CONFIDENCE PETROLEUM INDIA LTD. - Board Meeting Outcome for Outcome Of The Board Meeting Held On 29Th December,2022.(Issue Of Share Warrant).

Further to our intimation dated 06th September, 2022 and pursuant to the approval granted by the shareholder at the Annual General Meeting held on 30th September, 2022, and BSE & NSE In-principle approval received on 15th December, 2022. This is to inform you that the Board of Directors of the Company at its meeting held today, i.e. 29th December, 2022, has, inter alia, approved allotment of 20000000 warrants at a price of Rs. 63.50/- per warrant, convertible into 20000000 equity shares of Rs. 1/- each, on preferential basis, to the promoter/promoter group and others the list is attached in annexure A (i.e. persons/entities not forming part of the promoter and promoter group), in compliance with applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended.