Outcome of Board Meeting

Confidence Petroleum India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 20, 2016, has transacted the following;

1. Recommended, Subject to such other approvals as maybe required and in accordance with all applicable laws, rules and regulations, to create, issue and allot 3,00,00,000 (Three Crore) warrants.

2. Recommended, Subject to such other approvals as maybe required and in accordance with all applicable laws, rules and regulations, to create, issue and allot 20,00,000 (Twenty Lacs) Shares under Employee Stock Option Scheme.

3. The Statutory Auditors of the Company M/s. Bhandari & Associates, Chartered Accountants have intimated their unwillingness to be Statutory Auditors of the Company due to health issues. The Board of Directors have received consent and eligibility from the M/s. Akhil Rathi & Co. Chartered Accountants, Nagpur & M/s Ganesh Adukia & Associates, Chartered Accountants, Mumbai for appointment as Joint statutory auditors of the Company Subject to the approval of Shareholder.

Pdf Link: >Outcome of Board Meeting

Source : BSE - >www.bseindia.com

Published on August 20, 2016
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