South West Pinnacle wins ₹5.89 Cr order from CMPDI for coal exploration

South West Pinnacle Exploration Ltd has secured a Letter of Award (LOA) from Central Mine Planning and Design Institute Ltd (CMPDI) for detailed exploration services of coal in Jharkhand. The order is valued at approximately ₹5.89 crore including GST and is expected to strengthen the company's order book and contribute to revenue in the current financial year.

Project Overview

CMPDI, a Mini Ratna public sector company and wholly owned subsidiary of Coal India Ltd, awarded the contract for detailed coal exploration services. The work is scheduled for completion within a period of 180 days. The company noted that the new LOA will help strengthen its order book and fetch revenue in the current financial year itself, given the project's timeline.

The key details of the awarded contract are outlined below:

Project Detail:	Information
Client:	Central Mine Planning and Design Institute Ltd (CMPDI)
Nature of Work:	Detailed exploration services of Coal
Location:	Jharkhand
Order Value:	~₹5.89 crore (including GST)
Duration:	180 days

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.89%	+1.10%	-11.63%	+24.30%	+47.66%	+372.43%

Promoters Vikas Jain and Piyush Jain have reduced their shareholding in South West Pinnacle Exploration Limited by disposing of 11,65,820 equity shares through open market sales on June 22 and June 23, 2026. The transactions were disclosed to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disposal has lowered the promoter group's total voting stake to 64.94% and the diluted voting stake to 66.28%.

Details of Share Disposal

The shares were sold in the open market across two days. Vikas Jain sold a total of 6,29,678 shares, while Piyush Jain sold 5,36,142 shares. The aggregate disposal of 11,65,820 shares represents 3.91% of the total share capital and 3.57% of the total diluted share capital of the company.

Date of Sale	Name of Promoter	Number of Shares Sold	Mode of Sale
22/06/2026	Vikas Jain	5,20,000	Open Market
22/06/2026	Piyush Jain	4,54,702	Open Market
23/06/2026	Vikas Jain	1,09,678	Open Market
23/06/2026	Piyush Jain	81,440	Open Market
Total		11,65,820

Revised Shareholding Pattern

Prior to the sale, the promoters held 2,05,38,783 shares carrying voting rights, which accounted for 68.85% of the total paid-up capital. Following the disposal, the holding of shares carrying voting rights stands at 1,93,72,963. The promoters continue to hold 22,69,288 warrants, which were allotted on February 21, 2025.

The equity share capital of South West Pinnacle Exploration Limited remains unchanged at Rs. 29,83,00,110, comprising 2,98,30,011 equity shares of Rs. 10 each. The total diluted share capital, including the outstanding warrants, is Rs. 32,65,14,220, consisting of 3,26,51,422 equity shares of Rs. 10 each.