Credit Rating

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 F: +91 124 4235402 ISO 9001: 2015 Certified Company E: info@southwestpinnacle.com W: www.southwestpinnacle.com Date: July 11, 2026 To, To, Listing Department Listing Department National Stock Exchange of India Ltd. Bombay Stock Exchange Limited Exchange Plaza, 5th Floor Plot No. C/1, Phiroze Jeejeebhoy Towers, Dalal Street, G Block, Bandra-Kurla Mumbai-400001 Complex Mumbai 400051 Script Code: 543986 SYMBOL: SOUTHWEST Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that CRISIL Limited vide their letter dated July 10, 2026 conveyed by the email on the same date, has upgraded the credit rating of the Company on the long-term bank facilities from ‘BBB/Positive’ to ‘BBB+/Stable’ and short-term bank facilities from ‘CRISIL A3+’ to ‘CRISIL A2’. The details of the same are as follows: - Total Bank Loan Facility Rs. 83.69 Crores Long Term Rating Crisil BBB+/Stable(Upgraded from CRISIL BBB/Positive) Short Term Rating Crisil A2 (Upgraded from CRISIL A3+) The rating upgrade factors sustained improvement in the operating performance of the company, with revenues growing by strong double-digit along with maintaining healthy margins. Financial risk profile remains robust with gearing and debt protection metrics sustaining at healthy levels in fiscal 2026 and expected to remain robust over the medium term. Besides, the ratings continue to reflect the company’s strong technical expertise in drilling and exploration, its’ presence in most of the domains of exploration services across geographies and its diversified and elite customer base. The letter received and rating rationale dated July 10, 2026 is attached herewith for your kind information. Thanking you For South West Pinnacle Exploration Limited Vaishali Company Secretary & Compliance Officer Encl: As above CONFIDENTIAL RL/SWPEPL/399297/BLR/0726/152717 July 10, 2026 Mr. Vikas Jain Managing Director South West Pinnacle Exploration Limited Siddhartha House 4th floor, Plot no. 6 Sector 44, Gurgaon - 122003 Dear Mr. Vikas Jain, Re: Review of Crisil Ratings on the bank facilities of South West Pinnacle Exploration Limited All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.83.69 Crore Long Term Rating Crisil BBB+/Stable (Upgraded from 'Crisil BBB/Positive') Short Term Rating Crisil A2 (Upgraded from 'Crisil A3+') (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from Crisil Ratings will be necessary. Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference: https://www.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and- names-of-regulators.html Should you require any clarification, please feel free to get in touch with us. With warm regards, Yours sincerely, Joanne Annie Gonsalves Nivedita Shibu Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Associate Director - Crisil Ratings Director - Crisil Ratings Disclaimer: A rating by Crisil Ratings reflects Crisil Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to buy / sell or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers / users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, www.crisilratings.com. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on any instrument of any company rated by Crisil Ratings, please visit www.crisilratings.com or contact Customer Service Helpdesk at Crisilratingdesk@crisil.com or at 1800-267-3850 Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. S.No. Bank Facility Bank Outstanding Rating in Crore) 1 Bank G [Showing first 8,000 characters — download PDF for full document]