Confidence Futuristic Energetech Ltd Directors Report

To,

The Members,

Confidence Futuristic Energetech Limited

The Board of Directors is pleased to present the 41st Annual Report on the performance and operations of Confidence Futuristic Energetech Limited (CFEL) for the financial year ended 31st March 2026, together with the Audited Standalone and Consolidated Financial Statements for the year under review.

1. FINANCIAL PERFORMANCE OF THE COMPANY (STANDALONE AND CONSOLIDATED)

The performance of the Company for the financial year ended 2025-26 is summarized below:

(Rs. In Lakhs)

Particulars	STANDALONE		CONSOLIDATED
	2025-26	2024-25	2025-26	2024-25
Net Revenue from operations	940.55	655.30	15812.22	24,937.94
Add: Other Income	470.73	514.90	601.55	630.33
Less: Expenditure	653.71	668.27	14322.64	22,653.17
Operating Profit (PBIDT)	757.57	501.93	2091.13	2,915.10
Less: Interest & Financial Charges	131.82	94.31	693.71	1,050.00
Less: Depreciation	9.23	11.44	924.09	932.75
Profit Before Tax & Exceptional Item	616.52	396.18	473.34	932.36
Add : Proft of Sale of Associate	-	-	-	231.63
Less: Exceptional Item	-	-	-	-
Less: Extraordinary Item	-	-	-	-
Profit Before Tax	616.52	396.18	473.34	1163.99
Less: Provision for Taxation:
1) Current Tax	155.18	110.58	181.33	235.39
2) Deferred Tax	(0.96)	(2.04)	69.37	(26.14)
Tax adjustment for earlier year	36.97	6.00	(477.67)	(54.79)
Profit after Tax	425.32	281.65	700.31	1009.53
Earnings Per Share (EPS) (Both Basic and Diluted)	1.70	1.13	2.49	4.14

2. PERFORMANCE HIGHLIGHTS (STANDALONE & CONSOLIDATED)

Standalone Performance

On a standalone basis, the Operating Revenue of the Company stood at 940.55 Lakhs in FY 2025-26, as compared to 655.30 Lakhs in FY 2024-25. The Profit After Tax (PAT) for FY 2025-26 stood at 425.32 Lakhs, as against 281.65 Lakhs in the previous financial year.

The Company s Operating Revenue increased by 43.52%, while the PAT registered an increase of 51.01% during FY 2025-26.

Consolidated Performance

On a consolidated basis, the Operating Revenue of the Company stood at 15,812.22 Lakhs in FY 2025-26, as compared to 24,937.94 Lakhs in FY 2024-25. The Profit After Tax (PAT) for FY 2025-26 stood at 700.31 Lakhs, as against 1009.53 Lakhs in the previous financial year.

The Company s Consolidated Operating Revenue decreased by 36.59%, while the Consolidated PAT decreased by 30.63% during FY 2025-26.

3. STATE OF COMPANY S AFFAIRS

Confidence Futuristic Energetech Limited (CFEL) is a pioneering India-based company at the forefront of high-pressure industrial gas cylinder manufacturing. Listed on BSE, CFEL is renowned for its innovative approach and unwavering commitment to quality.

Adhering to global standards, CFEL produces a wide range of high-pressure seamless steel gas cylinders, including high- quality CNG cylinders and cylinders for industrial gases such as argon, helium, nitrogen, hydrogen, etc. Additionally, CFEL manufactures CNG cascades for mobile and stationary purpose.

Our state-of-the-art manufacturing processes ensure top-tier product quality. With a focus on customer satisfaction, innovation, and operational excellence, CFEL is setting new benchmarks in the global market.

4. RESERVES

The Board of Directors has decided to retain the amount of profit for the Financial Year 2025-26 in the statement of profit and loss of the company after all appropriation and adjustments.

5. DIVIDEND

The Board of Directors has recommended a Final Dividend of 0.25/- per Equity Share, representing 5% of the face value of 5/- per Equity Share, fully paid-up, for the financial year ended 31st March 2026. The declaration and payment of the Final Dividend is subject to the approval of the Members at the ensuing Annual General Meeting and shall be subject to deduction of tax at source, as applicable.

