Votes in favor: 987,933 (54.55% of votes cast)
  • Votes against: 822,942 (45.44% of votes cast)

Resolution 9 - Related Party Transaction with Uma Gaspoint:

  • Total votes cast: 1,810,875 (0.54% of outstanding shares)
  • Votes in favor: 1,809,560 (99.92% of votes cast)
  • Votes against: 1,315 (0.07% of votes cast)

Resolution 10 - Related Party Transaction with Taraa LPG:

  • Total votes cast: 1,810,875 (0.54% of outstanding shares)
  • Votes in favor: 1,809,560 (99.92% of votes cast)
  • Votes against: 1,315 (0.07% of votes cast)

Resolution 11 - Amendment to Articles of Association:

  • Total votes cast: 159,790,254 (48.09% of outstanding shares)
  • Votes in favor: 159,788,939 (99.99% of votes cast)
  • Votes against: 1,315 (0.00% of votes cast)

Scrutinizer's Role and Findings

Siddharth Sipani, Practicing Company Secretary, was appointed as scrutinizer to conduct the remote e-voting and e-voting during the AGM. The scrutinizer confirmed:

  • The voting was conducted in compliance with Section 108 of the Companies Act, 2013 and relevant rules
  • Votes were unblocked at Nagpur on 30th September, 2026 in the presence of two witnesses (Ms. Anshika Jain and Ms. Vaidehi Pendsey)
  • No invalid votes were cast in any resolution
  • All resolutions passed with requisite majority

Compliance Confirmation

The company confirmed compliance with applicable provisions of:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and relevant rules
  • MCA and SEBI circulars regarding conduct of AGM through VC/OAVM

Additional Information

The notice of AGM was sent electronically to members with registered email addresses and was also available on company website, stock exchange websites (BSE and NSE), and NSDL e-voting website. The facility for appointment of proxies was dispensed with as per MCA circulars.