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Confidence Petroleum confirms Rs 250.11 crore preferential issue funds were properly utilized
11-Aug-2026, 10:11
Confidence Petroleum India Limited reported no deviation or variation in the utilization of funds raised through a preferential issue of Rs 250.11 crore on February 15, 2024, according to a filing with the National Stock Exchange of India Limited and the Bombay Stock Exchange on August 11, 2026. The company’s monitoring agency is Care Ratings Ltd, and the funds were utilized for capital expenditure in the Auto LPG, Pack LPG Cylinder, and CNG segments, as well as for general corporate purposes.
Confidence Petroleum India Limited reported no deviation or variation in the utilization of funds raised through a preferential issue of Rs 250.11 crore on February 15, 2024, according to a filing with the National Stock Exchange of India Limited and the Bombay Stock Exchange on August 11, 2026. The company’s monitoring agency is Care Ratings Ltd, and the funds were utilized for capital expenditure in the Auto LPG, Pack LPG Cylinder, and CNG segments, as well as for general corporate purposes.