Change in Registered Office of the company
As filed · Confidence Petroleum India Limited has informed the Exchange regarding change in Registered Office of the company.
EarningsNotablemateriality 73 out of 100
What happened
FactConfidence Petroleum India Limited has informed the Exchange regarding change in Registered Office of the company. CONFIDENCE PETROLEUM INDIA LTD. REG OFF: 701, Shivai Plaza Premises Chs Ltd, Plot No. 79, Marol Industrial Estate,.
Why it matters
CapitSignal interpretationReported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
RevisedEarlierQ2 FY20
Confidence remains on track to achieve 280 Auto LPG stations by the end of March, 2020.
NowQ2 FY20
This is part of its goal of setting up 500 Auto LPG stations by March, 2022.
Change
FactTarget revision
Implication
CapitSignal interpretationThe earlier statement aimed for 280 Auto LPG stations by March 2020, while the current statement has revised the target to 500 stations by March 2022.confidence 100%
Watch next
Fact- Margin trend against the prior period
- Cash from operations against reported profit
- Whether prior guidance is reaffirmed
- Company has target is to commission the CNG Cylinder manufacturing unit near Nagpur in this financial year. (management committed by FY27)
- Company is targeting for CNG Retail stations, initial 100 Stations will likely to commence in next 2 years in (management committed by H1 FY27)
Evidence
- Confidence Petroleum India Limited has informed the Exchange regarding change in Registered Office of the company.(opens the original filing in a new tab)
- Earlier statement · Q2 FY20
- Latest statement · Q2 FY20
How CapitSignal classified this
- Reasoning:
- RESULTS base 68; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%