XL Energy Limited has submitted to the Exchange that the Meeting of the Monitoring Committee of the Company was held on Thursday, February 12, 2026, inter alia, to consider and approve the Unaudited Standalone Financial Results of the Company for the quarter and nine months ended December 31, 2025.
Awaiting price reaction for this filing.
XL Energy Limited has submitted its unaudited standalone financial results for Q3 FY26 and the nine months ended December 31, 2025, approved by a Monitoring Committee under the insolvency resolution process. The company reported a loss of Rs 49.23 lakhs in Q3 and Rs 54.34 lakhs for the nine-month period, compared to a loss of Rs 11.94 lakhs in the corresponding nine months of the previous year. The company remains under CIRP, with an NCLT-approved resolution plan (consortium of Karishma Jain, Jupiter City Developers, and Adwaita Navigations) yet to be fully implemented as of December 31, 2025. Trading of shares is suspended and relisting is pending due to an NSE appeal at NCLAT. Statutory auditors Pavuluri & Co. issued a clean limited review report with no qualifications.
Shareholders should note that the stock remains suspended from trading and the company's operating performance continues to deteriorate with widening losses. The unresolved insolvency process and pending litigation around relisting make this a high-risk situation with no clear timeline for revival or resumption of trading.