The Company has adopted a Dividend Distribution Policy in accordance with Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Policy sets out the guiding principles and parameters for determining the quantum of dividend to be distributed to the Equity Shareholders, while maintaining an appropriate balance between dividend distribution and retention of earnings to meet the Company s future growth and funding requirements.

In accordance with the Policy, the recommendation of dividend takes into consideration various factors, including the Company s financial performance, availability of financial resources, future investment and funding requirements, and the objective of enhancing shareholder value. The Board also considers relevant internal and external factors while determining the dividend payout for the financial year.

6. SHARE CAPITAL

During the financial year under review, there was no change in the authorised or paid-up share capital of the Company.

As on 31st March 2026, the paid-up share capital of the Company stood at 12,51,00,000/- , comprising 2,50,20,000 Equity Shares of 5/- each. The paid-up share capital remained unchanged throughout the financial year under review.

7. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes or commitments affecting the financial position of the Company between the end of the financial year ended 31st March 2026 and the date of this Report. Further, there has been no change in the nature of the business of the Company during the said period.

8. COMPANY S BORROWING

During the year under review, pursuant to the provisions of Sections 180(1)(a), 180(1)(c) and other applicable provisions of the Companies Act, 2013, the Company had obtained the approval of its Members at the Annual General Meeting held on 30th September 2021 for borrowing monies in excess of the aggregate of its paid-up share capital, free reserves and securities premium account.

Accordingly, the Board of Directors is authorised to borrow such amounts as may be required for the purposes of the Company, provided that the aggregate outstanding borrowings of the Company at any point of time, excluding temporary loans obtained from the Company s bankers or others in the ordinary course of business, shall not exceed 200 Crores .

9. RISK MANAGEMENT

Risk Management continued to remain an integral part of the Company s governance framework during FY 2025 26, enabling monitoring of key business risks, proactive identification, assessment and mitigation.

To align Company s Risk Management best practices with leading national and international Oil & Gas companies and with ISO 31000:2018 (Risk Management - Guidelines), a comprehensive reassessment of the Company s Risk Management Policy, Risk Register and procedure was undertaken.

As part of the review exercise, the Company s risk universe was rationalized and streamlined, resulting in a reduction in the number of identified risks. As of March 2026, Enterprise-level risks were determined and monitored under the Company s Risk Management Framework. These risks were categorized into three broad segments to facilitate focused risk oversight and effective mitigation planning. The portfolio comprised Strategic Risks, which are associated with the achievement of long-term organizational objectives, business sustainability, growth opportunities and external market dynamics. Core Function Risks were identified across key operational and business processes that directly impact the Company s value chain, operational efficiency, production, and service delivery. The Support Function Risks pertain to enabling functions such as finance, human resources, information technology, legal, procurement, administration and other support services that are essential for sustaining business operations.

10. INTERNAL CONTROL SYSTEMS

During the year under review, no material or serious observations were observed for inefficiency or inadequacy of such controls.

The Company s internal control systems are commensurate with the nature of its business, the size and complexity of its operations and such internal financial controls with reference to the financial statements are adequate. The details in respect of internal financial controls and its adequacy are included in the Management Discussion and Analysis, which forms part of this Report.

11. VIGIL MECHANISM

Your Company promotes ethical behaviour in all its business activities and has put in place mechanism for reporting illegal or unethical behaviour. The Company has a Vigil Mechanism and a whistle-blower policy in accordance with provisions of the Act and Listing Regulations. The policy on Vigil Mechanism/WhistleBlower can be accessed on the Company s website.

Your Company is committed to the highest standards of ethical, moral and legal business conduct. Accordingly, the Board of Directors has formulated the Vigil Mechanism/Whistle Blower Policy, which provides a robust framework for dealing with genuine concerns and grievances.

The Company has a Vigil Mechanism/Whistle Blower Policy ( Policy ) under Section 177(9) and Section 177(10) of the Act read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 and under Regulation 22 of the Listing Regulations, that provides a formal channel for all its Directors and employees to approach the Chairman of the Audit Committee or Ethics and Vigilance Officer and make protected disclosures about any unethical behavior, actual or suspected fraud.

The objective of this mechanism is to maintain a redressal system which can process all complaints concerning questionable accounting practices, internal controls, or fraudulent reporting of financial information and to address serious concerns arising from irregularities, malpractices and other misdemeanours committed by the Company s personnel or violation of the Company s Code of Conduct. The Policy is also hosted on the Company s website.

