South West Pinnacle Exploration Ltd reported a robust order book of approximately ₹761 crore during its 20th Annual General Meeting held on September 28, 2026. The company highlighted significant growth in revenue, EBITDA, and profitability for FY26 across its mineral exploration, coal, and overseas business verticals.

The meeting was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. A total of 70 shareholders participated in the meeting, comprising 6 from the promoter group and 64 public shareholders. The number of shareholders as on the record date, September 21, 2026, stood at 16,257.

Leadership and operational highlights

Chairman and Managing Director Vikas Jain apprised members of the strong financial performance in FY26, emphasizing expansion into emerging exploration segments and technology adoption. Joint Managing Director Piyush Jain detailed the operational capabilities, noting an improved order mix and successful project execution. He reaffirmed the focus on disciplined execution and sustainable long-term growth in critical minerals and underground coal gasification.

The statutory auditor and secretarial auditor reports were unqualified, with no observations or remarks. Mr. Hari Narain Singh Rajpoot, Independent Director and Chairman of the Audit Committee, was unable to attend due to unforeseen medical reasons. Consequently, Mrs. Shivi Sabharwal, Independent Director, was designated as the Chairperson of the Audit Committee for the AGM.

Resolutions and governance

The following resolutions were put forth for shareholder approval through e-voting:

• Adoption of standalone and consolidated audited financial statements for FY26.
• Re-appointment of Vikas Jain as Chairman and Managing Director.
• Re-appointment of Piyush Jain as Joint Managing Director.
• Re-appointment of Meenakshi Anand and Shivi Sabharwal as Independent Directors.
• Re-appointment of Rajendra Prasad Ritolia as Non-Executive Director.

Remote e-voting commenced on September 25, 2026, and concluded on September 27, 2026. E-voting during the AGM continued for 15 minutes post-conclusion. The scrutinizer, Krishna Kumar Singh, will submit the voting results within 48 hours.

Shareholder participation details

What the numbers show

The disclosed order book of ₹761 crore represents a key forward-looking indicator for revenue conversion in upcoming quarters. While specific quarterly revenue figures were not detailed in the proceedings, the management's emphasis on "significant growth" alongside this substantial backlog suggests a strong pipeline for future execution. The participation rate of 70 attendees against 16,257 registered shareholders indicates low retail engagement, with institutional or promoter-led attendance driving the quorum.

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.