Promoters sell 11.66 lakh shares (3.91%) via open market
SOUTHWEST · price
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.2 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Vikas Jain and Piyush Jain sold 11,65,820 shares (3.91% of total capital, 3.57% diluted) of South West Pinnacle Exploration through open market sales on June 22 and June 23, 2026. Promoter group holding fell from 68.85% to 64.94% (66.28% diluted). They continue to retain majority control.
Open market selling by promoters can weigh on the stock short term, but they still hold a controlling 64.94% stake in the company.