Radiant Computech Private Limited reduced its stake in Confidence Petroleum by selling 67,02,372 equity shares through open market transactions.

The sales occurred between June 29, 2026 and August 24, 2026, triggering a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

Radiant Computech’s holding fell from 8.50% to 6.48% of the total voting capital following the disposal. The acquirer is not part of the promoter group.

Transaction Details

The total diluted share/voting capital of Confidence Petroleum remained unchanged at 332,241,043 equity shares with a face value of ₹1 each. Radiant Computech reported no warrants, convertible securities, or voting rights other than those carried by ordinary shares.

What the Numbers Show

The reduction in stake from 8.50% to 6.48% indicates a significant de-risking or profit-booking move by Radiant Computech, as it exited multiple non-reportable tranches prior to this mandatory disclosure threshold being crossed.

Confidence Petroleum India Limited reported a consolidated net profit of ₹6,255 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a 206% increase from ₹2,045 lakh in Q1FY25. On a sequential basis, consolidated net profit rose to 619M rupees from 313M in the previous quarter. Consolidated revenue from operations rose 117% year-on-year to ₹24,085.3 million, up from ₹11,119.9 million in the corresponding period, and grew sequentially from 12B rupees in the prior quarter. The significant growth was attributed to the company's strategic prioritization of bulk supply, which offers higher margins, alongside its mandated PCD supply obligations. This performance came despite subdued activity in the Auto LPG division due to price volatility and supply uncertainties stemming from ongoing conflicts in the Middle East.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 11, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Singhi & Co. and Katariya and Munot, conducted a limited review of the results under Standard on Review Engagements (SRE) 2410 and issued an unmodified conclusion. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

The following table summarizes the key financial metrics for the quarter on both a consolidated and standalone basis:

The sequential performance metrics are presented below:

Standalone net profit for the quarter stood at ₹6,079 lakh, up from ₹1,940 lakh in Q1FY25, representing a 213% year-on-year increase. Standalone revenue from operations grew 121% to ₹23,487.7 million. Earnings per share (basic) increased to ₹1.86 on a consolidated basis and ₹1.83 on a standalone basis, compared to ₹0.61 and ₹0.58 respectively in the prior year period. Total comprehensive income net of taxes was ₹6,255 lakh on a consolidated basis and ₹6,079 lakh on a standalone basis.

What the Numbers Show

The disproportionate rise in net profit (206%) compared to revenue growth (117%) indicates improved operational leverage and margin expansion on a year-on-year basis. While total expenses rose by 113% to ₹23,280.8 million, they grew at a slower pace than revenue, suggesting better cost management or favorable product mix shifts towards higher-margin bulk supplies. On a sequential basis, EBITDA margin contracted to 5.96% from 7.84% in the prior quarter, even as absolute EBITDA grew to 1.4B rupees from 953M. The company highlighted that the Auto LPG division's performance was subdued due to higher prices and lower availability, yet overall group profitability surged, underscoring the resilience of its core LPG distribution and bulk supply businesses.

Regulatory and Tax Disclosures

The auditors emphasized a discrepancy of ₹1,288 lakh between the Input Tax Credit reflected on the GSTN portal and the amount recorded in the holding company's books. Management is currently reconciling these differences but views no material impact on the financial position. Additionally, the Income-Tax authorities conducted search activities at some premises and employee residences in October 2025. The company stated it has fully cooperated with officials and has not received any written communication regarding the outcome as of August 11, 2026; consequently, no accounting provisions have been made.