South West Pinnacle Exploration Ltd

South West Pinnacle Exploration Ltd has announced a Board of Directors meeting scheduled for July 10, 2026. The primary agenda item is to consider and approve the allotment of 28,21,411 equity shares. These shares will be issued pursuant to the conversion of Fully Convertible Warrants, following the exercise of options by warrant holders and receipt of the balance 75% of the issue price. The allotment includes 22,69,288 equity shares to Promoters and 5,52,123 equity shares to Non-Promoters. The meeting will also discuss ongoing business propositions. This action is in furtherance to a special resolution passed in the EGM on January 02, 2025, and a prior warrant allotment on February 21, 2025.

South West Pinnacle Exploration Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended. The window will be shut from July 01, 2026, until 48 hours after the declaration of the company's Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026. The exact date of the board meeting to consider these results will be communicated later. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Vikas Jain and Piyush Jain, promoters of South West Pinnacle Exploration Limited, have disclosed the sale of 11,65,820 equity shares, representing 3.91% of the total shareholding and 3.57% of the diluted shareholding. The disposal occurred in the open market on June 22 and June 23, 2026. Following this transaction, the promoters' combined shareholding has reduced from 68.85% to 64.94% of the total shares carrying voting rights. The total diluted share capital remains at Rs. 32,65,14,220.

Vikas Jain and Piyush Jain, promoters of South West Pinnacle Exploration Ltd, have disclosed the disposal of 11,65,820 equity shares, representing 3.91% of the total share capital, through open market transactions on June 22 and June 23, 2026. This sale has reduced their total shareholding from 68.85% to 64.94% (or 69.85% to 66.28% on a diluted basis). The transactions were conducted in the open market, and the company's total equity share capital remains unchanged at Rs. 29.83 crore.

South West Pinnacle Exploration Ltd (SWPE) has secured two Letters of Award/Work Orders totaling over ₹15.17 Crores, including GST. Additionally, its wholly-owned subsidiary, M/s South West Resources Private Limited, received a work order valued at ₹6.36 Crores (including GST). The awards encompass detailed exploration in a Chhattisgarh coal block from CMPDI (a Coal India subsidiary) for ₹14.04 Crores, and two orders from Geomysore Services (India) Pvt. Ltd. for Reverse Circulation drilling (₹1.13 Crores) and Diamond Core drilling (₹6.36 Crores) in Andhra Pradesh gold mining projects. The gold exploration project is particularly significant, aligning with national goals and expected to generate revenue within the current financial year.

South West Pinnacle Exploration Ltd has been empanelled by Oil India Limited for providing 2D/3D Seismic Data Acquisition Services across OIL's onshore acreages in India. This empanelment is valid for three years and allows the company to bid for future tenders issued by Oil India Limited. The company views this as a significant development that validates its technical expertise and operational capabilities, expecting it to enhance its market position and open doors to new project opportunities in the exploration services sector.

South West Pinnacle Exploration Ltd has executed a Shareholders’ Agreement on May 29, 2026, for its JV Company, Al Hadeetha Mining LLC in Oman, holding a 17.5% equity stake. The agreement with Alara Oman Operations Pty Limited, Al Tasnim Mining LLC, and Al Hadeetha Investment Services LLC governs rights, obligations, management, and funding for mining activities in Block 22B, Oman. Alara is related to SWPE, with Vikas Jain, CMD of SWPE, holding directorship in Alara Resources Ltd (AUQ).

South West Pinnacle Exploration Ltd (SWPE) has been awarded three Letters of Award/Work Orders totaling ₹22.68 Crores (including GST). These include orders from Odisha Lift Irrigation Corporation Ltd for deep borewell installations worth ₹9.68 Crores and from Hindmetal Exploration Services Private Ltd for exploration, drilling, and support services in Rajasthan worth ₹13 Crores. The projects are expected to be completed within the current financial year.

South West Pinnacle Exploration Ltd reported a 35% YoY increase in operating revenue to ₹243 crores for FY26. EBITDA rose by 74% YoY to ₹58 crores, with a margin of 23.99%. Profit after tax grew by 101% YoY. Q4 FY26 revenue stood at ₹78 crores, a 5% increase YoY, with an EBITDA of approximately ₹20 crores and a margin of 26.25%. Profit after tax for Q4 was ₹13 crores, a 30% increase YoY.

South West Pinnacle Exploration Ltd reported a 35% YoY increase in revenue to ₹2430 Mn and a 101% YoY increase in PAT to ₹330 Mn for FY26. The company achieved its highest-ever revenue, PBT, and PAT. It secured a single order worth over ₹307 Cr and was accredited as a prospecting agency by the Ministry of Coal. The order book reached ₹581 Cr, with a shift towards private clients, improving cash flows. ROC improved to 16% and ROCE to 23%.