Quarterly Updates30 May 2026, 10:21 pm
Confidence Petroleum: Deviation Statement for March 2026
AI Summary
Confidence Petroleum India Ltd. filed a statement of deviation or variation for the quarter ended March 31, 2026, regarding a preferential issue made on February 15, 2024, raising ₹250,11,00,032. The company reports no deviation in the use of funds. The funds were allocated to Capex for Auto LPG, Pack LPG Cylinder, CNG segments, and general corporate purposes. Care Ratings Ltd. is the monitoring agency.
Key Highlights
- Confidence Petroleum reports no deviation in fund utilization for the quarter ended March 31, 2026.
- ₹250.11 Cr was raised through a preferential issue on February 15, 2024.
- Funds were allocated to Capex for Auto LPG, Pack LPG Cylinder, CNG segments, and general corporate purposes.
- Care Ratings Ltd. is the monitoring agency for the fund utilization.
Price Impact
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