Corporate Governance11 Aug 2026, 09:10 pm
Confidence Petroleum: No Deviation in Preferential Issue Fund Use for Q2 2026
AI Summary
Confidence Petroleum India Ltd has filed a statement of deviation or variation for the quarter ended June 30, 2026, concerning its preferential issue. The company raised ₹250.11 crore on February 15, 2024. The filing confirms there is no deviation or variation in the utilization of these funds. All allocated amounts for Capex in Auto LPG, Pack LPG Cylinder, CNG segments, and general corporate purposes have been utilized as planned. The monitoring agency for this issue is Care Ratings Ltd.
Key Highlights
- No deviation reported in the utilization of funds from preferential issue.
- Total funds raised: ₹250.11 crore on February 15, 2024.
- Funds utilized for Capex across LPG and CNG segments, and general corporate purposes.
- Statement covers the quarter ended June 30, 2026.
- Care Ratings Ltd is the monitoring agency.
Price Impact
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