Promoter Group Adjusts Holdings in South West Pinnacle Exploration After Allotment and Open Market Sales
South West Pinnacle Exploration Limited has seen a material adjustment in its shareholding as the promoter group completed significant transactions involving both equity allotment and open market sales. The transactions primarily involved Mr. Vikas Jain and Mr. Piyush Jain, who are part of the promoter group.The company executed two main actions: an allotment of equity shares resulting from the conversion of warrants, followed by a disposal of shares through the open market on June 29, 2026, and June 30, 2026.
Before these transactions, the total shareholding stood at 21,642,251 shares, representing 64.94% of the total diluted share/voting capital. The promoter group held 2,269,288 warrants or convertible securities.
The acquisition and disposal details show a corresponding change in holding percentages. The promoter group's holding percentage increased slightly to 65.94% following all transactions.
Shareholding Details of South West Pinnacle Exploration Limited
| Metric | Before Acquisition/Disposal (As per 24/06/2026 disclosure) | After Acquisition/Sale |
|---|---|---|
| Shares carrying voting rights held by Acquirer/PAC | 19,372,963 shares (64.94%) | 21,530,600 shares (65.94%) |
| Warrants/Convertible Securities Held | 2,269,288 | N/A |
| Total Shares held by Promoter Group | 21,642,251 (64.94%) | 2,15,30,600 (65.94%) |
The transactions included the allotment of equity shares pursuant to the conversion of warrants and subsequent sales in the open market.
Financial Impact on Capital Structure
The company's equity share capital saw an increase following these events. Before the transaction, the equity share capital was Rs. 29,83,00,110, corresponding to 2,98,30,011 equity shares of Rs. 10 each.Following the acquisition and sale, the total diluted share/voting capital of the company stood at Rs. 32,65,14,220 (3,26,51,422 equity shares of Rs. 10 each).
Promoter Disposal Details
The disposal of Equity Shares by the promoters on the open market was executed across two dates, involving Mr. Vikas Jain and Mr. Piyush Jain. The aggregate disposal amounted to 1,11,651 shares in the open market.Details of the sales are as follows:
| Date of Sale | Name of Promoter (Transferor) | Number of Shares Sold |
|---|---|---|
| 29/06/2026 | Vikas Jain | 40,593 |
| 30/06/2026 | Vikas Jain | 10,953 |
| 30/06/2026 | Piyush Jain | 60,105 |
SOUTHWEST Stock Price Movement
South West Pinnacle Exploration Limited shares slipped by 1.49% today, closing at ₹226.65 in the post-market session. The stock traded with a volume of 115,972 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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