Confidence Petroleum India attends GIA Flagship Conference

1 min read     Updated on 21 Jun 2026, 12:48 AM
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Naman SScanX News Team
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Confidence Petroleum India Limited will attend the GIA Flagship Conference 2026 in Mumbai on June 24, 2026. The management will engage with investors in a physical group meeting from 9am to 6pm, adhering to SEBI regulations.

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Confidence Petroleum India Limited will attend the GIA Flagship Conference 2026 in Mumbai on June 24, 2026. The company’s management will engage with investors and analysts during a physical group meeting scheduled from 9am to 6pm. This interaction provides stakeholders an opportunity to discuss the company's performance and outlook based on publicly available information.

The meeting is being held in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that no unpublished price sensitive information (UPSI) will be discussed during the interaction. Discussions will be restricted to referring to publicly available documents.

The schedule for the meeting is indicative and subject to changes due to unforeseen developments or exigencies on the part of the company or the organizer. Investors can register for the event through a specific link provided by the conference organizers.

Meeting Details

Date Institution Name Type of Meeting Timing Location
24 June 2026 GIA Flagship Conference 2026 Physical Group Meeting 9am-6pm Mumbai

Prity Bhabhra, Company Secretary of Confidence Petroleum India Limited , signed the intimation sent to the National Stock Exchange of India Limited and The Bombay Stock Exchange.

Historical Stock Returns for Confidence Petroleum

1 Day5 Days1 Month6 Months1 Year5 Years
-1.76%-1.73%+6.94%+101.22%+23.15%+12.16%

What key growth strategies is management likely to highlight for the post-2026 period?

How might investor sentiment shift following the engagement at the GIA Flagship Conference?

What market trends or challenges could influence the company's performance outlook?

Gaspoint Petroleum pledges 2.61 crore shares in Confidence Petroleum

1 min read     Updated on 05 Jun 2026, 10:49 AM
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Anirudha BScanX News Team
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Gaspoint Petroleum India Limited, a promoter group entity, has pledged 2,61,00,000 equity shares representing 7.86% of the total share capital of Confidence Petroleum India Limited. The pledge was created on June 3, 2026, in favor of Shine Star Build Cap Pvt Ltd to meet working capital requirements. This disclosure was submitted to the stock exchanges under Regulation 31 of the SEBI Takeover Regulations.

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Gaspoint Petroleum India Limited, a promoter group entity, has pledged 2,61,00,000 equity shares in confidence petroleum to meet working capital requirements. The pledge, representing 7.86% of the total share capital, was created on June 3, 2026, in favor of Shine Star Build Cap Pvt Ltd. This encumbrance increases the total encumbered shares held by the promoter to 2,90,00,000, or 8.73% of the total share capital.

The disclosure was submitted to the National Stock Exchange of India Limited and The Bombay Stock Exchange under Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing references SEBI's Master circular dated February 16, 2023.

Pledge Details

The following table outlines the shareholding and encumbrance details for the promoter group:

Promoter/PAC Promoter Holding (Number) % of Total Share Capital Pre-Event Encumbered Shares % of Total Share Capital Pledged Shares (Number) % of Total Share Capital Post-Event Encumbered Shares % of Total Share Capital
Gaspoint Petroleum India Limited 70860975 21.33 2900000 0.87 26100000 7.86 29000000 8.73
Confidence LPG Bottling Pvt Ltd 11145698 3.35 1915000 0.58 NA NA NA NA
Essenn LPG Bottling Private Limited 30437981 9.16 NA NA NA NA NA NA
Nitin Punamchand Khara 23532987 7.08 1875000 0.56 NA NA 1875000 0.56

Other promoter group entities, including Elesh Punamchand Khara, Khara Software Services Limited, N. N. V. Finance Limited, and Alpa Nitin Khara, hold shares but have no reported encumbrances. Nitin Khara, Director of Gaspoint Petroleum (India) Limited, signed the disclosure on June 3, 2026.

Historical Stock Returns for Confidence Petroleum

1 Day5 Days1 Month6 Months1 Year5 Years
-1.76%-1.73%+6.94%+101.22%+23.15%+12.16%

What specific working capital needs prompted Gaspoint Petroleum to secure this funding now?

How will this increased pledge ratio affect the company's cost of borrowing and credit ratings?

Is there a risk of further share pledges by the promoter group if market conditions deteriorate?

More News on Confidence Petroleum

1 Year Returns:+23.15%