South West Pinnacle Exploration Limited saw a reduction in its promoter group's shareholding following the sale of equity shares by the promoter and promoter group, Vikas Jain and Piyush Jain. The disposal was conducted through the open market on June 22, 2026, and June 23, 2026.
The aggregate number of shares sold across the two days totaled 11,65,820 equity shares, representing a divestment by both promoters involved in the company's promotion.
The sale represents a reduction in the promoter group's stake following previous shareholding metrics. Before the sale, the combined holding of Mr. Vikas Jain and Mr. Piyush Jain was reported at 68.85% (based on total shares carrying voting rights) and 69.85% (based on diluted shares/voting capital).
Following the disposal in the open market, the promoter group's ownership percentages decreased to 64.94% of the shares carrying voting rights and 66.28% of the total diluted share/voting capital.
Financial Overview of Shareholding Change
The transaction involved the sale of equity shares held by the Promoter and Promoter Group in South West Pinnacle Exploration Limited. The financial structure before and after the disposal remains as follows:| Parameter | Before Disposal (As per last disclosure dated 23/02/2025) | After Disposal |
|---|---|---|
| Equity Share Capital / Total Voting Capital of TC | Rs. 29,83,00,110 (2,98,30,011 equity shares of Rs. 10 each) | Rs. 29,83,00,110 (2,98,30,011 equity shares of Rs. 10 each) |
| Total Diluted Share / Voting Capital of the TC | N/A | Rs. 32,65,14,220 (3,26,51,422 equity shares of Rs. 10 each) |
Details of Disposal
The disposal involved both promoters: Mr. Vikas Jain and Mr. Piyush Jain. Shares were sold in the open market across two dates, as detailed below:| Date of Sale | Promoter Name | Number of Shares Sold |
|---|---|---|
| 22/06/2026 | Vikas Jain | 5,20,000 |
| 22/06/2026 | Piyush Jain | 4,54,702 |
| 23/06/2026 | Vikas Jain | 1,09,678 |
| 23/06/2026 | Piyush Jain | 81,440 |
The company's total shares carrying voting rights reduced from 2,28,08,071 to 2,16,42,251 following the sale. The holding of shares carrying voting rights by the promoter group subsequently decreased from 68.85% to 64.94%.
SOUTHWEST Stock Price Movement
Shares of South West Pinnacle Exploration Limited are shedding value as of 2:11 PM, slipping by 2.71% in live trading after declining by ₹6.25 and currently resting at ₹224.10. The stock has seen significant activity with a traded volume of 210,363 shares and remains above its intraday low of ₹223.20.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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