Confidence Petroleum India Limited has informed the Exchange about Shareholders meeting
CONFIPET · price
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Confidence Petroleum India Limited held its 31st Annual General Meeting on September 30, 2025, via video conferencing, lasting 25 minutes from 1:00 PM to 1:25 PM. Chairman & Managing Director Nitin Khara addressed shareholders on the company's performance, declared dividend, and future outlook. A final dividend of Rs. 0.10 per equity share (10%) for FY 2024-25 was proposed for approval. Key items put to vote included adoption of FY25 financial statements, re-appointment of Director Elesh Khara, ratification of cost auditors' remuneration, appointment of secretarial auditors, two material related party transactions with Sneha Petroleum and Gaspoint Petroleum India Limited, and induction of two new Independent Directors (Sumit Bansal and Richa Kalra). Remote e-voting was open from September 27-29, 2025, and voting results along with the scrutinizer's report will be announced within 48 hours.
The AGM is procedural and largely confirmatory, with no negative surprises. The Rs. 0.10 dividend signals modest shareholder returns, and the related party transactions with group entities (Sneha Petroleum, Gaspoint) are worth monitoring for governance. Watch for the e-voting results within 48 hours for definitive shareholder approval status.