CONFIDENCE PETROLEUM INDIA LIMITED has informed the Exchange about Resignation of Statutory Auditor
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M/s L N J & Associates, Chartered Accountants (FRN 135772W), one of the Joint Statutory Auditors of Confidence Petroleum India Limited, has resigned effective close of business on December 30, 2025. The firm was originally appointed on September 30, 2021 for a 5-year term, which was scheduled to run until the 41st Annual General Meeting for FY 2026-27. The auditor cited preoccupation with other personal and professional commitments as the reason for stepping down. Importantly, the firm had already completed the audit for FY ended March 31, 2025 and issued the limited review report for Q2 FY26 (quarter ended September 30, 2025) on November 14, 2025, shortly before resigning. The auditor confirmed there is no dispute with the company and no concerns about suppression of information by management.
This is a mid-term auditor exit, but the reasons cited are personal rather than governance-related, and the auditor has signed off on the most recent annual audit and Q2 review without flagging any concerns. Shareholders should watch for the company's announcement of a new joint statutory auditor to fill the vacancy; the resignation itself is unlikely to materially impact the stock given the clean sign-off and routine explanation.