12. HUMAN RESOURCES

Your Company continues to focus on building and nurturing a strong, capable and diverse workforce comprising talented professionals. The Company remains committed to attracting and retaining the right talent to support its expanding product portfolio and presence across diverse geographies. Various initiatives are undertaken to strengthen employee capabilities, enhance engagement and foster long-term retention.

The Company believes that its people are its most valuable asset and, accordingly, places strong emphasis on employee development, engagement and well-being. It strives to maintain an open, transparent and merit-based work culture that encourages innovation, collaboration and professional growth.

The Human Resources function is structured in line with the size, nature and operational requirements of the Company and continues to support the organisation in achieving its strategic and business objectives.

13. COMPLIANCE

The Company has complied with, and continues to comply with, all applicable laws, rules, regulations, circulars, notifications and guidelines issued by the Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI), Stock Exchanges and other statutory and regulatory authorities, as applicable from time to time.

The Company has also complied with the applicable provisions of the Companies Act, 2013 , the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , and other applicable rules, regulations and guidelines governing the Company s operations and its listing obligations.

14. DEPOSITS

Your Company has neither accepted nor renewed any deposits within the meaning of Section 73 of the Companies Act, 2013 ( the Act ), read with the Companies (Acceptance of Deposits) Rules, 2014, for the year ended March 31, 2026.

15. APPOINTMENT/RE-APPOINTMENT

During the financial year under review, there was no change in the composition of the Board of Directors of the Company. However, After the end of the financial year but before the date of this Report, Based on the recommendation of the Nomination and Remuneration Committee and considering her knowledge, skills and expertise, the Board of Directors appointed Mrs. Nimisha Rohit Agrawal (DIN: 11442309) as a Non-Executive Independent Additional Director of the Company under Section 149 read with Section 152 of the Companies Act, 2013, subject to approval of the Members at the ensuing Annual General Meeting.

She has given her consent to the proposed appointment and has been declared qualified. She possesses the necessary knowledge, experience, and skills required for the position of Independent Director in accordance with the criteria set forth under the Act and the applicable rules and regulations.

Further, The company has recorded the resignation of Mr. Sanjay Nafade (DIN- 03134050) as Non-Executive Non Independent Director w.e.f. 7 th September, 2026.

Further, members of the Company at the 36 th Annual General Meeting has appointed, SUMANT JAYANTILAL SUTARIA (DIN: 00298428) ( Non- Executive Independent Director ) as an independent director for a term of five years. In terms of the provisions of Section 149 of the Act, the Non-Executive Independent director of the Company is eligible for re-appointment for his second term. Pursuant to Sections 149, 152, 160 and all other applicable provisions, if any, of the Companies Act, 2013 ( Act ), the Companies (Appointment and Qualification of Directors) Rules, 2014 read with Schedule IV to the Act and SEBI (Listing Obligations and Disclosure Requirements), Regulations ( Listing Regulations ), approval of the members by way of special resolution is required for the reappointment of the Non-Executive Independent Director for a second term of five consecutive years till 29th September, 2031.

16. RE-APPOINTMENT OF DIRECTOR RETIRING BY ROTATION

Mr. Sarvesh Elesh Khara (DIN: 06938709), Director, retires by rotation at the ensuing Annual General Meeting and, being eligible, offers himself for re-appointment.

17. BOARD EVALUATION

In accordance with the provisions of the Act and Regulation 17 of the Listing Regulations, the Board has conducted an annual performance evaluation of its own functioning, its statutory committees including the Audit Committee, Stakeholder Relationship Committee, Nomination and Remuneration Committee, and Risk Management Committee as well as the individual Directors. The methodology adopted for this evaluation is detailed in the Corporate Governance Report.

The Board evaluation process was completed during financial year 2025-26. The evaluation parameters and the process have been explained in the corporate governance report.

