Confidence Futuristic Energetech AGM Notice

Final dividend of Rs 0.25 per share recommended for FY 2025-26.
Four material related party transactions proposed with an aggregate cap of Rs 50 crore each.

Reader Takeaway: Shareholders to vote on dividend, new auditors, and Rs 200 crore total in related party transactions.

What just happened

Confidence Futuristic Energetech Limited (CFEL) has issued its notice for the 41st Annual General Meeting, which will be held via video conferencing on September 30, 2026. The meeting will focus on routine annual business alongside specific approvals for internal corporate governance and group financial dealings.

Corporate Actions and Governance

• Dividend: The Board has recommended a final dividend of Rs 0.25 per share (5% of face value) for the financial year 2025-26. The record date for eligibility is set for September 23, 2026.
• Auditor Appointment: Shareholders will vote on the appointment of M/s. V. K. Surana & Co. as statutory auditors for a five-year term, with an initial annual remuneration of Rs 3 lakh.
• Board Changes: The company is proposing the appointment of Mrs. Nimisha Rohit Agrawal as a Non-Executive Independent Director and the re-appointment of Mr. Sumant Sutaria as an Independent Director for five-year terms.

Material Related Party Transactions

The company is seeking shareholder authorization for four material related party transactions for FY 2026-27. These involve Sarju Impex Limited, Confidence Enterprises Private Limited, Confidence Petroleum India Limited, and Gaspoint Petroleum (India) Limited. Each transaction is limited to a ceiling of Rs 50 crore, with the company maintaining that these dealings are conducted at arm's length and in the ordinary course of business.

What to track next

Investors should monitor the outcome of the shareholder voting on these related party transactions, as they represent significant inter-company financial activity for the upcoming fiscal year. The book closure period is set from September 24 to September 30, 2026.