XL Energy Limited has informed the Exchange that Record date for the purpose of PF & RC is 02-Jul-2025.
Awaiting price reaction for this filing.
XL Energy Limited has revised the record date for its capital restructuring from June 16, 2025 to July 2, 2025 (Wednesday). This is part of the company's approved Resolution Plan under the IBC process, where NCLT Hyderabad approved the plan submitted by a consortium led by Ms. Karishma Jain, Jupiter City Developers, and Adwaita Navigations. As per the plan, all preference shares and promoter/promoter group equity shares will be cancelled without consideration, while existing public shareholders (who currently hold 1,77,10,818 shares or 77.77%) will be proportionately restructured to receive only 80,100 equity shares of Rs. 10 each. The Resolution Applicant will be allotted 15,21,000 fresh equity shares at par. The company was previously delisted for non-payment of fees and aims to be re-listed on stock exchanges.
This is highly dilutive for existing public shareholders — their effective stake will shrink to a tiny fraction (roughly 80,100 shares against the earlier 1.77 crore shares). Most existing equity and preference shareholders will get nothing under the plan. Retail investors holding shares as of the revised record date (July 2, 2025) are advised to carefully assess the restructuring terms and consider consulting a professional before the record date.