Intimation of Publication of Public Notice Regarding Delisting Status, Cancellation of Exisiting Equity Shares and Allotment of Fresh Equity Shares pursuant to NCLT Approved Resolution Plan.
Awaiting price reaction for this filing.
XL Energy Ltd has published a public notice (dated 24th July 2025) in Financial Express and Mana Telangana informing shareholders about changes to its capital structure under its NCLT-approved Resolution Plan. The NCLT Hyderabad Bench approved the plan on 19th April 2024, with a supplementary order on 2nd May 2025. Under the plan, the company's equity shares are being delisted, certain existing equity and preference shares are being cancelled, and fresh equity shares are being allotted. The company had earlier entered the Corporate Insolvency Resolution Process (CIRP), and this notice marks the implementation of the resolution. The intimation is filed under SEBI LODR Regulation 30.
Existing shareholders of XL Energy are likely to see their existing holdings cancelled and the stock delisted from BSE and NSE, with fresh shares being allotted to the new investors under the resolution plan. Retail investors holding these shares may effectively lose their investment, and the stock could be removed from exchanges following this restructuring.