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 filed a compliance declaration confirming there is no deviation or variation in how the company is using proceeds from its preferential issue of Equity Shares and Share Warrants. The shares and warrants were allotted on February 21, 2025, based on the objects approved in an Extra-Ordinary General Meeting held on January 2, 2025. The company stated that for the quarter and year ending March 31, 2026, the statement of deviation or variation is not applicable. This is a routine regulatory filing under SEBI (LODR) Regulations, 2015.
This is a positive compliance update for shareholders, confirming that the company is using funds from its preferential issue exactly as promised to investors. No negative surprises or deviations have been reported.