XL Energy Limited (XLENERGY)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, XL Energy's revenue was ₹26.4 Cr, and net profit ₹2.7 Cr; the operating margin was 11.4%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹26.4 | — | — |
| Operating profit | ₹3.0 | — | — |
| Net profit | ₹2.7 | — | — |
| EPS (₹) | 16.94 | — | — |
| Operating margin | 11.4% | — | — |
📢 Recent Corporate Announcements
XL Energy Limited submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended September 30, 2026. The auditor noted that the SDD has not yet been implemented because the company is under suspension and transitioning under an NCLT-approved Resolution Plan. The company had NIL events required to be captured during the quarter. Relisting of shares remains sub judice due to an ongoing appeal filed by the National Stock Exchange (NSE) before the Hon'ble NCLAT.
- SDD compliance certificate filed for the quarter ended September 30, 2026
- NIL UPSI events were required to be captured and NIL events were captured during the quarter
- Structured Digital Database remains not implemented due to trading suspension and resolution transition
- Relisting remains sub judice subject to NSE's pending appeal before the Hon'ble NCLAT
XL Energy Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI Regulations for the quarter ended 30th September, 2026, confirming zero dematerialisation requests received. The company clarified that it is currently implementing an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016. Furthermore, re-listing and in-principle exchange approvals remain pending and sub judice due to an appeal filed by NSE before the NCLAT. Consequently, new shares envisaged under the Resolution Plan have not yet been credited to shareholders' demat accounts.
- No dematerialisation requests were received during the quarter ended 30th September, 2026
- Capital restructuring and share reconstitution are underway under an NCLT-approved Resolution Plan
- NSE has filed an appeal before NCLAT regarding the company's re-listing, leaving the matter sub judice
- Proposed equity shares remain uncredited in shareholder accounts pending regulatory and exchange approvals
XL Energy Limited has submitted the Scrutinizer's Report and voting results for its 39th Annual General Meeting held on September 30, 2026. The meeting was conducted via Video Conferencing/OAVM pursuant to notice dated September 04, 2026. All resolutions put forth at the AGM were passed with the requisite majority through remote e-voting and e-voting during the meeting. M/s. Suprabhat & Co, Practicing Company Secretary, acted as the Scrutinizer for the voting process.
- 39th Annual General Meeting held on September 30, 2026, at 04:00 PM via VC/OAVM
- All resolutions approved by shareholders with the requisite majority
- M/s. Suprabhat & Co (CP No. 15878, Membership No. A41030) served as Scrutinizer
- Voting executed pursuant to AGM notice dated September 04, 2026
XL Energy Limited conducted its 39th Annual General Meeting (AGM) on September 30, 2026, attended by 43 members via video conferencing. The Chairman updated shareholders on the ongoing implementation of the NCLT-approved Resolution Plan, relisting proceedings, and governance transitions. The agenda included the adoption of FY26 financials and the appointments of three directors and a manager for five-year terms. Detailed voting results scrutinized by M/s Suprabhat & Co will be submitted separately.
- 39th Annual General Meeting held on September 30, 2026, via VC/OAVM
- 43 members attended the meeting, which concluded at 4:23 PM IST
- Updates provided on the implementation of the NCLT-approved Resolution Plan and re-listing processes
- Put forward 5 resolutions covering FY26 audited accounts and key 5-year board/manager appointments
XL Energy submitted its clarification regarding Q1 FY27 (quarter ended June 30, 2026) financial results approved by its Monitoring Committee under an NCLT-approved Resolution Plan. The company reported revenue from operations of ₹2,642.27 lakhs (₹26.42 crore) and a net profit of ₹271.27 lakhs (₹2.71 crore), compared to zero operational revenue in prior quarters. However, implementation of the Resolution Plan remains delayed, and equity relisting is stalled due to an appeal filed by NSE at NCLAT Chennai challenging the NCLT relisting order.
