XL Energy Limited has submitted to the Exchange, Outcome of Monitoring committee Meeting held on 30/05/2026 -Audited Financial Results of the Company for the Quarter and Year ended 31st March, 2026 along with Auditor Report thereon.
Awaiting price reaction for this filing.
XL Energy Limited reported a net loss of Rs. 308.11 Lakhs for FY2026, a sharp decline from a profit of Rs. 15.94 Lakhs in FY2025. Revenue from operations dropped to Rs. 30.70 Lakhs from Rs. 56.26 Lakhs in the previous year. The company remains under Corporate Insolvency Resolution Process (CIRP) initiated in March 2023, with a Resolution Plan approved by NCLT in April 2024 but not yet fully implemented. Share capital reduction was carried out as per the resolution plan, and a new Monitoring Committee now oversees operations. Trading remains suspended on BSE and NSE pending NCLAT's decision on an appeal filed by NSE against the company's relisting order. The auditor issued an unmodified (clean) opinion despite material uncertainty related to going concern, as noted in the Emphasis of Matter section.
The company has massive negative equity of Rs. 74.63 crore and ongoing insolvency proceedings create significant uncertainty for shareholders. The pending NCLAT appeal means relisting and trading suspension remain unresolved, making the stock unattractive for retail investors at this stage.