The Board conducted the performance evaluation of the Individual Directors, Board Committees, Board as a whole and the Chairman of the Board in accordance with the provisions of the Act and the SEBI Listing Regulations. The NRC of the Board approves the criteria and the mechanism for carrying out the said performance evaluation process. Accordingly, the NRC approved the assessment questionnaire designed for the annual performance evaluation which broadly covered the following criteria:

i. Board - Competencies, composition and structure, board dynamics, process and procedure, functioning, oversight of committee composition and functioning and ethics and compliance

ii. Committees - Composition and quality, process and procedure, terms of reference and effectiveness in terms of respective roles assigned to the Committees

The Chairman s key focus areas include understanding of the role, commitment, teamwork qualities, effective utilization of domain expertise, and clear communication. Additional important parameters encompass efficient leadership, sound decision-making, professionalism, impartiality, dedication of adequate time, and the ability to facilitate productive discussions.

iii. Individual Directors - Understanding of role, commitment, effective contribution, independent view to decision making, utilization of domain expertise, etc. The aforesaid questionnaire was circulated to all the Directors of the Company for the annual performance evaluation.

The Board assessed the effectiveness of its own functioning, as well as that of its Committees and individual Directors, through the annual Board Evaluation Process. To ensure an impartial evaluation, the Company engaged an independent external professional services firm to provide a report on the Board Evaluation, based on the feedback received from the Directors.

The Directors observed that the results of the performance evaluation of the Board, its Committees, the Chairman, and individual Directors reflected a high level of satisfaction among the Directors. One suggestion raised was to place greater emphasis on customer centricity. The Company has accepted this suggestion, which emerged from the Board evaluation. The progress on implementing this suggestion will be reviewed and reported to the Board. Additionally, the Company has taken the necessary steps to address the recommendations arising from the Board performance evaluation for FY 2025-26.

PARTICULAR OF EMPLOYEES AND RELATED DISCLOSURES

The information required under Section 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given below:

The ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year:

Directors	Ratio to median remuneration#
MANSI DEOGIRKAR	NA
SUMANT JAYANTILAL SUTARIA	NA
NITIN PUNAMCHAND KHARA	NA
SANJAY RAMRAO NAPHADE	NA
SARVESH ELESH KHARA	NA
VAIBHAV PRADEEP DEDHIA	NA

# No Remuneration was paid to Directors during the year under review except sitting fees.

*The expression median means the numerical value separating the higher half of a population from the lower half and the median of a finite list of numbers may be found by arranging all the observations from lowest value to highest value and picking the middle one.

i) The percentage increase in remuneration of each Director, Chief Executive Officer, Chief Financial Officer, Company Secretary or Manager, if any, in the Financial Year: Nil

ii) The percentage increase in the median remuneration of employees in the Financial Year: Nil

iii) The number of Permanent employees on the rolls of the Company: Nil

iv) Average percentiles increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: There was no remuneration paid to employees. Hence, the comparison between the two cannot be made.

v) The key parameters for any variable component of remuneration availed by the Directors: Nil

vi) Affirmation that the remuneration is as per the remuneration policy of the Company: It is hereby affirmed that the remuneration paid during the year is as per the Remuneration Policy of the Company.

18. DISCLOSURE UNDER RULE 5(2) & (3) OF THE COMPANIES (APPOINTMENT AND REMUNERATION )F MANAGERIAL PERSONNEL) RULES, 2014

A. Details of top ten employees in terms of remuneration drawn: NIL

B. Details of other employees under aforesaid Rules: Nil

19. DIRECTOR S APPOINTMENT AND REMUNERATION POLICY FOR THE DIRECTORS, KEY MANAGERIAL PERSONNEL AND OTHER EMPLOYEES

The Company s policy on the appointment and remuneration of Directors, which includes criteria for determining qualifications, positive attributes, independence of a Director, and other matters outlined under sub-section (3) of Section 178 of the Companies Act, 2013, has been adopted by the Board. The Company has adopted a comprehensive policy on the Nomination and Remuneration of Directors on the Board. According to this policy, candidates proposed for appointment as Directors are first reviewed by the Nomination and Remuneration Committee in a duly convened meeting. The Committee is responsible for formulating criteria to determine the qualifications, positive attributes, and independence of a Director, and for recommending a remuneration policy for the Directors, Key Managerial Personnel, and other employees to the Board. The Nomination and Remuneration Committee shall ensure that

a) The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the Company successfully.

b) Relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and

c) Remuneration to Directors and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.

During the year under review, none of the Directors received any remuneration from the Company, except sitting fees, wherever applicable.

