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.

South West Pinnacle Exploration Ltd has scheduled its 20th Annual General Meeting for Monday, September 28, 2026. The meeting will be held via video conferencing to transact ordinary and special business items for the fiscal year ended March 31, 2026.

Shareholders holding shares as on the cut-off date of September 21, 2026, are eligible to vote. Remote e-voting commences on Friday, September 25, 2026, at 9:00 am and concludes on Sunday, September 27, 2026, at 5:00 pm through the National Securities Depository Limited platform.

Director Reappointments

The board seeks shareholder approval for the reappointment of several directors for three-year terms effective from August or November 2026. Key appointments include:

Mr. Rajendra Prasad Ritolia requires a special resolution for reappointment as he is over 75 years of age, in compliance with SEBI Listing Regulations.

Remuneration Revisions

The company proposes revised remuneration packages for its managing directors. Mr. Vikas Jain’s monthly salary increases from ₹10,00,000 to ₹15,00,000, along with a commission of 0.50% on turnover. Mr. Piyush Jain’s monthly salary rises from ₹7,50,000 to ₹12,00,000, with a commission of 0.40% on turnover.

Both executives are entitled to perquisites including medical reimbursement, club subscriptions, and official vehicles. Total remuneration remains subject to the ceiling limits under Schedule V of the Companies Act, 2013.

Annual Report Access

In compliance with Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the company has issued letters to shareholders without registered email addresses providing a weblink to the Integrated Annual Report for FY25-26. The report is also available on the company’s website under the Investors section.

What the Numbers Show

The proposed remuneration structure links executive compensation directly to top-line performance through turnover-based commissions. This aligns management incentives with revenue generation, though the fixed salary component represents a significant increase for both promoters.