- Reported Q1 FY27 revenue from operations of ₹2,642.27 lakhs versus Nil in Q1 FY26 and Q4 FY26
- Net profit stood at ₹271.27 lakhs with basic and diluted EPS of ₹16.94
- NSE has appealed the NCLT relisting order dated May 2, 2025 at NCLAT Chennai (Company Appeal IA No. 797 & 798 of 2025)
- Capital restructuring contemplates 15,21,000 equity shares to Successful Resolution Applicants and 80,100 shares to existing public shareholders, but remains unimplemented as of June 30, 2026
- Monitoring Committee is handling board functions as the company currently has no Chairperson or Managing Director
XL Energy Limited has issued letters providing web-links to its Annual Report for FY 2025-26 to shareholders whose emails are unregistered, pursuant to Regulation 36(1)(b) of SEBI LODR. The 39th Annual General Meeting (AGM) will be held via video conferencing on September 30, 2026, at 4:00 PM IST. The cut-off date to determine e-voting entitlement is September 23, 2026. Remote e-voting is scheduled to begin on September 26, 2026, and end on September 29, 2026.
- 39th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 4:00 PM IST
- Cut-off date for e-voting entitlement set as Wednesday, September 23, 2026
- Remote e-voting opens on September 26, 2026 (9:00 AM IST) and concludes on September 29, 2026 (5:00 PM IST)
- Filing covers dispatch under SEBI Regulation 36(1)(b) for FY 2025-26 Annual Report
XL Energy Limited has issued notice for its 39th Annual General Meeting scheduled for September 30, 2026, via video conferencing. The cut-off date for remote e-voting is set for September 23, 2026, with the voting window open from September 26 to September 29, 2026. Crucially, the filing notes that while NCLT directed the relisting of equity shares following CIRP approval, the relisting remains stayed by the Supreme Court subject to the final outcome of an appeal pending before the NCLAT filed by NSE. Ordinary and special business include adopting FY26 accounts and director appointments.
- 39th AGM scheduled for September 30, 2026 at 4:00 PM IST via VC/OAVM
- E-voting cut-off date fixed as September 23, 2026; voting window open September 26-29, 2026
- Share transfer books closed from September 24 to September 30, 2026
- Supreme Court directed that relisting shall not be carried out pending NCLAT main appeal outcome
XL Energy Limited has announced the appointment of M/s Bhavani & Co., Chartered Accountants, as the company's Internal Auditor for Financial Year 2026-2027. The appointment was approved by the Monitoring Committee in its meeting held on September 4, 2026. This is a routine statutory and corporate governance compliance update with no financial or operational impact.
- Appointed M/s Bhavani & Co., Chartered Accountants (FRN: 012139S), as Internal Auditor
- Appointment approved at Monitoring Committee meeting on September 4, 2026
- Tenure covers the Financial Year 2026-2027
XL Energy Limited has submitted its unaudited standalone financial results for the quarter ended June 30, 2026. The results were reviewed by Pavuluri & Co., who issued a standard limited review report without any material qualifications. Notably, the financial statement was approved by a Monitoring Committee and a newly constituted board involving a Successful Resolution Applicant, indicating the company is in a post-insolvency resolution phase. Specific financial metrics such as revenue and net profit were not disclosed in the provided document extract.
- Financial results submitted for the quarter ended June 30, 2026
- Statement approved by the Monitoring Committee and Successful Resolution Applicant
- Independent Auditor's Review Report issued on August 12, 2026
- Auditor Pavuluri & Co. expressed a conclusion without material misstatements
XL Energy Limited has announced the resignation of three board members. Two Non-Executive Independent Directors, Mr. Vinod Kumar Kathuria and Mr. Hari Chand Mittal, resigned effective August 4, 2026, citing professional commitments and personal reasons. Additionally, Mr. Sandeep Kumar Hisaria resigned as Executive Director (Whole Time Director) effective August 5, 2026. The company has provided confirmations from the independent directors that there are no other material reasons for their departures.