The information required under Section 197 of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, concerning the Directors and employees of the Company, is provided in the Annexure- to this report and is also available on the Company s website.

20. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTOR OF THE COMPANY

All Independent Directors of the Company have been appointed in accordance with the applicable provisions of the Companies Act, 2013 and the relevant rules and regulations thereunder.

The Company has received declarations from each of its Independent Directors confirming that they satisfy the criteria of independence prescribed under Section 149(6) of the Companies Act, 2013, read with the applicable rules and regulations.

21. SEPARATE MEETING OF INDEPENDENT DIRECTORS

In accordance with the provisions of the Companies Act, 2013 and the rules made thereunder, a separate meeting of the Independent Directors of the Company was held during the financial year under review.

The views and feedback of the Independent Directors were duly considered as part of the evaluation process.

The outcome of the evaluation was subsequently discussed at the ensuing meeting of the Board, where the performance of the Board, its Committees and individual Directors was reviewed and deliberated upon.

22. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS UNDER SECTION 186

The details of loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 are disclosed in the relevant notes forming part of the Financial Statements

23. PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTIES U/S 188

In line with the requirements of the Act and the SEBI Listing Regulations, the Company has formulated a Policy on Related Party Transactions, which is available on the Company s website.

The Policy aims to ensure that appropriate reporting, approval, and disclosure processes are in place for all transactions between the Company and its Related Parties. All Related Party Transactions (RPTs) and subsequent material modifications are placed before the Audit Committee for its review and approval and subsequently noted by the Board. Prior omnibus approval of the Audit Committee is obtained for all RPTs.

During the financial year 2025-26, all contracts, arrangements and transactions entered into by the Company with related parties were in the ordinary course of business and on an arm s length basis and were in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

The particulars of contracts or arrangements with related parties referred to in Section 188(1) of the Act, in the prescribed Form AOC-2, are annexed to this Report, wherever applicable.

24 MEETINGS

The agenda and notice for each meeting of the Board of Directors are prepared and circulated to all Directors well in advance, in accordance with the applicable provisions of the Companies Act, 2013. During the financial year under review, the Board of Directors convened 7 (Seven) meetings , with the requisite quorum being present throughout. The intervening period between any two consecutive Board Meetings did not exceed 120 days , thereby ensuring compliance with the applicable provisions of the Companies Act, 2013.

25. COMPOSITION/COMMITTEES OF THE BOARD

The Board of Directors has constituted various Committees to assist in the effective discharge of its responsibilities and to facilitate focused deliberations and informed decision-making on matters falling within their respective areas of expertise. Each Committee functions in accordance with its defined terms of reference, delegated authority and applicable statutory and regulatory requirements.

The following Statutory and other Committees constituted by the Board were in operation during the year under review:

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Risk Management Committee

Management Committee

Details relating to the composition, terms of reference, responsibilities and meetings of the respective Committees are provided in the Report on Corporate Governance , which forms part of this Annual Report.

During the year under review, all recommendations made by the Audit Committee were duly considered and accepted by the Board of Directors .

26. AUDIT AND AUDIT REPORTS

A. APPOINTMENT OF STATUTORY AUDITORS

The Board of Directors has recommended the appointment of M/s. V. K. Surana & Co., Chartered Accountants (FRN: 110634W), as Statutory Auditors of the Company, subject to the approval of the Members at the ensuing Annual General Meeting.

B. STATUTORY AUDITOR S REPORT

The Statutory Auditors of the Company have issued an unmodified audit report for the financial year 2025-26, which is annexed to this report. Therefore, no further comments are required.

C. SECRETARIAL AUDIT

In accordance with Section 204 of the Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors has appointed Mr. Siddharth Sipani, Practicing Company Secretary, Nagpur, to conduct the Secretarial Audit for the Company for the financial year 2025-26, including the Secretarial Audit of its material subsidiaries, Sarju Impex Ltd. and Confidence Enterprises Private Limited. The Secretarial Audit Reports are annexed to this report.

Secretarial Auditor s Report

Pursuant to the provisions of the Companies Act, 2013 and the applicable rules and regulations made thereunder, the Secretarial Audit Report for the financial year 2025-26, issued by the Secretarial Auditor of the Company, is enclosed as an Annexure to this Report .

