XL Energy Limited has informed the Exchange about NCLT orders passed on 2nd May, 2025 for relisting direction
Awaiting price reaction for this filing.
XL Energy Limited has informed the exchanges that the National Company Law Tribunal (NCLT), Hyderabad Bench, via its order dated May 2, 2025, has directed the relisting of the company's shares on BSE and NSE. This order follows the earlier NCLT approval of the company's resolution plan dated April 19, 2024, under the Insolvency and Bankruptcy Code (IBC). Both BSE and NSE, as respondents, are now required to take necessary steps to relist the company's securities in line with the approved resolution plan. The disclosure is being made under SEBI LODR Regulation 30.
This is a positive development for shareholders, as it paves the way for trading in the company's shares to resume after the insolvency process. The relisting will be subject to the terms of the approved resolution plan, and investors should watch for further details on the relisting timeline, fresh share structure, and any changes in ownership.