XL Energy Limited has informed the Exchange regarding Appointment of Mr Sandeep Kumar Hisaria as Other of the company w.e.f. Jun 24, 2024.Whole Time Director of the Company
Awaiting price reaction for this filing.
XL Energy Limited, which emerged from Corporate Insolvency Resolution Process (CIRP) after a resolution plan was approved on April 19, 2024, has disclosed the appointment of five new directors. The appointments include Ms. Karishma Jain and her father Mr. Naresh Manakchand Jain as Non-Executive Directors (from May 2, 2024), Mr. Vinod Kumar Kathuria and Mr. Sandeep Kumar Hisaria (from June 24, 2024), and Mr. Hari Chand Mittal as Independent Director (from March 5, 2025). The disclosure was delayed because the company's status was changed from 'Delisted' to 'Suspended' on May 28, 2025, and the stock exchange login credentials were only retrieved on June 24, 2025. The board now has representation from the successful resolution applicants as well as experienced banking professionals.
The new board signals the post-insolvency restructuring of XL Energy under the successful resolution applicants' control. Shareholders should note the family-related board appointments (father-daughter) and that the stock remains suspended/delisted, which continues to restrict trading liquidity.