The Secretarial Audit Report confirms the Company s compliance with the applicable provisions of the Companies Act, 2013, Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI), the Depositories Act, 1996, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the SEBI (Prohibition of Insider Trading) Regulations, 2015 , as amended from time to time, and other applicable laws, rules, regulations and guidelines issued by the Securities and Exchange Board of India (SEBI).

The Secretarial Audit Report is self-explanatory and does not call for any further comments or explanations from the Board of Directors .

D. INTERNAL AUDITORS

In accordance with Section 138 of the Companies Act, 2013, the Company has an internal audit function commensurate with the size, nature and complexity of its business operations. The Internal Audit function independently evaluates the Companys internal controls, processes and risk management framework and reports its significant findings to the Audit Committee.

27. REPORTING OF FRAUDS BY AUDITORS

The Statutory Auditors, in their Report for the financial year under review, have not reported any instance of fraud committed by the officers or employees of the Company pursuant to the applicable provisions of the Companies Act, 2013.

28. ANNUAL RETURN

Pursuant to Section 92(3) of the Companies Act, 2013, the Annual Return of the Company as on 31st March 2026 shall be placed on the website of the Company at www.cfel.co.in: www.cfel.co.in

29. COMPLIANCE WITH SECRETARIAL STANDARDS

During the financial year under review, the Company has duly complied with the applicable provisions of Secretarial Standard-1 (SS-1) on Meetings of the Board of Directors and Secretarial Standard-2 (SS-2) on General Meetings , as issued by the Institute of Company Secretaries of India (ICSI) and approved by the Central Government, to the extent applicable.

30. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the nature of the Company s current activities and operations, the provisions of Section 134(3)(m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, relating to conservation of energy and technology absorption are not applicable to the Company.

Nevertheless, the Company remains committed to adopting appropriate measures towards energy conservation, environmental sustainability and workplace safety and continues to undertake initiatives in these areas, wherever practicable.

During the financial year under review, the Company had no foreign exchange earnings or expenditure.

31. DIRECTOR S RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013 the Directors of your Company confirm that:

a) In the preparation of the Annual Accounts for the financial year ended 31 st March 2026, the applicable accounting standards had been followed along with proper explanation relating to material departures.

b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period.

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act or safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d) The Directors have prepared the Annual Accounts for the financial year ended 31st March 2026, on a going concern basis .

e) The Board of Directors has laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

f) The Board of Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory and secretarial auditors and external consultants, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by management and the relevant board committees, including the audit committee, the Board is of the opinion that the Company s internal financial controls were adequate and effective during FY 2025-26.

32. SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES

Pursuant to the provisions of Section 2(87) of the Companies Act, 2013 ( the Act ), the Company is a subsidiary of Confidence Petroleum India Limited .

As on 31st March 2026, the Company had the following subsidiaries within the meaning of Section 2(87) of the Act:

Subsidiary	Nature	Holding	FY 2025-26 Performance
Sarju Impex Ltd.	Subsidiary	75%	As per AOC-1
Confidence Enterprises Pvt. Ltd.	WOS	100%	As per AOC-1
Confidence Green Fuel Pvt. Ltd.	WOS	100%	As per AOC-1
Confidence Futuristic Fuels Pvt. Ltd.	WOS	100%	As per AOC-1
Silversky Exim Pvt. Ltd.	Subsidiary	51%	As per AOC-1

During the financial year under review, no company became or ceased to be a subsidiary, joint venture or associate company of the Company.

In accordance with the provisions of Section 129(3) of the Companies Act, 2013 , read with Rule 5 of the Companies (Accounts) Rules, 2014 , a statement containing the salient features of the financial statements of the Company s subsidiaries and associates, in Form AOC-1 , forms part of this Annual Report.

33. CORPORATE GOVERNANCE

The Company is committed to evolving and adhering to corporate governance guidelines and best practices, not only to enhance long-term shareholder value but also to safeguard the rights of minority shareholders. CFEL recognizes its inherent responsibility to provide timely and accurate information regarding its operations, performance, leadership, and governance.

In accordance with Regulation 34 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, a separate Corporate Governance Report, along with a certificate from the auditors confirming compliance, is annexed and forms an integral part of the Annual Report and Board Report.

