Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended September, 2025
Awaiting price reaction for this filing.
XL Energy Ltd has submitted a compliance certificate under SEBI Regulation 74(5) for the quarter ended September 30, 2025. The Registrar and Share Transfer Agent, Bigshare Services Pvt Ltd, confirmed that no dematerialization requests for equity shares were received during the period July 1, 2025 to September 30, 2025. The company clarified that this is because it is currently implementing an NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016, and shares to be issued under this plan have not yet been credited to shareholders' demat accounts. The company was earlier delisted and subsequently suspended, and the re-listing or in-principle approval process from stock exchanges is currently underway. This is a routine regulatory compliance filing explaining the absence of any demat activity.
This is a routine compliance filing with no material impact on shareholders. However, it confirms that the company remains under IBC resolution, delisted and suspended from trading, with re-listing still pending. Investors should note that equity shares under the Resolution Plan are yet to be credited, meaning trading and corporate actions remain on hold until the re-listing process is completed.