XL Energy Limited has informed the Exchange about Copy of Newspaper Publication pertains to the change in delisting status of the Company, cancellation of certain existing equity and preference shares, and allotment of fresh equity shares in accordance with the NCLT-approved Resolution Plan.
Awaiting price reaction for this filing.
XL Energy Limited has published a public notice on 24 July 2025 in Financial Express (English) and Mana Telangana (Telugu) regarding major corporate actions under its NCLT-approved Resolution Plan. The NCLT Hyderabad Bench had approved the plan via order dated 19 April 2024, with a supplementary order on 2 May 2025, following the company's Corporate Insolvency Resolution Process (CIRP). The notice covers three key actions: a change in the company's delisting status, cancellation of certain existing equity and preference shares, and allotment of fresh equity shares. This filing is a regulatory disclosure under SEBI LODR Regulation 30, submitted by Director Naresh Jain.
Existing shareholders should note that their equity and preference shares are being cancelled, and fresh shares will be issued, likely to new investors under the resolution plan. This could significantly dilute or wipe out existing holdings, and the change in delisting status will affect the stock's trading availability on NSE/BSE. Shareholders should carefully review the public notice for details on their entitlements.