South West Pinnacle Exploration Limited has informed the Exchange regarding 'Appointment of Mr. Baladeva Chitranjan (FCS 6045) Practicing Company Secretary COP (7387) as Secretarial Auditors of the Company and to fix his remuneration, subject to approval of members in ensuing Annual General Meeting of the company.'.
SOUTHWEST · price
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The Board of Directors of South West Pinnacle Exploration Limited met on August 12, 2025, and approved the unaudited financial results (standalone and consolidated) for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue grew to ₹4,011.30 lakhs from ₹2,937.49 lakhs in Q1 FY25, with PAT rising modestly to ₹206.71 lakhs from ₹191.95 lakhs. On a consolidated basis, revenue stood at ₹4,021.62 lakhs and PAT at ₹240.32 lakhs (vs ₹187.00 lakhs a year ago). The Board also appointed Mr. Baladeva Chitranjan (FCS 6045) as Secretarial Auditor for a five-year term, subject to shareholder approval. Additionally, the Board cleared the draft notice for the 19th AGM, approved the Board's Report and related annexures for FY25, and appointed NSDL for e-voting and Mr. Krishna Kumar Singh as Scrutinizer. The auditor flagged a going-concern issue at subsidiary Pilot Pipelines Pvt Ltd (accumulated losses of ₹388.68 lakhs eroding net worth), though the holding company has provided a financial support letter.
A solid ~36% YoY standalone revenue growth and improved consolidated profitability (PAT up ~28% YoY) reflect healthy operational momentum. The subsidiary going-concern note is a watch-point, but is mitigated by parental support. The appointments are routine compliance items and unlikely to move the stock.