Promoters Acquire Shares Through Warrant Conversion While Disposing Stake in South West Pinnacle Exploration Limited

Promoters Acquire Shares Through Warrant Conversion While Disposing Stake in South West Pinnacle Exploration Limited​

South West Pinnacle Exploration Limited saw changes in its equity structure as promoters, Mr. Vikas Jain and Mr. Piyush Jain, executed transactions involving both the acquisition of shares via warrant conversion and the open market disposal of existing stakes.

The Company issued a significant allotment of Equity Shares to the promoter group following the conversion of warrants, while separately disposing of a portion of their holdings in the open market. These actions resulted in a marginal increase in the promoters' shareholding and a strengthening of the company’s total voting capital.

Share Transaction Details​

On July 10, 2026, the Company completed the allotment of 22,69,288 Equity Shares to Mr. Vikas Jain and Mr. Piyush Jain as part of the conversion of warrants. Prior to this transaction, the promoters' total holding stood at 2,16,42,251 shares, representing 64.94% of the total diluted voting capital of South West Pinnacle Exploration Limited.

Concurrently, promoter Vikas Jain sold a combined total of 1,11,651 shares in the open market across two days, June 29, 2026, and June 30, 2026. Mr. Vikas Jain sold 40,593 shares on June 29, 2026, and 10,953 shares on June 30, 2026. Separately, Mr. Piyush Jain sold 60,105 shares in the open market on June 30, 2026.

Holding Post-Transaction​

Following both the allotment and the sales, the promoters' combined holding of shares was reported to stand at 2,15,30,600, which accounts for 65.94% of the company’s total voting capital.

The changes in shareholder composition were reflected across the following key metrics:

Capital Structure Updates​

The equity share capital and total voting capital of South West Pinnacle Exploration Limited saw positive movement as a result of the allotment exercise.

Prior to the acquisition and disposal activities, the Equity Share Capital/Total Voting Capital of the company stood at Rs. 29,83,00,110 (representing 2,98,30,011 equity shares of Rs. 10 each). Following the transactions, the capital increased to Rs. 32,65,14,220 (3,26,51,422 equity shares of Rs. 10 each). The total diluted share/voting capital after the said acquisition remains at Rs. 32,65,14,220.

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