Two Independent Directors resign from XL Energy board

Multiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

Price reaction

Awaiting price reaction for this filing.

AI summary

XL Energy informed BSE and NSE that two Non-Executive Independent Directors, Mr. Vinod Kumar Kathuria (DIN: 06662559) and Mr. Hari Chand Mittal (DIN: 08797386), resigned from the board effective close of business on 04 August 2026. Kathuria cited increased professional commitments, while Mittal cited personal reasons. Both confirmed no other material reasons for resignation.

Likely market impact

Loss of two independent directors may raise governance questions; company must appoint replacements to meet SEBI board composition norms.