XL Energy Limited has accepted the resignation of Sandeep Kumar Hisaria as Whole Time Director, effective August 5, 2026. Hisaria, who held Director Identification Number (DIN) 00190632, tendered his resignation to pursue professional opportunities outside the organization. The departure marks a leadership change at the executive level of the Hyderabad-based energy firm, which disclosed the move to stock exchanges on August 6, 2026.

The resignation was formally communicated to the Board of Directors on August 5, 2026, with effect from the close of business hours on that date. Naresh Jain, a director at XL Energy Limited (DIN: 00291963), signed the disclosure letter submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). The filing confirms that Hisaria’s tenure concluded without any stated disputes or regulatory irregularities, adhering to standard corporate governance protocols for executive exits.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full compliance with current listing obligations. XL Energy Limited provided detailed particulars of the resignation in Annexure-A, confirming the reason for change as resignation and specifying the exact date of cessation.

Hisaria’s resignation letter, enclosed as Annexure-B, expressed gratitude to the Board of Directors for their support during his tenure. He requested that the Board relieve him of his duties and responsibilities with immediate effect from the specified date. The company has acknowledged the receipt of the resignation and updated its records accordingly.

Leadership Transition

Sandeep Kumar Hisaria served as the Whole Time Director, a key executive role responsible for day-to-day management operations. His exit creates a vacancy in the senior leadership team, which the Board will likely address through future appointments or internal restructuring. No successor was named in the initial disclosure, indicating that the search for a replacement or the redistribution of responsibilities may be an ongoing process within the company’s governance framework.

The move does not appear to impact the company’s ongoing operational commitments or financial reporting cycles, as no material adverse effects were disclosed alongside the resignation. Investors are advised to monitor subsequent filings for any announcements regarding the appointment of a new Whole Time Director or changes in the board’s composition. The disclosure underscores XL Energy Limited’s adherence to transparent communication practices with market regulators and stakeholders.

XL Energy Limited has accepted the resignations of two Non-Executive Independent Directors, Vinod Kumar Kathuria and Hari Chand Mittal, effective from the close of business hours on August 04, 2026. The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the leadership changes, confirming that both directors have stepped down due to individual scheduling conflicts rather than any disagreement with management or strategy.

The disclosure was made pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the filing referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Naresh Jain, a Director of XL Energy Limited (DIN: 00291963), signed the communication to the exchanges on August 06, 2026.

Vinod Kumar Kathuria (DIN: 06662559) tendered his resignation citing increased professional commitments and other work-related responsibilities. He confirmed that there are no material reasons for his resignation other than those stated. Kathuria holds directorships in several other listed entities, including Satia Industries Limited, Sharda Cropchem Limited, A K Capital Services Limited, Deepak Builders & Engineers India Limited, and Jayaswal Neco Industries Limited.

Hari Chand Mittal (DIN: 08797386) resigned due to personal reasons. Like Kathuria, Mittal confirmed that no other material factors influenced his decision to step down. He currently serves as an Independent Director at GSB Finance Limited and Vakrangee Limited.

Directorship Details

The following table outlines the other listed entities where the resigning directors hold positions:

What the Numbers Show

The simultaneous departure of two independent directors highlights the high demand for experienced governance professionals in the Indian market. Both Kathuria and Mittal hold significant committee roles, particularly in audit and nomination committees, across multiple listed firms. Their exit from XL Energy Limited’s Board reduces the company’s independent oversight capacity temporarily until replacements are appointed in accordance with regulatory timelines.