NSEAgreements6 Jul 2026 · 6 Jul 2026, 03:37 pm

Agreements

South West Pinnacle Exploration Limited · SOUTHWEST

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South West Pinnacle Exploration Limited has informed the Exchange about signing a commitment letter with Alara Resources Limited to invest in the upcoming right issue of ARL.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10

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South West Pinnacle Exploration Limited has informed the Exchange about Agreements

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SOUTHWEST_06072026153617_announcement.pdf

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South West Pinnacle Exploration 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 E: info@southwestpinnacle.com ISO 9001: 2015 Certified Company W: www.southwestpinnacle.com Date: July 06, 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, G Block, Bandra-Kurla Dalal Street, Mumbai-400001 Complex Mumbai 400051 Script Code: 543986 SYMBOL: SOUTHWEST Subject: Intimation Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that, the Company (South West Pinnacle Exploration Limited/“SWPE”) (along with Mr. Vikas Jain, Promoter, Chairman & Managing Director, Mr. Piyush Jain, Promoter, Joint Managing Director), have signed a commitment letter with Alara Resources Limited, Australia (“ARL”) thru its Executive Chairman Peter Lee on July 06, 2026, (hereinafter referred to as ‘Agreement’) to invest in/subscribe equity shares in the upcoming right issue of ARL, as approved by the Board of ARL on July 02, 2026. We shall, accordingly, be subscribing our entitlement and also the shortfall, if any in the right issue within the overall approved limit by our Board. The aforesaid investment is subject to our commitment letter and necessary approval/permission from shareholders of ARL, Australia etc. and also applicable regulatory framework in India. It may be noted here that the Company had earlier invested an amount of AUD 500000 and is presently holding 12,500,000 (1.56%) Shares of ARL, which was duly informed vide our earlier intimation dated July 10, 2025, by virtue of which the present right offer has been received by the Company. In this regard, the information as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure I. This is for your information and records. Thanking you For South West Pinnacle Exploration Limited Vaishali Company Secretary & Compliance Office Encl: a/a South West Pinnacle Exploration 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 E: info@southwestpinnacle.com ISO 9001: 2015 Certified Company W: www.southwestpinnacle.com Annexure-I 1. Name of the party entering into such i. South West Pinnacle Exploration Limited an agreement and the relationship ii. Mr. Vikas Jain with the listed entity iii. Mr. Piyush Jain Mr. Vikas Jain and Mr. Piyush Jain are the Promoter and Chairman & Managing Director of South West Pinnacle Exploration Limited (SWPE) (listed entity) 2. Details of the counterparties to the Alara Resources Limited (ARL), Australia agreement (including name and i. SWPE is having two joint ventures namely Alara relationship with the listed entity); Resources LLC and Al Hadeetha Mining LLC (AHML) in Oman with ARL’s wholly owned subsidiary namely Alara Oman Operations Pty Limited (AOOP); ii. South West Pinnacle Exploration Limited along with its promoters namely Mr. Vikas Jain, and Mr. Piyush Jain, is holding jointly approx. 10.83% Equity shares in ARL. iii. Mr. Vikas Jain, Promoter, Chairman & Managing Director of SWPE is also the director on the board of ARL. 3. Date of entering into the agreement. July 06, 2026 4. Purpose of entering into the To subscribe the Equity shares of ARL in the proposed agreement; Right issue 5. Shareholding, if any, in the entity with South West Pinnacle Exploration Limited along with its whom the agreement is executed; promoters namely Mr. Vikas Jain, and Mr. Piyush Jain, is holding jointly approx. 10.83% Equity shares in ARL. 6. Significant terms of the agreement (in i. The issuer (ARL) and subscriber are obliged to perform brief); their obligations in relation to the captioned issue provided ARL convenes and holds the shareholders’ meeting within the stipulated timelines and obtain shareholders’ approval. ii. Subscriber is obligated to pay the subscription amount in respect of shares allocated by ARL, in the bank account of Issuer upon satisfaction of related conditions. iii. Issuer, following the issue of subscription shares, shall register or arrange for registration of subscription shares in the register of members and deliver to the subscriber a holding statement of subscription shares. iv. Agrees to become member with respect to subscription shares and bound by constitution of issuer. 7. Extent and the nature of impact on Nil management or control of the listed entity; South West Pinnacle Exploration 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 E: info@southwestpinnacle.com ISO 9001: 2015 Certified Company W: www.southwestpinnacle.com 8. Details and quantification of the restriction or liability imposed upon The proposed investment in the upcoming right issue of the listed entity; equity shares of ARL, is up to AUD 59769.32, and also the shortfall ,if any ,within the overall approved limit by our board , subject to our commitment letter dated 6/07/26 and approval by the shareholders of ARL and other regulatory framework . 9. Whether, the said parties are related Please refer point 1 & 2 to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; 10. Whether the transaction would fall Yes, it is a related party transaction and transaction will be within related party transactions? If done on arm’s length basis. yes, whether the same is done at Please refer point 1 & 2 “arm’s length”; 11. In case of issuance of shares to the Fully paid ordinary shares parties, details of issue price, class of Issue Price A$0.032 per share shares issued; 12. Any other disclosures related to such Not Applicable agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.; 13. In case of rescission, amendment or Not Applicable alteration, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details and reasons for amendment or alteration and impact thereof (including impact on management or control and on the restriction or liability quantified earlier); v. reasons for rescission and impact thereof (including impact on management or control and on the restriction or liability quantified earlier).