South West Pinnacle Exploration Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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South West Pinnacle Exploration has informed the stock exchanges that the Statement of Deviation or Variation under Regulation 32 of SEBI LODR Regulations is not applicable to the company. This relates to the proceeds raised through a preferential issue of Equity Shares and Share Warrants, which were allotted on February 21, 2025, following an EGM held on January 2, 2025. The company confirms that the funds raised have been used entirely in line with the objects disclosed in the explanatory statement to the EGM resolution. The filing was signed by Vaishali, Company Secretary & Compliance Officer, on May 22, 2025.
This is a routine compliance confirmation with no material new information. It reassures shareholders that the company used the money raised from the preferential issue as originally promised, with no misuse or change of purpose.