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 ended June 30, 2025.
Awaiting price reaction for this filing.
XL Energy Limited's Monitoring Committee, constituted under the ongoing Corporate Insolvency Resolution Process (CIRP), approved unaudited standalone financial results for the quarter ended June 30, 2025, along with results for Q2 and Q3 FY26. The company reported zero revenue from operations and total income of just Rs. 0.35 lakh, with total expenses of Rs. 5.38 lakh, resulting in a net loss of Rs. 5.03 lakh (EPS of Rs. -0.02). The company remains non-operational as the approved Resolution Plan by the consortium of Karishma Jain, Jupiter City Developers, and Adwaita Navigations has not yet been implemented due to pending NCLT clarifications and an NSE appeal at NCLAT. Share capital restructuring (cancellation of preference and existing promoter shares, fresh allotment to the resolution applicant) is also pending. The statutory auditor (Pavuluri & Co.) issued an unmodified review report with no qualifications.
For retail shareholders, the stock remains in a limbo with zero business operations, continued losses, and unresolved insolvency proceedings. Implementation of the Resolution Plan and the outcome of the NCLAT appeal are critical triggers that could determine whether the company resumes operations or faces further liquidation risk.