Appointment of Statutory Auditor, Secretarial Auditor, Internal Auditor of the company
Awaiting price reaction for this filing.
XL Energy Ltd has appointed three auditors following its emergence from the corporate insolvency resolution process. The company's Monitoring Committee, set up after NCLT approved a resolution plan by the Consortium of Karishha Jain, Jupiter City Developers, and Adwaita Navigations in April 2024, approved the appointments on December 9, 2025. Pavuluri & Co has been named Statutory Auditor for five years (FY2025-26 to FY2029-30), Suprabhat & Co as Secretarial Auditor for five years, and Bhavani & Co as Internal Auditor for FY2025-26. Both long-term appointments are subject to shareholder approval at the next AGM. The appointments mark a step in normalising governance and audit functions at the company after its resolution.
Routine post-resolution governance move that signals the company is rebuilding its audit and compliance structure; no immediate material impact on shareholders expected, but these auditor appointments are necessary for statutory filings and re-establishing credibility.