Promoters Sell Shares in South West Pinnacle Exploration Ltd In Open Market
The promoter group of South West Pinnacle Exploration Limited has sold a significant number of equity shares through the open market, reducing their stake in the company.Mr. Vikas Jain and Mr. Piyush Jain, representing the Promoter Group of South West Pinnacle Exploration Limited, executed the disposal of 11,65,820 equity shares across two days in June 2026. The entire transaction involved a sale in the open market.
The detailed breakdown of the share sales by the promoters is as follows:
| 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 |
The total aggregate disposal amounted to 11,65,820 shares. This sale represented 3.91% of the promoter group's total voting capital before the transaction and was noted as 3.57% against the total diluted share/voting capital.
Following the disposition of shares, the Promoter Group's holding percentage decreased from 68.85% to 64.94%. The overall ownership of the promoter group reduced from 69.85% of the diluted voting capital to 66.28% of the diluted capital after the sale.
The financial status of the company reflected changes in its total diluted share/voting capital. The equity share capital and total voting capital of South West Pinnacle Exploration Limited remained at Rs. 29,83,00,110 (representing 2,98,30,011 equity shares of Rs. 10 each) before the acquisition/sale. After the sale, the total diluted share/voting capital of the company increased to Rs. 32,65,14,220 (corresponding to 3,26,51,422 equity shares of Rs. 10 each).
SOUTHWEST Stock Price Movement
South West Pinnacle Exploration Limited shares slipped by 4.77% on Wednesday, settling at ₹230.35 after losing ₹11.60 from the previous closing price. The stock saw a trading volume of 644,176 shares during the session.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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