38th Annual general meeting to be held on 31st December, 2025 at 04:00 PM through VC/OAVM
Awaiting price reaction for this filing.
XL Energy Ltd will hold its 38th AGM on 31 December 2025 at 4:00 PM through video conferencing. This is the company's first AGM since completing the Corporate Insolvency Resolution Process (CIRP), which was initiated in March 2023 and for which the NCLT-approved Resolution Plan was implemented in 2024. AGMs for FY 2022-23 and FY 2023-24 could not be held earlier due to CIRP constraints. The company's equity shares have been moved from 'Delisted' to 'Suspended' status from 28 May 2025 following NCLT directions for re-listing. Key resolutions include adoption of FY 2024-25 audited financial statements, re-appointment of Ms. Karishma Jain via rotation, appointment of M/s. Pavuluri & Co. as statutory auditor for five years, change of Ms. Karishma Jain's designation to Executive Director, and appointment of one Whole-Time Director (Mr. Sandeep Kumar Hisaria) and three Independent Directors (Mr. Vinod Kumar Kathuria, Mr. Harichand Mittal, Mr. Suryakant Kadakane Maruti) for five-year terms.
For shareholders, this AGM marks a key governance milestone as the company stabilises post-insolvency and moves toward potential re-listing. The board restructuring and auditor appointments signal formalising the new management, while the cut-off date for e-voting eligibility is 23 December 2025 and remote e-voting runs from 27-30 December 2025.