Confidence Petroleum India Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 02, 2026. Further, the company has informed the Exchange regarding voting results.
CONFIPET · price
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Confidence Petroleum India Limited held an Extraordinary General Meeting on May 2, 2026 via video conferencing with 31 shareholders attending. Three special resolutions were tabled and all passed with overwhelming majority (99.99% in favour). The resolutions included: (1) appointment of M/s Katariya and Munot as Joint Statutory Auditors, (2) approval for borrowing limits under Section 180(1)(c) of the Companies Act 2013, and (3) creation of charge on company assets. Total votes polled were approximately 149 million shares representing 44.84% of outstanding shares. Promoter group showed 79.63% voting participation with 100% in favour across all resolutions.
All resolutions passed smoothly with near-unanimous shareholder approval, indicating strong governance support. The borrowing limits and charge creation resolutions provide the company flexibility for future debt financing and asset-backed borrowing.