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Dividend / buyback / bonusNotableFiled on BSE ·

Confidence Petroleum seeks approval for related party deals with five group entities

Confidence Petroleum India Ltd · Gas

What the filing says

  • Approval sought for up to Rs. 3000 Crore with Sneha Petroleum, a subsidiary firm, for FY 2026-27.
  • Up to Rs. 1000 Crore each with Halol Cylinders Private Limited and Gaspoint Petroleum India Limited, both Promoter Group companies, for FY 2026-27.
  • Up to Rs. 700 Crore each with Uma Gaspoint Bottling Private Limited and Taraa LPG Bottling Private Limited, both wholly owned subsidiaries, for FY 2026-27.

Why it's rated notable: The AGM notice reports shareholder proposals, including related party transactions of up to Rs. 3000 Crore with Sneha Petroleum and a Rs. 0.10/- per share dividend, none of which has been approved yet.

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Notice Of 32Nd Annual General Meeting

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.