Confidence Petroleum India Limited disclosed the release of a pledge on 2,785,000 equity shares by Confidence LPG Bottling Private Limited, a member of the promoter group.

This release pertains to 0.84% of the company's total share capital and signals a positive shift in insider ownership dynamics.

The release occurred on March 28, 2025, and highlights a reduction in encumbrance, which may enhance liquidity and investor confidence in the company's stock.