Clarification6 Nov 2026, 03:33 pm
South West Pinnacle Exploration: No Deviation in Fund Utilization
AI Summary
South West Pinnacle Exploration Ltd has declared that proceeds from Phase-II of its preferential issue, converted from warrants in July 2026, were utilized in line with the stated objectives for the quarter ended September 30, 2026. The company confirmed no deviation or variation in fund utilization, rendering the Statement of Deviation or Variation inapplicable for the period. This declaration is made pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- No deviation in fund utilization for preferential issue proceeds.
- Funds raised via warrant conversion in July 2026 were used as planned.
- Statement of Deviation or Variation is not applicable for Q2 FY27.
- Declaration made as per SEBI (LODR) Regulations, 2015.
Price Impact
More from SOUTHWEST