Confidence Futuristic Energetech Limited has announced the resignation of its joint statutory auditor, L N J & Associates, Chartered Accountants, effective December 30, 2025. The company informed the BSE Limited about this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Auditor Resignation Details

L N J & Associates, with firm registration number 135772W, submitted their resignation letter on December 30, 2025, citing preoccupation with other personal and professional commitments as the primary reason for discontinuing their services as statutory auditor of the company.

Term of Appointment

The auditing firm was originally appointed as statutory auditor for a five-year period at the company's 36th Annual General Meeting held on September 30, 2021. Their term was scheduled to continue until the conclusion of the 41st Annual General Meeting for FY 2026.

Audit Work Completed

Prior to their resignation, L N J & Associates had completed significant audit work for the company. They issued the audit report for the financial year ended March 31, 2025, and provided limited review reports for the quarter ended September 30, 2025, which were submitted on November 11, 2025.

Compliance and Declarations

The resigning auditor firm has confirmed that they have no disputes with the company's management and have not encountered any concerns relating to suppression of information by the management for carrying out their audit procedures. L N J & Associates will file the required ADT-3 form with the Registrar of Companies as mandated under the Companies Act, 2013.

Regulatory Compliance

Confidence Futuristic Energetech Limited has fulfilled all disclosure requirements under SEBI regulations, providing comprehensive details as required under Regulation 30 read with Schedule III of the Listing Regulations and relevant SEBI circulars dated September 09, 2015, October 18, 2019, and July 13, 2023. The company's announcement includes all necessary annexures and documentation related to the auditor change.

The resignation represents a routine corporate governance matter, with the auditing firm confirming that there are no material reasons beyond those disclosed for their decision to step down from their statutory auditor role.

Confidence Futuristic Energetech Limited (CFEL) has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance across its business segments.

Standalone Performance

On a standalone basis, CFEL reported a significant increase in revenue from operations, which rose to Rs 184.74 crore in Q2 FY26, compared to Rs 76.45 crore in the previous quarter. However, the company recorded a marginal improvement in its net loss, which stood at Rs 56.17 crore for the quarter, slightly better than the loss of Rs 56.63 crore in the prior quarter.

Consolidated Results

The consolidated financial results paint a different picture:

The consolidated revenue from operations decreased to Rs 2,998.39 crore in Q2 FY26, down from Rs 4,007.85 crore in the previous quarter. Despite the revenue decline, the company managed to maintain profitability, with a consolidated net profit of Rs 18.83 crore for the quarter, although this was lower than the Rs 42.01 crore reported in the prior quarter.

Segment-wise Performance

CFEL operates through two main segments:

CNG Cylinder Division

This segment, which includes the production and marketing of CNG, high pressure, and oxygen cylinders, reported revenue of Rs 2,258.54 crore for Q2 FY26, a significant decrease from Rs 4,000.20 crore in the previous quarter.

LPG Division

The LPG marketing and bottling business saw an increase in revenue to Rs 239.86 crore in Q2 FY26, up from Rs 97.64 crore in Q1 FY26.

Financial Position

As of September 30, 2025, CFEL's consolidated balance sheet showed:

• Total assets of Rs 33,394.60 crore
• Total liabilities of Rs 13,327.04 crore

Management Commentary

The company's Board of Directors approved these results at a meeting held on November 11, 2025. While specific management comments were not provided in the available data, the mixed results suggest that Confidence Futuristic Energetech may be facing challenges in its CNG Cylinder Division, which saw a significant revenue decline, while the LPG Division showed signs of growth.

Conclusion

Confidence Futuristic Energetech Limited's Q2 FY26 results reflect a complex business environment. The company's ability to maintain profitability despite revenue challenges in its largest segment indicates resilience, but also points to potential headwinds in the CNG cylinder market. Investors and analysts may want to watch for any strategic shifts or market commentary from the management in the coming quarters to better understand the company's path forward in its key business areas.