South West Pinnacle Exploration Limited — Board Meeting, 21-02-2025: Outcome of Board Meeting

The Board of Directors of South West Pinnacle Exploration Ltd has announced a board meeting outcome, approving the issuance of 19,27,611 equity shares to non-promoters at an issue price of Rs. 132.20 per share, raising a total of Rs. 25.48 Cr. This increases the company's paid-up capital to Rs. 29.83 Cr. Additionally, 28,21,411 fully convertible warrants were allotted to both promoters and non-promoters at the same issue price, totaling Rs. 9.32 Cr in initial subscriptions. These warrants can be converted into equity shares over the next 18 months.