South West Pinnacle Promoters Raise Stake to 65.94 Percent After Warrant Conversion
Promoters Vikas and Piyush Jain have increased their consolidated stake in South West Pinnacle Exploration to 65.94 percent. This movement follows the conversion of 22.69 lakh warrants into equity shares, partially offset by minor open market sales in late June.
South West Pinnacle Bags ₹166.82 Crore CBM Contract Extension from Reliance Industries
South West Pinnacle Exploration Limited (SWPE) has secured a major contract extension from Reliance Industries Limited (RIL) valued at approximately ₹166.82 crore. The agreement covers Coal Bed Methane (CBM) production services in Madhya Pradesh and is slated to commence revenue generation from the second quarter of FY 2026-27.