attaching herewith intimation with respect to search and seizure operations by income tax department
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Awaiting price reaction for this filing.
Confidence Futuristic Energetech Ltd has informed the stock exchange that the Income Tax Department has been conducting search and seizure operations at the company's offices, plants, and the residential premises of its promoters and directors since Tuesday, October 7, 2025. The operation was still ongoing as of the filing date, October 9, 2025. The same action is also being carried out at Confidence Petroleum India Limited, which is the company's holding company. The company said it will provide further updates on the impact and developments as required under SEBI disclosure rules.
This is a negative development that often creates short-term uncertainty and pressure on the stock price. Shareholders should watch for follow-up disclosures about any tax demand, penalty, or financial impact on the company.