Confidence Petroleum India Limited reported a consolidated net profit of ₹9,653 lakh for the financial year ended March 31, 2026, an increase from ₹9,084 lakh in the previous year. Revenue from operations for the year stood at ₹4,70,457 lakh, compared to ₹3,14,576 lakh in FY25. The board has recommended a final dividend of ₹0.10 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. The statutory auditors issued a modified opinion on the financial results due to discrepancies in Goods and Services Tax (GST) input tax credit reconciliations.

Financial Performance

The company's standalone net profit for FY26 was ₹8,633 lakh, up from ₹7,740 lakh in the previous year, with revenue from operations rising to ₹4,52,967 lakh from ₹3,02,739 lakh. For the quarter ended March 31, 2026, the consolidated net profit was ₹3,439 lakh, while the standalone net profit was ₹2,670 lakh. The board approved the audited financial results for both standalone and consolidated entities during a meeting held on May 30, 2026.

Audit Qualifications

The statutory auditors, Singhi & Co. and Katariya and Munot, issued a qualified opinion on the standalone and consolidated financial results. The qualification arises from a difference of ₹1,288 lakh in the holding company's input tax credit between the balance reflected on the GST Network portal and the amount recorded in the books of account. The auditors stated they were unable to ascertain the impact of this discrepancy on the profit for the year and earlier periods, or its consequential effect on retained earnings and assets. The management is currently reconciling these differences and does not expect a material impact on the financial position.

Dividend and Borrowings

The board recommended a final dividend of 10%, or ₹0.10 per share, on a face value of ₹1 each for FY26. Additionally, the company confirmed it is not a Large Corporate as per SEBI circular dated October 19, 2023. Outstanding qualified borrowings at the end of the financial year were ₹174 crore, a decrease from ₹305.21 crore at the start of the year. The highest credit rating for the company's unsupported bank borrowings is A (Single A) by Acuite Rating and Research.

Confidence Petroleum India Limited has disclosed the voting results and scrutinizer's report for its Extra-Ordinary General Meeting held on Saturday, 02nd May 2026, through Video Conferencing/Other Audio Visual Means (VC/OAVM). In compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, all three special resolutions placed before shareholders were passed with requisite majority via e-voting.

Meeting Participation Overview

The EGM was attended by 31 shareholders through video conferencing, comprising 8 from the Promoter and Promoter Group and 23 from the Public category. The total number of shareholders on the record date of 24/04/2026 stood at 109152. Physical attendance was dispensed with in accordance with MCA and SEBI circulars, and the remote e-voting facility was provided by National Securities Depository Limited (NSDL).

Resolution 1: Appointment of Joint Statutory Auditor

The first special resolution concerning the appointment of M/S. Katariya and Munot, Chartered Accountant, as Joint Statutory Auditor of the Company was passed with requisite majority. The promoter group voted entirely in favour, while public institutional and non-institutional shareholders also voted overwhelmingly in support.

Resolution 2: Borrowing Limits Under Section 180(1)(C)

The second special resolution authorising borrowing limits under Section 180(1)(C) of the Companies Act, 2013 was also passed with requisite majority. The promoter group and public institutional shareholders voted entirely in favour, with minimal opposition from non-institutional public shareholders.

Resolution 3: Creation of Charge

The third special resolution pertaining to the Creation of Charge was similarly passed with requisite majority. Promoter group and public institutional shareholders voted unanimously in favour, while public non-institutional shareholders recorded a small number of votes against.

Scrutinizer's Report and Regulatory Compliance

The scrutinizer's report was submitted by Siddharth Sipani, Proprietor of M/s Siddharth Sipani & Associates, Company Secretaries (Membership No. 28650, CP No. 11193), dated 04/05/2026, from Nagpur. The votes were unblocked at Nagpur on 02nd May 2026 in the presence of two witnesses, Ms. Anshika Jain and Mr. Kushal Jain, who are not employees of the company. The voting results and scrutinizer's report have been submitted to both the National Stock Exchange of India Limited and The Bombay Stock Exchange in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Prity Bhabhra confirmed the official completion of all EGM formalities, with the company operating from its registered office at 1002 Akruti Erica, Vile Parle East, Mumbai-400057, and its corporate office at Confidence Tower, Nagpur.