attaching herewith scrutinizers reprot with voting result
CONFIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Confidence Petroleum India Ltd held an Extra-Ordinary General Meeting on 02nd May 2026 via video conferencing. Three special resolutions were passed with overwhelming shareholder approval (99.99% in favour each). The resolutions included: (1) appointment of M/s. Katariya and Munot, Chartered Accountants as Joint Statutory Auditor, (2) borrowing limits under Section 180(1)(c) of the Companies Act 2013, and (3) creation of charge. Total votes polled represented 44.84% of outstanding shares (149 million out of 332 million). Promoter group held 79.63% voting participation while public institutions showed 61.30% participation. The scrutinizer certified all resolutions passed with requisite majority.
All three resolutions passed decisively, indicating shareholder confidence. The new joint statutory auditor appointment replaces the previous auditor, while borrowing and charge creation powers give management enhanced financial flexibility for future operations and debt structuring.