South West Pinnacle

South West Pinnacle Exploration's promoters, Vikas Jain and Piyush Jain, sold 13,85,838 shares in the open market. The sales took place on August 18 and September 10, 2026, with Vikas Jain selling 7,65,838 shares and Piyush Jain selling 6,20,000. The promoter group's holding fell from 65.94 per cent to 61.70 per cent, while the company's issued share capital remained 3,26,51,422 shares. South West Pinnacle reported FY26 revenue of ₹243 crore and profit after tax of ₹33 crore, with a ₹761 crore backlog recorded at year-end.

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South West Pinnacle Exploration’s promoters sold 13,85,838 shares through open-market transactions on August 18 and September 10, 2026. Vikas Jain sold 5,65,838 shares on August 18 and 2,00,000 shares on September 10, while Piyush Jain sold 6,20,000 shares on September 10. Their combined holding fell from 65.94% to 61.70%, with the company’s total equity capital unchanged. South West Pinnacle reported FY26 revenue of ₹243 crore and a backlog of about ₹761 crore.

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South West Pinnacle Exploration had its geological report for the Jogeshwar Jogeshwar Khas coal mine in Jharkhand reviewed and confirmed by a NABET-accredited agency on 6 September, and submitted it to the Nominated Authority of the Ministry of Coal. The company had completed exploration-related activities and was preparing a mining plan for submission to the authority, subject to the required approvals and clearances. A hard copy of the report was to be submitted to CMPDIL for record maintenance and updating of coal resources. The block covers 266 hectares and contains 84 million tonnes of reserves. South West Pinnacle reported FY26 revenue of ₹243 crore and an order book of about ₹761 crore.

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South West Pinnacle Exploration received a Letter of Award from Central Mine Planning and Design Institute, a Mini Ratna public-sector company wholly owned by Coal India, for detailed coal exploration in Jharkhand. The work was valued at about ₹6.64 crore including GST and was to be completed within 180 days. Exploration of the company's Jharkhand coal block had been completed, with a geological report under preparation in July. South West Pinnacle reported FY26 revenue of ₹243 crore and profit after tax of ₹33 crore.

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Aug 11 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - GETS LOA FOR 66.4 MILLION RUPEES FROM COAL INDIA UNIT

Source text: ID:nnAZN4TD6CX

Further company coverage: SWPI.NS

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** Natural resources exploration and end-to-end drilling firm South West Pinnacle Exploration's shares SWPI.NS rise as much as 9.14% to one-month high of 257.47 rupees

** SWPI last up 5%

** Net profit rises nearly four-fold to 93.36 million rupees ($970,049.61) in the June quarter from 24.03 million rupees a year ago

** Revenue from operations rises 53.4% to 616.82 million rupees

** Operating profit margin grows to 24% from last year's 14%, helped by a robust order book, extension of a contract from Reliance Industries RELI.NS valued over 1.66 billion rupees

** SWPI shares are up 28.3% in 2026 so far, according to exchange data

($1 = 96.2425 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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South West Pinnacle Exploration has received an extension of its coal-bed methane production contract from Reliance Industries, valued at approximately ₹166.82 crore including GST. The contract, for services in Madhya Pradesh, has a tentative duration of 15 months with an option to extend by another six months. All other terms and conditions remain unchanged. The company said the required machinery, equipment, and trained manpower are already in place, so no additional capital expenditure is needed. Revenue is expected to start flowing from the second quarter of FY2027. This extension adds to the company's existing order book of ₹581 crore, further strengthening its near-term revenue pipeline.

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July 7 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GOT ORDER WORTH 1.67 BILLION RUPEES FROM RELIANCE INDUSTRIES

Further company coverage: SWPI.NS

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South West Pinnacle Exploration has received a Letter of Award from Central Mine Planning and Design Institute (CMPDI) for detailed coal exploration services in Jharkhand. The contract, valued at ₹5.89 crore including GST, is to be executed within 180 days and will contribute to revenue in the current financial year. The order strengthens the company’s already robust order book.

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July 6 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE - RECEIVES LETTER OF AWARD FROM CMPDI FOR COAL EXPLORATION IN JHARKHAND

• SOUTH WEST PINNACLE EXPLORATION - CONTRACT VALUE ABOUT 58.9 MILLION RUPEES

Source text: ID:nBSE9G56L9

Further company coverage: SWPI.NS

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South West Pinnacle Exploration’s board will meet on July 10, 2026, to consider allotting 2,821,411 equity shares upon conversion of fully convertible warrants. The warrants were issued earlier to promoter and non-promoter allottees on a preferential basis, with the conversion now triggered by the warrant holders paying the remaining 75% of the issue price. Of the total shares, 2,269,288 will go to promoters and 552,123 to non-promoters, potentially increasing the company’s outstanding equity by about 9%.

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Promoters of South West Pinnacle Exploration sold 1.17 million shares, or 3.91% of paid-up equity, through open-market transactions on June 22 and 23, 2026. The sale by Vikas Jain and Piyush Jain reduced the total promoter and promoter group voting stake to 64.94% from 68.85%, and the diluted holding to 66.28% from 69.85%. The disclosure was filed under SEBI's takeover regulations.

