Confidence Petroleum India has announced a board meeting to approve the financial results for the quarter and half-year.

The board has proposed a final dividend of 10% (Rs. 0.10 per share) subject to shareholder approval at the AGM, providing a modest cash return.

The company reported consolidated revenue of Rs. 3,145.76 Cr and PAT of Rs. 90.84 Cr for the year, with EPS at Rs. 2.62. The audit has a qualified opinion due to unresolved GST credit and provident fund issues, which don’t affect current profits but investors should keep an eye on.