Confidence Petroleum India Limited has announced key board decisions following its meeting held on February 04, 2026, at the company's corporate office. The board approved several important appointments and scheduled an Extra-Ordinary General Meeting to seek shareholder approval for these changes.

Director Appointments

The board has appointed two new directors to strengthen its leadership structure. Mrs. Nimisha Rohit Agrawal (DIN-11442309) has been appointed as a Non-Executive Independent Additional Director, while Mr. Prasad Manjarkhede (DIN-11521864) joins as a Non-Executive Non-Independent Additional Director.

Mrs. Agrawal brings significant expertise as a qualified Chartered Accountant engaged in full-time practice. She holds an MBA and B.Com degree and is registered as a Registered Valuer for securities. Her extensive experience covers internal controls and matters under the Companies Act. Mr. Manjarkhede contributes an MBA in marketing with over 10 years of notable experience in marketing products and services.

Joint Statutory Auditor Appointment

The board has appointed M/s. Katariya and Munot, Chartered Accountants Pune (FRN-128438W), as Joint Statutory Auditor to fill a casual vacancy. The appointment will remain effective until the conclusion of the 42nd Annual General Meeting for Financial Year 2026-27, subject to member approval.

The firm comprises eminent partners and well-qualified professionals with expertise spanning taxation, accounting, outsourcing, transaction advisory, risk advisory services, financial advisory, project management, statutory audit, and operations.

Extra-Ordinary General Meeting Details

Shareholders will convene for an Extra-Ordinary General Meeting on Friday, February 27, 2026, at 1:00 PM through Video Conferencing and Other Audio-Visual Means. The company has arranged comprehensive voting facilities to ensure maximum shareholder participation.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (LODR) Regulations, 2015, as amended, and SEBI master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Electronic voting facilities through NSDL's platform will be available to all members holding shares in physical or demat mode as of the cut-off date. The board meeting commenced at 5:30 PM and concluded at 6:45 PM on February 04, 2026.

Confidence Petroleum India Limited has informed the stock exchanges about the resignation of its joint statutory auditor, L N J & Associates, Chartered Accountants, effective December 30, 2025. The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Details and Resignation

L N J & Associates, with firm registration number 135772W, submitted their resignation letter on December 30, 2025. The auditing firm cited preoccupation with other personal and professional commitments as the primary reason for their decision to discontinue as statutory auditors.

Audit Tenure and Performance

The auditing firm was appointed as statutory auditor for a five-year term at the company's 27th Annual General Meeting held on September 30, 2021. Their term was originally scheduled to expire at the conclusion of the 41st Annual General Meeting for FY 2026-27.

Compliance and Declarations

L N J & Associates confirmed in their resignation letter that they have no disputes or concerns relating to suppression of information by the company's management for audit procedures. The firm stated that all information provided in their resignation letter and attachments is correct and complete, with no other material reasons for resignation beyond those disclosed.

The auditing firm will forward the ADT-3 form to the Registrar of Companies as required under the Companies Act, 2013. Company Secretary Prity Bhabhra signed the regulatory filing on behalf of Confidence Petroleum India Limited, ensuring compliance with all applicable SEBI circulars and listing regulations.