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Latest news about Confidence Petroleum

Confidence Petroleum India Limited Files SEBI Compliance Certificate for Quarter Ended March 31, 2026 9 days ago

Confidence Petroleum India Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, through registrar Adroit Corporate Services Private Limited. The certificate confirms proper processing of dematerialisation requests, timely mutilation and cancellation of physical certificates, and substitution of depository names in member registers within regulatory timeframes. Company Secretary Prity Bhabhra filed the certificate with NSE and BSE on April 15, 2026, ensuring continued regulatory compliance.

Confidence Petroleum India Limited EGM on May 2, 2026 to Appoint Joint Auditor Apr 11, 2026

Confidence Petroleum India Limited Acquires Full Ownership of BW Confidence Enterprise for Rs. 1.13 Crore Apr 09, 2026

Confidence Petroleum India Limited Responds to NSE Query on Trading Volume Surge Apr 08, 2026

Bombay High Court Closes LPG Dealers' Petitions Against Confidence Petroleum's Export Activities Mar 17, 2026

More news about Confidence Petroleum

13Mar 26

Confidence Petroleum India Limited Clarifies Trading Volume Surge to BSE

Confidence Petroleum India Limited responded to BSE's inquiry about significant trading volume increases on March 13, 2026. The company confirmed compliance with SEBI disclosure regulations, stated no pending material information exists, and attributed the volume surge to market-driven factors rather than any undisclosed corporate developments.

28Feb 26

Confidence 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.

15Feb 26

Confidence Petroleum India Reports Strong Q3FY26 Financial Results

Confidence Petroleum India Limited announced strong Q3FY26 financial results with consolidated revenue of Rs 1,39,388 lakhs, representing 99.87% year-on-year growth. The company reported profit after tax of Rs 2,128 lakhs, with the LPG Division contributing Rs 1,32,456 lakhs to total revenue. The company also maintained compliance with fund utilization requirements, having utilized Rs 194.29 crores out of Rs 250.11 crores raised through preferential issue.

04Feb 26

Confidence Petroleum India Limited Announces Director Appointments and Schedules EGM for February 27, 2026

Confidence Petroleum India Limited's board meeting on February 04, 2026, resulted in the appointment of Mrs. Nimisha Rohit Agrawal as Non-Executive Independent Additional Director and Mr. Prasad Manjarkhede as Non-Executive Non-Independent Additional Director. The company also appointed M/s. Katariya and Munot as Joint Statutory Auditor. An Extra-Ordinary General Meeting is scheduled for February 27, 2026, via video conferencing, with e-voting available from February 24-26, 2026.

30Dec 25

Confidence Petroleum India Limited Announces Resignation of Joint Statutory Auditor L N J & Associates

Confidence Petroleum India Limited announced the resignation of joint statutory auditor L N J & Associates, effective December 30, 2025, due to other professional commitments. The firm was appointed in 2021 for a five-year term and confirmed no disputes with management during their tenure.

15Nov 25

Confidence Petroleum India Reports Mixed Q2 Results with Improved EBITDA Margin

Confidence Petroleum India Ltd reported mixed Q2 FY2025-26 results. Consolidated revenue decreased to ₹983.00 crore from ₹1,112.00 crore in the previous quarter. Net profit remained stable at ₹203.00 crore. EBITDA improved to ₹824.00 crore with an 8.39% margin. The LPG division saw 49.14% YoY growth to ₹94,390.00 crore, while the Cylinder division declined 65.35% to ₹3,911.00 crore. The company demonstrated effective cost management despite revenue challenges.

09Oct 25

Income Tax Authorities Conduct Search Operations at Confidence Petroleum

Income tax authorities have initiated search and seizure operations at Confidence Petroleum India Ltd., a major player in the LPG and CNG sector. The ongoing operation, which began on October 7, covers company offices, manufacturing plants, and residences of the promoter and directors. Confidence Petroleum has acknowledged the search in a regulatory filing, committing to provide updates on its impact and further developments. The company's Managing Director, Nitin Khara, signed the regulatory filing, indicating cooperation with authorities.

08Sept 25

Confidence Petroleum India Appoints New Directors, Schedules 31st AGM

Confidence Petroleum India Limited has appointed two new Additional Non-Executive Independent Directors, Mr. Sumit Bansal and Mrs. Richa Kalra, for a five-year term pending shareholder approval. The company's 31st AGM is scheduled for September 30, 2025, via video conferencing. The board also approved the appointment of Secretarial Auditors and Cost Auditors, and the Annual Report.

