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South West Pinnacle Exploration Ltd (Formerly known as South West Pinnacle Exploration Pvt Ltd) CIN NO.: L13203HR2006PLC049480 Regd & Corp Office: Ground Floor, Plot No.15, S e c t o r - 4 4 , Gurgaon 122003, Haryana, India. ISO 9001: 2015 Certified Company T: +91 124 4235400, 4235401 F: +91 124 4235402 E: info@southwestpinnacle.com W: www.southwestpinnacle.com Date: 03.09.2026 To, To, Listing Department Listing Department National Stock Exchange of India Ltd. Bombay Stock Exchange Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, 5th Floor, Plot No. C/1, G Block, Dalal Street, Mumbai-400001 Bandra- Kurla Complex Scrip Code: 543986 Mumbai 400051 SYMBOL: SOUTHWEST Subject- Submission of Annual Report of M/s South West Pinnacle Exploration Limited for the Financial Year 2025-26 Dear Sir/Madam, The 20th Annual General Meeting (“AGM”) of the Company will be held on Monday, 28th September, 2026 at 02:30 P.M (IST) through Video Conferencing/Other Audio Visual Means in accordance with the applicable circulars issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”). Pursuant to Regulation 30 read with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), please find enclosed the 20th Annual Report of the Company for FY 2025-26, together with the Notice convening the 20th AGM. The Notice of 20th AGM along with the Annual Report FY 2025-26 has been sent electronically to all the Members of the Company, whose e-mail ids are registered with the Company, the Registrar & Transfer Agent (RTA) or the Depositories and also being made available on the website of the Company at www.southwestpinnacle.com Further, in Compliance with Regulation 36(1)(b) of the SEBI Listing Regulations and other applicable provisions, the Company has issued letters to those shareholders whose e-mail addresses are not registered with the Company/Registrar & Transfer Agent/Depository Participants, providing the weblink of Company’s website from where the Integrated Annual Report for FY 2025-26 can be accessed. The Annual Report containing Notice of 20th Annual General Meeting and other details is also uploaded on the Company’s website at www.southwestpinnacle.com. This is for your information and record. Thanking you, South West Pinnacle Exploration Ltd (Formerly known as South West Pinnacle Exploration Pvt Ltd) CIN NO.: L13203HR2006PLC049480 Regd & Corp Office: Ground Floor, Plot No.15, Sector-44, Gurgaon 122003, Haryana, India. T: +91 124 4235400, 4235401 ISO 9001: 2015 Certified Company F: +91 124 4235402 E: info@southwestpinnacle.com W: www.southwestpinnacle.com For South West Pinnacle Exploration Limited Vaishali Company Secretary & Compliance Officer Encl: a/a SOUTH WEST PINNACLE E X P L O R A T I O N L I M I T E D WHERE EXPLORATION MEETS EXCELLENCE ANNUAL REPORT EXPLORATION SAFETY GROWTH WITH PURPOSE AS OUR PRIORITY WITH SUSTAINABILITY F I N A N C I A L Y E A R 2025-26 ffoo eellbbaaTT I-XII CORPORATE OVERVIEW Chairman & Managing Director Message I & II Joint Managing Director Message III-IV Board of Directors V & VI Corporate Information VII Snapshot VIII FY 2025-26 at a glance IX CSR Initiaves X Company Milestones XI-XII 01-83 STATUTORY REPORTS Notice 01-20 Board’s Report 21-39 MDA 40-49 CG Report 50-71 CSR 72-74 Annexures to Board's Report 75-83 84-141 STANDALONE FINANCIAL STATEMENTS Auditor's Report 84-96 Balance Sheet 97 Profit & Loss Statement 98 Cash Flow Statement 99 Accounting Policies 100-109 Notes to Accounts 110-141 142-187 CONSOLIDATED FINANCIAL STATEMENTS Auditor's Report 142-149 Balance Sheet 150 Profit & Loss Statement 151 Cash Flow Statement 152 Accounting Policies 153-156 Notes to Accounts 157-187 Chairman & Managing Director's Message MR. VIKAS JAIN Chairman & Managing Director Dear shareholders, national priority—helping identify new reserves, improve resource estimation, and reduce dependence on I am pleased to share that FY2026 was a landmark year imports. for the Company, wherein we achieved our highest-ever annual performance in terms of revenue and Over the past year, we have invested significantly in profitability, reflecting strong execution and operational modern technologies, advanced geophysical techniques, momentum. During Financial Year 2026, the operating and data-driven exploration methods. We have also revenue was INR 243 crores, which increased by 35% focused on strengthening our talent pool, ensuring that year-on-year. The EBITDA stood at INR 58 crores, an our teams remain at the cutting edge of innovation and increase of 74% year-on-year, translating into an execution excellence. EBITDA margin of 23.99%. The net profit after tax grew nearly 101% year-on-year to INR 33 crore, with a In line with our growth strategy, we operated across the PAT margin of 13.58%. highest number of exploration domains during the year, with a presence across six active domains, while also It is pertinent to mention here that this performance is expanding our geographic footprint across eight states in despite dynamic and often challenging business India. We also maintained an impeccable safety record environment. During this challenging time, we have with zero injuries across all operations during the year. expanded our footprint, strengthened client relationships, and enhanced our capabilities across It is heartening to inform that during the year, we have multiple domains of mineral exploration and drilling. also been notified as an accredited prospecting agency by the Ministry of Coal, Government of India, for carrying Today, the importance of mineral exploration cannot be out prospecting operations related to coal and lignite undermined. In a world shaped by increasing geopolitical exploration. Accordingly, exploration activities at our uncertainties, supply chain disruptions, and the global coal block in Jharkhand were undertaken at full speed race for critical minerals, countries are re-evaluating their which has now been completed paving way for early resource strategies. India, with its growing economic development of the same, our second business stream. ambitions and infrastructure needs, must ensure reliable The GR and mining plan preparation and other related access to minerals that power industries, energy activities are now being put on fast track mode and transition, and technological advancement. hopeful of commencing the coal production by start of FY 28-29. Exploration is the foundation of this strategy. Without robust and scientific exploration, there can be no Our overseas operations in Oman, the third business sustainable mining, no resource security, and no long- stream, is also progressing with good pace. In Oman out term industrial growth. Our work directly supports this of two JVs, the first JV is imparting mineral services thru Annual Report 2025-26 Ü I an 11 years' contract valuing USD 125 Million, besides Keeping above in mind, we remain focused on expanding providing exploration services to various local clients. our capabilities, maintaining execution excellence, and Our resources are currently booked for next two years. creating sustainable value for all stakeholders. Besides, new opportunities are also on the anvil which will further strengthen our operations there. With our diversified technical capabilities, experienced manpower, fleet strength, and pan-India presence, we are In second JV we have been allocated a large mineral block strategically positioned to benefit from this expanding spread across 1400 Sq KM, having minerals like silver, national focus and improve further our performance in gold , copper , basalt and chromite etc., for exploration to coming years. be followed by exploitation by Ministry of Energy and Minerals, Sultanate of Oman. The air borne survey has Lastly and most importantly, I express my sincere since been completed and other exploration activities are gratitude to our clients, employees [Showing first 8,000 characters — download PDF for full document]