Confidence Futuristic Energetech Limited announced that it will issue 1,05,10,000 equity shares at a price of INR 10 per share for gross proceeds of INR 105,100,000 on October 30, 2021. The transaction will include participation from returning investor Confidence Petroleum India Limited and Singularity Holdings Limited, Aalidhra Textool Engineers Private Limited, Brijkishor Trading Private Limited and individual investors Confidence Petroleum India Limited, Singularity Holdings Limited, Seepra Kabra, Tarun Jain, Neelima Karnawat, Sanjay Kothari HUF, Santosh Kumar Poddar, Tushar Pradeep Bohra, Sumit Bhalotia, Bhavya Siddharth Sha, Sunny Bharat Gosar, Lalit Kumar Khaitan, Abhishek Khaitan, Padmanabh Mandelia, Sunil Gupta, Shailesh Khaitan, Manish Nuwal, Rohit Gupta HUF, Ajeet Kumar Maheshwari, Vikas Arora, Vrushabh Hastimal Gandhi, Bharat Shah, Vimal Chand Golecha, Ashwin Sanjay Kaswa, Bindu Garg, Shakuntala Devi Maheshwari, Ujjwal Bhorkar, Soni Shailesh, Mona Bajaj, Dinesh Bang, Rajan Kantilal Shah, Dimensional Properties Private Limited, Surendra N Sanghavi, Laxmidevi Vinod Kumar Tibdiwal, Mahesh Agrawal, Narendra S Bhutda, Shrenik Sanjay Kaswa, Sachin Shailesh Ghelani, Rajesh Laxminarayan Daga, Kamlesh Laxminarayan Daga, Abhishek Golechha, Himesh Demble, Shekhar Tapadia, Gautam Jajoo, Sunil Gupta, Shilpa Manoj Doshi, Swati Kohli, Vandana Parwal, Tulika Khare, Sanjeev Gandhi, Rakesh Ghevarchand Surana, Lavesh Sanjay Agrawal, Laksh Sanjay Agrawal, Shilpa Khara, Anurag Lohiya, Pallavi Goyal, Ashok Labhchandji Bhutada, Mangla Ashok Bhutada, Bhutada Ashok Labhchandji, Vimal Kishore Parwal, Madhu Parwal, Neha Satish Chandak, Satish Chandak, Hiral Yatin Khara, Yatin Bhupendra Khara, Shweta Pranshu Karan, Akhil Vijaykumar Rathi, Murugan Nataraj, Hardik Shailesh Khara, Prity Bhabhra, Raunak Mantri, Ratul Chakravorty, Dhananjay R Chande, Prasenjit Chatterjee, Jagdish Bhaurao Thaware, Shivkumar Subramaniam, Shikha Daga, Ritesh Prafulbhai Desai, Piyush Prakash Daga, Neha Jain, Gaurav Harish Kamdar, Sanjay Naphade, Sathish Chandra B V, Milan Khara, Magesh, Bhavana Sunil Jhamtani and Jai Kumar Singhal. The transaction was approved by the board of directors of the company.

The transaction has been approved by the board of directors of the company and subject to approval from shareholders of the company and such other regulatory/statutory approval.