South West Pinnacle Exploration Ltd

South West Pinnacle Exploration Ltd has announced the re-appointment of key management personnel following shareholder approval at its 20th Annual General Meeting (AGM) held on September 28, 2026. Mr. Vikas Jain has been re-appointed as Chairman & Managing Director, and Mr. Piyush Jain as Joint Managing Director, both for a period of 3 years effective November 20, 2026. Additionally, Mrs. Meenakshi Anand and Mrs. Shivi Sabharwal have been re-appointed as Independent Directors, and Mr. Rajendra Prasad Ritolia as Non-Executive Director, for terms of 3 years. These re-appointments were confirmed based on a special resolution passed at the AGM and the subsequent scrutinizer's report.

South West Pinnacle Exploration Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 01, 2026, until 48 hours after the declaration of the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half-year ended September 30, 2026. The specific date for 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 Ltd, have disclosed the disposal of 13,85,838 equity shares, representing 4.24% of the total share capital. The sale occurred through open market transactions on August 18, 2026, and September 10, 2026. Following this transaction, their combined shareholding has reduced from 65.94% to 61.70%. The total diluted share capital of the company remains unchanged at Rs. 32,65,14,220.

Vikas Jain and Piyush Jain, promoters of South West Pinnacle Exploration Ltd, have disposed of 13,85,838 shares, representing 4.24% of the total shareholding. The disposal occurred through open market sales on August 18, 2026, and September 10, 2026. Following the sale, their combined shareholding has reduced from 65.94% to 61.70%. The total equity share capital of the company remains unchanged.

South West Pinnacle Exploration Ltd has announced a significant milestone in the development of its Jogeshwar coal mine. The company has successfully completed exploration, prepared, and submitted its Geological Report (GR) to an NABET accredited agency for peer review, as per the SOP of the Nominated Authority, Ministry of Coal (NA-MOC). The agency has confirmed the GR, which has now been submitted to NA-MOC via their portal. A hard copy will also be submitted to CMPDIL. This vetting and submission provide the technical basis for further mine development. The company is now preparing the mining plan for submission and approval, aiming to progress the project towards eventual production, subject to statutory approvals. This step is expected to strengthen the long-term potential of the coal asset and create shareholder value.

South West Pinnacle Exploration Ltd has submitted its Annual Report for the Financial Year 2025-26, coinciding with the announcement of its 20th Annual General Meeting (AGM). The AGM is scheduled for September 28, 2026, to be held via Video Conferencing. The report details a landmark year with record performance, including a 35% year-on-year increase in operating revenue to INR 243 crores, a 74% rise in EBITDA to INR 58 crores, and a 101% surge in net profit after tax to INR 33 crore. The company highlighted its strategic investments in technology and talent to support national mineral exploration priorities amidst global uncertainties. The Annual Report and AGM notice have been disseminated electronically to shareholders and are available on the company's website.

South West Pinnacle Exploration Ltd has announced the details for its 20th Annual General Meeting (AGM) scheduled for Monday, September 28, 2026, at 02:30 P.M. (IST). The meeting will be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The cut-off date for members eligible to vote is Monday, September 21, 2026. The company is providing remote e-voting facility from Friday, September 25, 2026, to Sunday, September 27, 2026, through NSDL. The AGM agenda includes adoption of financial statements for FY 2025-26, re-appointment of a director retiring by rotation, and re-appointment of the Chairman & Managing Director.

South West Pinnacle Exploration Ltd has issued an intimation regarding its 20th Annual General Meeting (AGM) scheduled for September 28, 2026. The company is providing shareholders, whose email addresses are not registered, with a weblink to access the Integrated Annual Report for FY 2025-26. This report and the AGM notice are also available on the company's website and the websites of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Shareholders are encouraged to update their contact details for future communications and to support green initiatives.

South West Pinnacle Exploration Ltd (SWPE) has announced an increase in its aggregate shareholding in Alara Resources Limited (ARL), an Australian Stock Exchange-listed mining and exploration company. Following a rights issue, SWPE, along with promoters Mr. Vikas Jain and Mr. Piyush Jain, has increased their combined stake from 10.83% to 12.66%. SWPE subscribed to 1,87,91,597 shares, Mr. Vikas Jain to 67,86,889 shares, and Mr. Piyush Jain to 43,79,915 shares at an issue price of AUD 0.032 per share. This investment is expected to create operational synergies as both companies are in the mining and exploration sector, with ARL having operations in Oman, a region where SWPE also has joint ventures through its subsidiary. The investment falls under the automatic route of the Foreign Exchange Management (Overseas Investment) Rules, 2022.

South West Pinnacle Exploration Limited (SWPE) has received a Letter of Intimation (LOI) from M/s Odisha Lift Irrigation Corporation Limited (OLIC) for a project valued at approximately ₹18.71 Crores, including GST. The scope of work involves the installation, electrification, energisation, and commissioning of 500 deep borewells in Odisha. The project is to be executed within 180 days, with an initial security deposit of 2% required within 7 days. The LOI specifies a guarantee period of 18 months post-completion. This contract is with a domestic entity, and SWPE has confirmed no promoter or group company interest in OLIC, nor does it fall under related party transactions.