Confidence Petroleum India Limited submitted a regulatory compliance statement to the National Stock Exchange of India Limited and Bombay Stock Exchange regarding utilization of funds raised through preferential allotment.
The disclosure is made under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended March 31, 2026.
Fund Raising Details
- Mode of Fund Raising: Preferential Issue - Allotment of shares
- Date of Raising Funds: 15th February, 2024 (Date of Receipt of Fund/Allotment Date)
- Amount Raised: ₹250,11,00,032 (₹250.11 crore)
- Monitoring Agency: Care Ratings Ltd
- Monitoring Applicable: Yes
Fund Utilization Status
There is no deviation or variation in the utilization of funds raised. The company confirmed:
- No deviation pursuant to change in terms of contract or objects
- No shareholder approval required for variation (Not Applicable)
Detailed Fund Allocation and Utilization
| Object | Original Allocation (₹ Cr) | Modified Allocation (₹ Cr) | Utilized (₹ Cr) | Deviation/Variation (₹ Cr) | Remarks |
| Capex of Auto LPG Segment | 75.00 | 0.00 | 75.00 | 0.00 | The funds have been utilized for the Capex requirement |
| Capex of Pack LPG Cylinder Segment | 75.00 | 0.00 | 75.00 | 0.00 | The funds have been utilized for the Capex requirement |
| Capex of CNG segment | 75.00 | 0.00 | 75.00 | 0.00 | The funds have been utilized for the Capex requirement |
| For general corporate purposes | 25.11 | 0.00 | 24.09 | 0.00 | The funds have been utilized for the Capex requirement |
| Total | 250.11 | 0.00 | 249.09 | 0.00 | |
Governance and Compliance
- Audit Committee Comments: After review, confirmed no deviations
- Auditor Comments: None provided
- The company has fully utilized the funds for the specified objects without any variation from the original allocation