Outcome of Monitoring Committee Meeting held on 12/02/2026 - Unaudited Financial Results of the company for the Quarter And Nine Months ended 31st December, 2025 along with Limited Review ....
Awaiting price reaction for this filing.
XL Energy's Monitoring Committee approved its unaudited standalone financial results for Q3 FY26 and the nine months ended 31 December 2025. The company is still under CIRP — NCLT approved a resolution plan in April 2024 led by a consortium (Karishma Jain, Jupiter City Developers, Adwaita Navigations), but the plan had NOT been fully implemented as of 31 December 2025. Total income for Q3 FY26 was Rs. 22.50 lakhs vs Rs. 0.14 lakhs a year ago (from a near-zero base), while expenses surged to Rs. 76.83 lakhs (vs Rs. 0.13 lakhs YoY), leaving a near-breakeven profit of Rs. 0.02 lakhs. The 9M FY26 loss widened to Rs. (54.34) lakhs versus Rs. (11.94) lakhs in 9M FY25, with EPS of Rs. (3.39). Share capital restructuring is partially done — preference shares and existing promoter shares were cancelled, and the new Resolution Applicant was allotted 15,21,000 fresh equity shares — but trading in the stock remains suspended and relisting is held up pending an NSE appeal at NCLAT. The statutory auditor (Pavuluri & Co.) issued an unmodified limited review report with no qualifications or emphasis of matter.
Investors should view this as a high-risk, pre-resolution situation: the company continues to post losses, its insolvency resolution plan remains partially implemented, and shares are currently untradeable with relisting dependent on the outcome of the NCLAT appeal. There is no clarity on when normal trading or a fair share price discovery will resume.