- Resignation of Mr. Vinod Kumar Kathuria as Independent Director effective August 4, 2026
- Resignation of Mr. Hari Chand Mittal as Independent Director effective August 4, 2026
- Resignation of Mr. Sandeep Kumar Hisaria as Executive Director effective August 5, 2026
- Mr. Kathuria holds directorships in 5 other listed entities including Satia Industries and Sharda Cropchem
- Mr. Mittal holds directorships in 2 other listed entities including Vakrangee Limited
XL Energy Limited has reported the simultaneous resignation of two Non-Executive Independent Directors, Mr. Vinod Kumar Kathuria and Mr. Hari Chand Mittal, effective August 4, 2026. Mr. Kathuria cited increased professional commitments across his 5 other listed directorships, while Mr. Mittal cited personal reasons. Both directors confirmed there are no other material reasons for their departure. The company will need to appoint new independent directors to maintain regulatory board composition.
- 2 Independent Directors resigned effective from the close of business hours on August 4, 2026
- Mr. Vinod Kumar Kathuria holds directorships in 5 other listed entities including Sharda Cropchem and Jayaswal Neco
- Mr. Hari Chand Mittal holds directorships in 2 other listed entities, GSB Finance and Vakrangee
- Both directors provided formal confirmation that no other material reasons exist for their resignations
XL Energy Limited has appointed Mr. Pankaj Jain as an Additional Non-Executive Independent Director and Mr. Harsh Jain as Manager (KMP) for five-year terms effective August 4, 2026. These appointments were approved by the Monitoring Committee, which is currently exercising board powers under an approved Resolution Plan. Mr. Pankaj Jain, a Chartered Accountant, brings expertise in debt restructuring and NCLT resolutions, having previously raised over ₹1,000 crore. Mr. Harsh Jain is a related party, being the son of Director Naresh Jain and brother of the current CFO.
- Appointment of Mr. Pankaj Jain as Independent Director for a 5-year term until August 3, 2031.
- Mr. Pankaj Jain has experience raising over ₹1,000 crore through Term Loans, NCDs, and Working Capital facilities.
- Appointment of Mr. Harsh Jain as Manager (KMP) for a 5-year term starting August 4, 2026.
- Mr. Harsh Jain is the son of Director Naresh Jain and brother of CFO Karishma Jain.
- Appointments were approved by the Monitoring Committee pursuant to the company's approved Resolution Plan.
XL Energy Limited has filed its Structured Digital Database (SDD) compliance certificate for the quarter ended June 30, 2026, as mandated by SEBI Insider Trading regulations. The company is currently in a transition phase, implementing an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code (IBC). The filing notes that the company was previously delisted and is currently under suspension, with a pending appeal by the NSE before the NCLAT regarding its status. This filing is a procedural requirement to maintain regulatory standing during the resolution process.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Certification issued by R. Bhandari & Co, Practising Company Secretaries
- Company is currently undergoing implementation of an NCLT-approved Resolution Plan under IBC 2016
- Legal status remains subject to an ongoing appeal filed by NSE before the NCLAT
XL Energy reported zero dematerialization requests for the quarter ended June 30, 2026, as the company remains in a state of transition under an NCLT-approved Resolution Plan. The company is currently undergoing capital restructuring and share reconstitution, but new shares have not yet been credited to demat accounts. A significant hurdle exists as the National Stock Exchange (NSE) has filed an appeal before the NCLAT regarding the company's re-listing, leaving the final outcome sub judice. Consequently, the stock remains suspended from trading pending regulatory approvals and legal clarity.
- Zero (0) requests for dematerialization of equity shares were received during the quarter ended June 30, 2026.
- Company is currently implementing an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016.
- Re-listing process is currently stalled due to an appeal filed by the NSE before the NCLAT.
- Equity shares proposed under the Resolution Plan are yet to be credited to shareholder accounts pending regulatory and exchange approvals.
XL Energy Limited has announced the closure of its trading window for all designated persons and their relatives starting July 01, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the financial results are officially declared. This is a procedural filing and does not reflect any operational change or financial performance.
- Trading window closure effective from July 01, 2026
- Closure relates to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the declaration of financial results
- Applicable to Directors, Designated Persons, and their immediate relatives
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