Outcome and Proceedings of 38th Annual General Meeting of the Company held on, Wednesday, 31st December 2025 at 4:00 PM through, VC/OAVM
Awaiting price reaction for this filing.
XL Energy Limited held its 38th AGM on 31st December 2025 via video conferencing, chaired by Director Naresh Jain. The meeting was attended by 39 members, with adequate quorum present throughout. Key business included adopting the audited financial statements for FY ending 31 March 2025, re-appointing Karishma Jain (who retires by rotation), and changing her designation to Executive Director. Members also approved the appointment of new Statutory Auditor Pavuluri & Co for a 5-year term, new Secretarial Auditor Suprabhat & Co, and five-year appointments for Whole-Time Director Sandeep Kumar Hisaria and Independent Directors Vinod Kumar Kathuria, Harichand Mittal, and Suryakant Kadakane Maruti. The Chairman noted the company is operating under an NCLT-approved Resolution Plan with compliance constraints due to prior delisting/suspension and IBC proceedings. Voting results are awaited and will be submitted to exchanges within the stipulated timeframe.
The meeting is largely procedural, but it marks a governance reset following the IBC resolution process, with a new auditor team and refreshed board in place. No immediate share price catalyst expected, but the lack of member queries and the smooth conduct suggest stabilisation under the resolution plan.