Promoters of South West Pinnacle Exploration Limited disposed 13,85,838 equity shares, representing 4.24% of the total voting capital, through open market transactions.

The sales were executed on August 18, 2026, and September 10, 2026. The disclosure was filed with the National Stock Exchange and Bombay Stock Exchange on September 11, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company secretary confirmed receipt of the disclosure on September 12, 2026.

Transaction Details

Vikas Jain and Piyush Jain, acting as promoters, effected the disposal. Vikas Jain sold 5,65,838 shares on August 18, 2026, and 2,00,000 shares on September 10, 2026. Piyush Jain sold 6,20,000 shares on September 10, 2026.

Holding Structure

Prior to these transactions, the promoter group held 2,15,30,600 shares, constituting 65.94% of the voting capital. Following the disposals, their holding stands at 2,01,44,762 shares, or 61.70%.

The company’s total equity share capital remains unchanged at ₹32,65,14,220, comprising 3,26,51,422 equity shares of ₹10 each. No shares held by the promoters are encumbered with pledges or liens.

South West Pinnacle Exploration Ltd has submitted its vetted Geological Report for the Jogeshwar Khas Coal Mine in Jharkhand to the Ministry of Coal, marking a critical step toward project development. The submission follows peer review by an NABET accredited agency.

The company confirmed that the accredited agency reviewed and confirmed the report via letter dated September 6, 2026. South West Pinnacle subsequently uploaded the document to the Nominated Authority’s portal and will submit a hard copy to CMPDIL for resource record maintenance.

Project Progression

This submission concludes the exploration phase, which involved extensive geological investigation and technical evaluation. The vetted report provides the technical basis required for further mine evaluation. The company is now preparing the mining plan, which it expects to submit to the Ministry of Coal in due course for approval.

Regulatory Context

The process adheres to the Standard Operating Procedure issued by the Nominated Authority, Ministry of Coal, Government of India, dated January 21, 2026. The company stated it will continue working with relevant authorities to secure statutory approvals and clearances necessary for eventual production.