Announced Fri, 10 Jul · 12:03 IST
Board approves conversion of 28.21 lakh warrants into equity shares
Board & Shareholder Meetings View source PDF
SOUTHWEST · price
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Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹231.00
prior close
₹230.85
base price
In-mkt
timing
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+0.1-1.1-1.0—-3.5-3.9-3.4-3.0-1.9+7.4————
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AI summary
South West Pinnacle Exploration's board on July 10, 2026 approved allotment of 28,21,411 equity shares at Rs. 132.20 each (including Rs. 122.20 premium), upon conversion of equal number of warrants. Company received balance 75 percent consideration of Rs. 27.97 crore from 6 allottees. Paid-up equity capital rises to Rs. 32.65 crore (3.26 crore shares). Promoter holding increases from 64.57 percent to 65.94 percent.
Likely market impact
Mild dilution from warrant conversion. Promoter holding rises to 65.94 percent. Equity base expands by about 9.4 percent.