Vikas Jain has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Vikas Jain, on behalf of the promoters of South West Pinnacle Exploration Limited, has submitted a mandatory annual declaration under Regulation 31(4) of SEBI's Takeover Regulations to the stock exchanges. As on 31 March 2025, the promoters and promoter group together hold 2,05,38,783 equity shares, which represents 68.85% of the company's total equity capital. The promoter has confirmed that no encumbrance (pledge, lien or any such charge) was created on the company's equity shares, directly or indirectly, at any time during the financial year ended 31 March 2025. This is a routine compliance filing required when promoter holding exceeds 25%.
Neutral to mildly positive for shareholders – the promoter group's stake remains comfortable at nearly 69%, and the confirmation of zero pledging removes any near-term concern of forced selling or margin pressure on promoter-held shares. No material price impact is expected as this is a standard regulatory disclosure rather than a new corporate action.