XL Energy Limited reported a net loss of ₹308.11 lakh for the financial year ended March 31, 2026, a significant decline from the profit of ₹15.94 lakh recorded in the previous year. The company’s total income for the year stood at ₹30.70 lakh, down from ₹56.26 lakh in FY25. The results were approved by the Monitoring Committee and the newly constituted board in a meeting held on May 30, 2026.

The statutory auditors, M/s. Pavuluri & Co., issued an audit report with an unmodified opinion on the financial results. The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP), and a Monitoring Committee is supervising the implementation of the Resolution Plan approved by the National Company Law Tribunal (NCLT) on April 19, 2024.

Financial Performance

The company reported no revenue from operations for the quarter or the year ended March 31, 2026. Other income for the year decreased to ₹30.70 lakh from ₹56.26 lakh in the previous year. Total expenses for the year surged to ₹338.81 lakh, primarily driven by changes in inventories amounting to ₹252.51 lakh and other expenses of ₹85.37 lakh.

Resolution Plan and Capital Restructuring

Pursuant to the approved Resolution Plan, the company cancelled preference shares and the entire equity shareholding of existing promoters without consideration. The Successful Resolution Applicants were allotted 15,21,000 equity shares of ₹10 each. Additionally, 80,100 equity shares were issued to existing public shareholders to retain the company's listed status.

However, the implementation of the restructuring remains incomplete as of March 31, 2026. The National Stock Exchange has filed an appeal before the NCLAT challenging the NCLT order dated May 2, 2025, which directed the relisting of the company's shares. Consequently, the listing of shares on the stock exchanges remains pending.

Assets and Liabilities

The company’s balance sheet as of March 31, 2026, shows total assets of ₹3,441.94 lakh, a sharp increase from ₹1,071.22 lakh in the previous year. This rise is mainly due to inventories valued at ₹3,338.46 lakh. Equity and liabilities totaled ₹3,441.94 lakh, with borrowings constituting a significant portion at ₹75,068.84 lakh. Equity share capital reduced to ₹160.11 lakh from ₹2,277.44 lakh following the capital reduction.

XL Energy Limited has scheduled a meeting of its Monitoring Committee on May 30, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The committee will also review the auditors' report accompanying the results. The meeting is being held pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The trading window for dealing in the securities of XL Energy Limited has been closed for insiders since April 01, 2026. This closure will remain in effect until 48 hours after the declaration of the financial results for the quarter and year ended March 31, 2026.

Agenda for the Meeting

The Monitoring Committee will transact the following business during the meeting:

• To consider and approve the Audited Financial Results of the Company for the Quarter and financial year ended March 31, 2026, along with the Auditors Report thereon.
• Any other item, if any.

Key Details