NSEStatement of deviation(s) or variation(s) under Reg. 322d ago · 11 Aug 2026, 08:41 pm
Statement of deviation(s) or variation(s) under Reg. 32
Confidence Petroleum India Limited · CONFIPET
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Confidence Petroleum India Limited has filed a statement of deviation or variation under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the utilization of funds raised through a preferential issue in February 2024. The company has not utilized the funds for the originally disclosed purposes, specifically for capital expenditure on Auto LPG, Pack LPG, and CNG segments, and instead used it for general corporate purposes.
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Full Announcement
Confidence Petroleum India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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CONFIPET_11082026204115_CPIL_STATEMENT_OF_DEVIATION.pdf
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Date: 11/08/2026
National Stock Exchange of India Limited The Bombay Stock Exchange,
Listing Department, Department of Corporate Services
Exchange Plaza, Bandra Kurla Complex, 25th Floor, P.J. Towers,
Bandra (E) Mumbai-400051 Dalal Street, Mumbai- 400001
Subject: Statement of deviation(s) or variation(s) under regulation 32 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 for the Quarter ended June 30,
2026.
Dear Sir,
With reference to the captioned subject, please find enclosed herewith the Statement of Deviation(s) or
Variation(s) for the quarter ended June 30, 2026, in respect of preferential issue made by the Company.
Further, as
Kindly take the same on record and facilitate.
Yours truly,
For Confidence Petroleum India Limited
Prity Bhabhra
Company Secretary
Statement of Deviation / Variation in utilization of funds raised
Name of listed entity Confidence Petroleum India Limited
Mode of Fund Raising Preferential Issue- Allotment of shares
Date of Raising Funds 15th February, 2024 (Date of Receipt of Fund/allotment Date)
Amount Raised 250,11,00,032
Report filed for Quarter ended June 30, 2026
Monitoring Agency Yes
Monitoring Agency Name, if Care Ratings Ltd
applicable
Is there a Deviation / Variation in No
use of funds raised
If yes, whether the same is Not Applicable
pursuant to change in terms of a
contract or objects, which was
approved by the shareholders
If Yes, Date of shareholder Not Applicable
Approval
Explanation for the Deviation / Not Applicable
Variation
Comments of the Audit No
Committee after review
Comments of the auditors, if any No
Objects for which funds have been raised and where there has been a deviation, in the following table:
Original Modified Original Modified Funds Amount of Remarks if
Object Object, if Allocation allocation, Utilized* Deviation/Variation any
Any (INR) (Rs. if any (Rs. In Crs) on for the quarter
In Crs) (Rs. In Crs) according to
applicable object
Capex of Not 75.00 0.00 75.00 0.00 The funds
Auto LPG Applicable have been
Segment utilized for
the Capex
requirement.
Capex of Not 75.00 0.00 75.00 0.00 The funds
Pack LPG Applicable have been
Cylinder utilized for
Segment, the Capex
requirement.
Capex of Not 75.00 0.00 75.00 0.00 The funds
CNG Applicable have been
segment
utilized for
the Capex
requirement.
For Not 25.11 0.00 25.11 0.00 The funds
general Applicable have been
corporate utilized for
purposes the Capex
requirement.
Total 250.11 0 250.11 0.00
Deviation or variation could mean:
a) Deviation in the objects or purposes for which the funds have been raised or
b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer etc.
For Confidence Petroleum India Limited
Prity Bhabhra
Company Secretary
Date : 11/08/2026
Place : Nagpur