South West Pinnacle Exploration Reports No Deviation in Use of Proceeds for Q4 FY26
South West Pinnacle Exploration Ltd filed a regulatory declaration confirming no deviation in use of proceeds from preferential issue of equity shares and share warrants for Q4 FY26. The securities were allotted on February 21, 2025, following an EGM resolution dated January 02, 2025. The company maintains compliance with SEBI regulations requiring quarterly disclosure of fund utilization from preferential issues.

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South West Pinnacle Exploration Ltd has submitted a regulatory declaration to stock exchanges confirming compliance with fund utilization norms for the quarter and year ended March 31, 2026. The company reported no deviation from stated objectives in the use of proceeds raised through preferential issue of equity shares and share warrants.
Regulatory Compliance Declaration
The declaration was filed pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019. This regulation mandates companies to disclose any deviation or variation in the use of proceeds from preferential issues on a quarterly basis.
Fund Utilization Details
The company confirmed that proceeds from the preferential issue have been utilized strictly in accordance with the objects stated in the explanatory statement to the resolution. The key details of the fund raising are outlined below:
| Parameter: | Details |
|---|---|
| Issue Type: | Equity Shares & Share Warrants on Preferential Basis |
| Allotment Date: | February 21, 2025 |
| EGM Resolution Date: | January 02, 2025 |
| Reporting Period: | Quarter and Year ended March 31, 2026 |
| Deviation Status: | No Deviation Reported |
Corporate Information
South West Pinnacle Exploration Ltd, incorporated with CIN L13203HR2006PLC049480, operates from its registered and corporate office in Gurgaon, Haryana. The company holds ISO 9001:2015 certification and maintains its listing on both NSE (Symbol: SOUTHWEST) and BSE (Scrip Code: 543986).
Compliance Officer Statement
The declaration was digitally signed by Vaishali, Company Secretary and Compliance Officer, on April 15, 2026. The company has requested stock exchanges to acknowledge and record the compliance confirmation, emphasizing its commitment to regulatory transparency and adherence to prescribed fund utilization guidelines.
Historical Stock Returns for South West Pinnacle
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.16% | +11.40% | +28.35% | +102.62% | +117.42% | +393.61% |
What specific exploration projects or acquisitions will South West Pinnacle fund with the proceeds from the February 2025 preferential issue?
How might the company's successful fund utilization compliance impact investor confidence for potential future capital raises?
Will South West Pinnacle consider converting the outstanding share warrants in the current market conditions?


