34. CORPORATE SOCIAL RESPONSIBILITY

Based on the applicability criteria prescribed under Section 135(1) of the Companies Act, 2013, the provisions relating to Corporate Social Responsibility were not applicable to the Company during the financial year.

35. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT 2013 READ WITH RULES

In compliance with Section 22 of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013, and the rules framed thereunder, the Company upholds a zero-tolerance policy towards sexual harassment in the workplace. The Company has implemented a policy for the prevention, prohibition, and redressal of sexual harassment at the workplace, in accordance with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, as amended from time to time, and the applicable rules.

During the year under review, your Company has not received any complaint pertaining to sexual harassment.

36. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

During the financial year under review, no significant or material orders were passed by any regulatory authority, court or tribunal that could adversely affect the going concern status of the Company or have a material impact on its future operations.

37. DISCLOSURE OF FRAUDS IN THE BOARD S REPORT U/S 143 OF THE COMPANIES ACT, 2013

During the financial year under review, the Directors have not observed or identified any transaction or matter that involved or could have resulted in fraud. Accordingly, the Directors confirm that no instances of fraud or fraudulent activities were reported or identified in the Company during FY 2025-26 .

38. CODE FOR PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct (Code) to regulate, monitor, and report trading in the Companys shares by designated persons and their immediate relatives, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The Code outlines the procedures that must be followed by designated persons while trading or dealing in the Company s shares, as well as the handling and sharing of Unpublished Price Sensitive Information (UPSI). Additionally, the Code includes provisions for maintaining a digital database, preventing insider trading, and familiarizing designated persons with the sensitivity of UPSI.

39. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

In accordance with Regulation 34(2)(e) read with Part B of Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), the Management Discussion and Analysis Report ( MDA ) for the financial year 2025-26 is presented in a separate section and forms an integral part of this Annual Report. The MDA provides comprehensive information on the industry structure and developments, economic and business environment, operational and financial performance of the Company, business strategy and outlook, adequacy of internal controls and systems, risks and concerns, and other significant developments during the financial year, as required under the applicable provisions of the SEBI Listing Regulations. The MDA contains certain forward-looking statements based on assumptions, expectations and projections concerning future events and developments. Such statements are subject to various risks, uncertainties and other factors, and actual results may differ materially from those expressed or implied therein. The Company does not undertake any obligation to publicly update or revise such forward-looking statements based on subsequent events or developments.

The data, facts, figures and information contained in the MDA, other than those relating to the Company s own performance, have been compiled from reports, studies, publications and websites of various credible and reliable sources. While reasonable care has been taken to ensure the accuracy and reliability of such information, the Company does not independently verify or guarantee its completeness or accuracy.

40. APPRECIATIONS AND ACKNOWLEDGEMENTS

The Board of Directors places on record its sincere appreciation for the dedication, commitment and valuable contributions of all employees of the Company. Their continued efforts, enthusiasm and professionalism have played a significant role in strengthening the Company s position in the industry. The Board particularly acknowledges the contribution of the team towards innovation, technological advancement, product development and marketing initiatives across various business segments. These collective efforts have enabled the Company to enhance customer satisfaction through continuous improvement in existing products and the introduction of new and innovative offerings. The Board also expresses its sincere gratitude for the continued support and cooperation extended by the Company s suppliers, distributors, retailers, business associates and other stakeholders. The Company recognises these relationships as an integral part of its sustained growth and remains committed to nurturing and strengthening them on the principles of mutual trust, respect, cooperation and shared value, while keeping the interests of consumers at the forefront. The Board further places on record its appreciation for the continued confidence and support extended by the shareholders, customers, business partners, government authorities, regulatory bodies and stock exchanges . The Directors look forward to their continued support and cooperation in the Company s future endeavours and growth.

41. GENERAL

Confidence Futuristic Energetech Limited (Formerly known as GLOBE INDUSTRIAL RESOURCES LIMITED) was incorporated on 26 th June 1985 and the name of the company was changed on 26th October 2017. Equity Shares of the Company are listed on BSE Limited having script code 539991.

	By the Order of Board
	CONFIDENCE FUTURISTIC ENERGETECH LIMITED
Date: 07/09/2026
Place: Nagpur	Sd/-	Sd/-
	(Nitin Khara)	(Sarvesh Khara)
	Managing Director	Director
	(DIN: 01670977)	(DIN: 06938709)