Confidence Petroleum announces board changes, new Dubai subsidiary

Confidence Petroleum India Limited announced key decisions from its board meeting held on Monday, December 8, 2025. The board approved the resignation of Simon Charles Hill as a non-executive non-independent director, effective December 8, 2025, citing personal commitments. Simultaneously, Ketki Mahendra Save, a qualified company secretary, was appointed as a non-executive non-independent additional director, effective December 8, 2025, subject to shareholder approval.

In a strategic move, the company also approved the incorporation of CONFIDENCE LPG TRADING FZCO, a wholly-owned subsidiary in Dubai, United Arab Emirates. This new entity will focus on LPG trading and ancillary business, with Confidence Petroleum making an initial 100% investment by way of initial subscription to the share capital for cash consideration. The incorporation process is underway.