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June 4 (Reuters) - Oil India Ltd OILI.NS:

• SOUTH WEST PINNACLE EXPLORATION - EMPANELLED BY OIL INDIA FOR 2D/3D SEISMIC DATA SERVICES

Source text: ID:nNSEcgR7LJ

Further company coverage: OILI.NS

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May 12 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - AWARDED THREE CONTRACTS VALUED OVER 226.8 MILLION RUPEES

Source text: ID:nBSE6lbx7p

Further company coverage: SWPI.NS

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March 9 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - SIGNS LONG TERM EXPLORATION SERVICES CONTRACT VALUED OVER 3.07 BILLION RUPEES

• SOUTH WEST PINNACLE EXPLORATION- SIGNS LONG TERM EXPLORATION SERVICES CONTRACT FROM HIND METAL EXPLORATION

Source text: ID:nBSE4Ht4jg

Further company coverage: SWPI.NS

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Dec 1 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION- WINS COAL BLOCK IN JHARKHAND WITH 84 MILLION TONS RESERVES

Source text: ID:nBSE7KvkCB

Further company coverage: SWPI.NS

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Oct 13 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS WORK ORDERS VALUED AT ABOUT 169.3 MILLION RUPEES

Source text: ID:nNSE9Btbrl

Further company coverage: SWPI.NS

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Feb 12 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS LETTER OF INTIMATION FROM ODISHA LIFT IRRIGATION CORPORATION

• GETS LOI WORTH 101.1 MILLION RUPEES

Source text: [ID:]

Further company coverage: SWPI.NS

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Jan 24 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• INCORPORATES WHOLLY OWNED SUBSIDIARY SOUTH WEST GEO SERVICES

Source text: ID:nBSE545G89

Further company coverage: SWPI.NS

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Jan 17 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - GETS 2 LETTERS OF INTIMATION FROM ODISHA LIFT IRRIGATION CORP

• SOUTH WEST PINNACLE EXPLORATION - TOTAL VALUE OF BOTH LETTERS OF INTIMATION AT 108.6 MILLION RUPEES

Source text: [ID:]

Further company coverage: SWPI.NS

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** South West Pinnacle Exploration SWPI.NS jumps 5.3% to 158.28 rupees

** Mineral and energy exploration services provider gets a contract extension from Reliance Industries RELI.NS for coal bed methane drilling

** Says extension worth 1.58 bln rupees ($18.4 mln)

** Adds co will deploy new rig, more workforce for extended ops

** SWPI fell 11.4% in 2024

($1 = 85.6725 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** South West Pinnacle Exploration SWPI.NS jumps 9.5% to 159 rupees

** Mining support equipment maker gets letter of award for order worth 600 mln rupees ($7.1 mln) from Oil India OILI.NS for oil and gas exploration services in North Eastern India

** Stock set to gain after two straight sessions of losses

** SWPI down ~5.9% YTD

($1 = 85.0450 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 4 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• TO CONSIDER PREFERENTIAL ISSUE OF SHARES, WARRANTS

Source text: ID:nBSE2MFrBx

Further company coverage: SWPI.NS

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Nov 8 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION LTD - GETS WORK ORDERS WORTH 100.3 MILLION RUPEES

Source text: ID:nNSE53H0k6

Further company coverage: SWPI.NS

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Sept 4 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS ORDER WORTH 100.1 MILLION RUPEES

Source text for Eikon: ID:nBSE3DHZN7

Further company coverage: SWPI.NS

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July 25 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GETS ORDER WITH VALUE OF 53.6 MILLION RUPEES

Further company coverage: SWPI.NS

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June 3 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - CO GOT LETTER OF INTENT FROM VEDANTA FACOR

• SOUTH WEST PINNACLE EXPLORATION - LOI FOR EXPLORATION ACTIVITIES AT KALARANGITTA CHROMITE MINES, JAJPUR, KATASAHI MANGANESE MINES, BARBIL IN ODISHA

• SOUTH WEST PINNACLE EXPLORATION - AGGREGATE VALUE OF CONTRACT IS ABOUT 84.9 MILLION RUPEES PLUS GST AS APPLICABLE

• SOUTH WEST PINNACLE EXPLORATION - PROJECT IS TO BE COMPLETED IN 5 MONTHS.

Source text for Eikon: ID:nBSENQN6H

Further company coverage: SWPI.NS

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** Shares of India's South West Pinnacle Exploration SWPI.NS up 3.2%

** Co gets contract worth ~548.1 mln rupees ($6.6 mln) from Central Ground Water board for instruments used to measure ground pore pressure

** Stock posted six straight weekly losses as of Friday's close

** YTD stock had fallen ~37% after a more than 43% jump in 2023

($1 = 82.9350 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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March 18 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• SOUTH WEST PINNACLE EXPLORATION - GETS LETTER OF AWARD FOR CONTRACT WORTH 548.1 MILLION RUPEES

Source text for Eikon: ID:nBSE7Bl5M1

Further company coverage: SWPI.NS

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Nov 23 (Reuters) - South West Pinnacle Exploration Ltd SWPI.NS:

• GOT WORK ORDER FROM HINDUSTAN COPPER WORTH AROUND 380 MILLION RUPEES

• WORK ORDER FOR SURFACE EXPLORATORY DIAMOND CORE DRILLING & ASSOCIATED ACTIVITIES IN RAJASTHAN

Further company coverage: SWPI.NS

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