News Stocks Confidence Petroleum India Limited EGM Approves Three Director Appointments with Overwhelming Shareholder SupportConfidence Petroleum India Limited EGM Approves Three Director Appointments with Overwhelming Shareholder Support
Confidence Petroleum India Limited held its EGM on February 27, 2026, where shareholders approved three director appointments with over 99% majority. Mrs. Nimisha Rohit Agrawal was appointed as Non-Executive Independent Director, Mr. Prasad Manjarkhede as Executive Director, and Mrs. Ketki Mahendra Save as Non-Executive Non-Independent Director. The meeting saw 46.25% voting participation with 153,656,066 votes polled out of 332,241,043 outstanding shares.
*this image is generated using AI for illustrative purposes only.
Confidence petroleum India Limited successfully concluded its Extra-Ordinary General Meeting (EGM) on February 27, 2026, with shareholders demonstrating strong support for the company's board restructuring initiatives. The meeting, conducted through video conferencing in compliance with regulatory requirements, saw the approval of three critical director appointments with overwhelming majority support.
Meeting Overview and Participation
The EGM was held on February 27, 2026, with a record date of February 20, 2026, encompassing 111,392 total shareholders. The meeting witnessed participation from 36 shareholders through video conferencing, comprising 7 from the promoter and promoter group category and 29 from the public category.
| Parameter: | Details |
|---|---|
| Meeting Date: | February 27, 2026 |
| Record Date: | February 20, 2026 |
| Total Shareholders: | 111,392 |
| VC Attendees: | 36 |
| Promoter Group Attendees: | 7 |
| Public Attendees: | 29 |
Voting Results and Resolutions
All three special resolutions presented to shareholders received exceptional support, with each resolution securing over 99% approval from the votes polled. The total votes polled across all categories reached 153,656,066, representing 46.25% of the company's outstanding shares of 332,241,043.
Resolution 1: Mrs. Nimisha Rohit Agrawal Appointment
Shareholders approved the appointment of Mrs. Nimisha Rohit Agrawal (DIN: 11442309) as Non-Executive Independent Director with 153,645,472 votes in favor (99.99%) against 10,594 votes (0.01%).
Resolution 2: Mr. Prasad Manjarkhede Appointment
The appointment of Mr. Prasad Manjarkhede (DIN: 11521864) as Executive Director received the strongest support with 153,656,021 votes in favor (99.99%) and only 45 votes against (0.01%).
Resolution 3: Mrs. Ketki Mahendra Save Appointment
Shareholders approved Mrs. Ketki Mahendra Save (DIN: 07171129) as Non-Executive Non-Independent Director with 153,645,870 votes in favor (99.99%) against 10,196 votes (0.01%).
| Resolution: | Votes in Favor | Votes Against | Approval % |
|---|---|---|---|
| Mrs. Nimisha Agrawal: | 153,645,472 | 10,594 | 99.99% |
| Mr. Prasad Manjarkhede: | 153,656,021 | 45 | 99.99% |
| Mrs. Ketki Save: | 153,645,870 | 10,196 | 99.99% |
Category-wise Voting Pattern
The promoter and promoter group demonstrated unanimous support across all resolutions, with 152,329,035 votes (82.04% of their holdings) cast entirely in favor. Public institutions showed strong alignment with 1,128,361 votes polled (65.72% of their holdings), while public non-institutions had lower participation with 198,670 votes (0.13% of their holdings).
Scrutinizer Confirmation
Siddharth Sipani of Siddharth Sipani & Associates, appointed as the scrutinizer, confirmed the validity of all voting results. The scrutinizer's report, dated February 28, 2026, verified that all three special resolutions were passed with requisite majority, with no invalid votes recorded across any resolution. The e-voting process was conducted through NSDL's platform from February 24-26, 2026, ensuring transparent and secure shareholder participation.
Historical Stock Returns for Confidence Petroleum
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.28% | -1.34% | -0.72% | -34.41% | -42.75% | -25.82% |
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