XL Energy Appoints New Statutory, Secretarial, and Internal Auditors
XL Energy Limited appointed M/s. Pavuluri & Co. as Statutory Auditor for five years, M/s. Suprabhat & Co. as Secretarial Auditor for five years, and M/s. Bhavani & Co. as Internal Auditor for FY 2025-26. These appointments were approved by the Monitoring Committee on December 9, 2025, and are subject to shareholder approval.
The appointment of auditors is a crucial step in corporate governance and financial reporting. It ensures compliance and transparency, which can have a medium-term impact on investor confidence and regulatory standing.
The appointment of auditors is a routine corporate governance action and does not inherently indicate a positive or negative change in the company's performance or prospects.
XL Energy Limited has announced the appointment of new auditors following the approval of a resolution plan by the National Company Law Tribunal (NCLT) on April 19, 2024.
The Monitoring Committee, in its meeting held on December 9, 2025, approved the appointment of M/s. Pavuluri & Co., Chartered Accountants, as the Statutory Auditor for a term of five consecutive financial years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Additionally, M/s. Suprabhat & Co., Company Secretaries, has been appointed as the Secretarial Auditor for a term of five consecutive years (FY 2025-26 to FY 2029-30), also pending shareholder approval. M/s Bhavani & Co., Chartered Accountants, has been appointed as the Internal Auditor for the Financial Year 2025-2026.
The Monitoring Committee meeting commenced at 4:00 PM and concluded at 4:40 PM on December 9, 2025.
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