Outcome of Monitoring committee Meeting held on 30/05/2026 -Audited Financial Results of the Company for the Quarter and Year ended 31st March, 2026 along with Auditor Report thereon
Awaiting price reaction for this filing.
XL Energy Ltd reported a net loss of Rs. 308.11 lakhs for FY26 compared to a profit of Rs. 15.94 lakhs in FY25. Revenue from operations declined significantly to Rs. 30.70 lakhs from Rs. 56.26 lakhs in the previous year. The company is undergoing Corporate Insolvency Resolution Process (CIRP) under IBC, with a Resolution Plan approved by NCLT in April 2024. The Monitoring Committee, along with newly constituted board, approved these results. The company's equity is deeply negative at Rs. 7,462.56 crores, and borrowings stand at Rs. 7,506.88 crores. Trading remains suspended on BSE and NSE, pending NCLAT appeal. Auditors issued an unmodified opinion on the financial statements.
The company is in severe financial distress with negative equity and heavy losses. Shareholders face extreme risk as the resolution plan implementation is delayed and listing status is pending. The stock is suspended from trading, and existing shareholders may see their holdings further diluted or cancelled as per the resolution plan terms.