Outcome of the Monitoring Committee Meeting held on 12/02/2026 - Unaudited Financial Results of the company for the Quarter And Half Year ended on 30th September, 2025 along with Limited ....
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XL Energy, currently under the Corporate Insolvency Resolution Process (CIRP), submitted its unaudited results for Q2 and half-year ended September 30, 2025, approved by its Monitoring Committee on February 12, 2026. The company reported a loss of Rs 49.23 lakhs in Q2 (vs Rs 5.03 lakhs loss in Q1), taking the H1 FY26 loss to Rs 54.26 lakhs, against a meagre revenue of Rs 22.35 lakhs for the half-year. Operations are near-dormant with expenses (Rs 76.61 lakhs in H1) vastly exceeding income. The balance sheet remains severely stressed with negative other equity of Rs (74,231) lakhs, borrowings of Rs 74,484 lakhs, and negative operating cash flow of Rs (47) lakhs. The NCLT-approved Resolution Plan involved cancelling preference shares and existing promoter equity, with 80,100 new shares issued to public shareholders, but trading in the stock remains suspended and the matter is now before NCLAT for final clarity.
This is a near-defunct company going through insolvency — persistent losses, a net worth eroded by over Rs 740 crore, and virtually no operating business mean shareholders effectively hold a deeply distressed, trading-suspended stock awaiting the outcome of the resolution plan and NCLAT hearings. Any investment here is highly speculative and closely tied to the final settlement of the IBC process.