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 half year ended 30th September 2025
Awaiting price reaction for this filing.
XL Energy Limited, a company currently under the Corporate Insolvency Resolution Process (CIRP) since March 2023, has submitted its delayed unaudited financial results for the quarter and half year ended September 30, 2025. The Monitoring Committee, along with the newly constituted board from the successful resolution applicant (consortium of Karishma Jain, Jupiter City Developers, and Adwaita Navigations), approved the results at its February 12, 2026 meeting. The company reported a loss of Rs. 49.23 lakhs for Q2 FY26 and Rs. 54.26 lakhs for H1 FY26, on a very small revenue of just Rs. 22 lakhs. The company has a deeply negative net worth of approximately Rs. (74,071) lakhs with borrowings of Rs. 74,484 lakhs, and its shares are currently suspended from trading pending NCLAT proceedings on a May 2025 NCLT order.
For shareholders, this filing signals that the company's operations remain minimal and loss-making even under new management, with the resolution plan implementation still facing legal challenges at NCLAT. The massive debt overhang, negative net worth, and suspended trading make this a high-risk situation where existing public shareholders have already been issued a heavily diluted stake (only 80,100 new shares were issued in lieu of their previous holding).