05Sept 25

Confidence Petroleum India Reports Mixed Q1 FY23 Results

Confidence Petroleum India Limited announced Q1 FY23 results ending June 30, 2022. Standalone revenue increased 60% to ₹33,111.00 lacs, while profit decreased to ₹1,281.00 lacs from ₹1,878.00 lacs year-on-year. Consolidated revenue grew 60% to ₹35,531.00 lacs, but profit fell to ₹1,445.00 lacs from ₹1,682.00 lacs. Standalone EPS was ₹0.45, and consolidated EPS was ₹0.50. The company operates in Cylinder and LPG divisions. Auditors provided unmodified limited review reports.

13Aug 25

Confidence Petroleum India Reports Q1 Revenue Growth Amid Profitability Challenges

Confidence Petroleum India Limited (CPIL) reported Q1 consolidated revenue of ₹1,11,199.00 lakh, up 43% year-over-year. However, profitability declined with EBITDA decreasing to ₹828.00 crore and net profit falling to ₹202.00 crore. The LPG Division remains the primary revenue driver. CPIL has discontinued plans for a large LPG import terminal at JNPA, opting to explore smaller, efficient facilities. A new wholly-owned subsidiary, Confidence Green Energy Private Limited, was incorporated. Auditors noted concerns regarding Input Tax Credit discrepancies and provident fund liability recognition.

17Jul 25

Confidence Petroleum Expands into Green Energy with New Subsidiary

Confidence Petroleum India Limited (CPIL) has incorporated a new wholly-owned subsidiary, Confidence Green Energy Private Limited (CGEPL), to expand its LPG and CNG operations. CGEPL, with an authorized share capital of ₹5,00,000 and paid-up capital of ₹1,00,000, will focus on providing LPG and CNG filling stations and related activities. This strategic move aims to strengthen CPIL's position in the green energy market and aligns with the growing demand for cleaner energy solutions in India.

16Jul 25

Confidence Petroleum Expands Green Energy Footprint with New Subsidiary

Confidence Petroleum India Limited (CPIL) has established a new wholly-owned subsidiary, Confidence Green Energy Private Limited (CGEPL), to expand its LPG and CNG operations. CGEPL, incorporated on July 16, 2023, with an authorized share capital of ₹5.00 lakh, will focus on LPG and CNG-related activities, including setting up and operating filling stations. CPIL holds 100% of CGEPL's share capital, with a subscribed and paid-up capital of ₹1.00 lakh. This strategic move aims to strengthen CPIL's position in the green energy market and enhance its capabilities in providing alternative fuel services.

27Jun 25

Confidence Petroleum India Ltd Secures ₹42.09 Crore LPG Bottling Contracts from Major PSUs

Confidence Petroleum India Limited has secured LPG bottling contracts worth ₹42.09 crore from major Public Sector Undertakings (PSUs) including BPCL, HPCL, and IOCL. The contracts involve bottling 3.00 lakh cylinders for BPCL, 1.20 lakh for HPCL, and 0.90 lakh for IOCL. The company has also been shortlisted for an IOCL tender at Sarangpur. Despite this positive development, the company's stock fell 7.02% to ₹51.50 on the NSE.

10Jun 25

Confidence Petroleum Expands CNG Network in Bangalore, Adds 5 New Stations

Confidence Petroleum India Ltd (CPIL) has commissioned five new CNG stations in Bangalore, increasing its total station count from 45 to 50. This expansion represents an 11.11% growth in the company's CNG network in the city. The move aligns with India's push for cleaner fuel alternatives and aims to cater to the growing demand for CNG in urban areas. The expansion is expected to improve accessibility and convenience for CNG vehicle owners in Bangalore.

02Jun 25

Confidence Petroleum India Expands Auto LPG Network with Eight New Stations

Confidence Petroleum India has commissioned eight additional auto LPG stations, significantly expanding its infrastructure for auto LPG dispensing. This strategic expansion enhances the company's network across the country, potentially increasing market reach, improving accessibility for customers, and possibly contributing to revenue growth. The move reflects ongoing interest in the auto LPG market and positions the company to meet future demand for cleaner fuel alternatives.

29May 25

Confidence Petroleum India Reports Mixed Q4 Results with Revenue Growth and Profit Decline

Confidence Petroleum India Ltd's latest quarterly results show a 32.60% increase in consolidated revenue to ₹9.24 billion. However, net profit declined by 25.73% to ₹228.00 million. EBITDA improved to ₹905.00 million, but the EBITDA margin decreased to 9.79% from 11.59% in the previous quarter.