attaching herewith statement of Deviation or variation March 31, 2026
CONFIPET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Confidence Petroleum India Ltd has filed its quarterly statement of deviation under SEBI regulations for Q4 FY26. The company raised ₹250.11 crore through a preferential issue of shares on February 15, 2024. The funds have been deployed as planned across three capex segments (Auto LPG, Pack LPG Cylinder, and CNG) with ₹75 crore each, and ₹24.09 crore for general corporate purposes out of the ₹25.11 crore allocated. Total utilization stands at ₹249.09 crore. The monitoring agency is Care Ratings Ltd. Importantly, there is NO deviation or variation in the use of funds from the originally disclosed objects.
Positive signal for shareholders as the company has deployed funds as intended with full transparency and no deviations reported. The nil deviation statement confirms proper fund utilization for capex expansion in core LPG and CNG businesses.