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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South West Pinnacle Exploration Limited has informed the Exchange about Agreements
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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).