Confidence Petroleum India Limited — Others, 13-08-2025: Monitoring Agency Report

Confidence Petroleum's Monitoring Agency reported on the Rs. 250.11 crore preferential issue funds. As of the quarter ended June 30, Rs. 159.56 crore has been utilized for projects including ALDS, CNG, and PCD. The unutilized Rs. 90.55 crore is currently held in Fixed Deposits. The company secured Board approval to extend the fund utilization deadline to February 2026, as the initial target was not met. The report also highlights that the share price, at Rs. 51.22, has fallen about 44% since the issue, trading significantly below the issue price of Rs. 88.60.