attaching herewith intimation of closure of survey action by the Income tax Department
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Confidence Futuristic Energetech Ltd has informed BSE that the Income Tax Department's survey action on some of its offices in India, which began on October 7, 2025, has now been completed as of October 12, 2025. The company stated it extended full cooperation to the tax department throughout the process. The same survey action was also conducted at its holding company, Confidence Petroleum India Limited, and that has likewise concluded. No details on findings, demands, or penalties have been disclosed yet.
For now, the resolution removes the immediate uncertainty around the ongoing tax survey. However, the financial impact remains unclear until the Income Tax Department communicates any findings, tax demand, or penalty, which could affect future earnings if a significant liability arises.