Appointment of M/s. Pavuluri & Co., Chartered Accountants as Statutory Auditor of the company for a term of 5 consecutive financial years
Awaiting price reaction for this filing.
XL Energy Ltd, currently under the implementation of an NCLT-approved resolution plan (approved April 19, 2024), has appointed three auditors via its Monitoring Committee meeting held on December 9, 2025. M/s. Pavuluri & Co. (FRN: 012194S) has been appointed as Statutory Auditor for 5 consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval. M/s. Suprabhat & Co. (PCS) has been named Secretarial Auditor for the same 5-year term, and M/s. Bhavani & Co. (FRN: 012139S) as Internal Auditor for FY 2025-26. The decision was signed by Director Naresh Jain (DIN: 00291963).
This is a routine governance step tied to the company's revival after the insolvency resolution. Putting permanent auditors in place suggests the company is stabilising operations, though shareholder approval at the next AGM is still required for the 5-year statutory and secretarial appointments.