XL Energy Limited: Standalone Financial Results for Q4 FY26 Audited

XL Energy Limited has submitted its audited standalone financial results for the quarter and year ended March 31, 2026. The independent auditor's report confirms that the statement is presented in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provides a true and fair view of the company's financial performance in line with Indian Accounting Standards (Ind AS).

The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an application by Invent Assets Securitization and Reconstruction Pvt. Ltd. A resolution plan was approved by the Committee of Creditors with a 73.78% voting share and subsequently by the Hon'ble NCLT, Hyderabad Bench, on April 19, 2024. The plan included cancellation of preference shares and existing promoter equity, allotment of new equity shares to Successful Resolution Applicants (SRAs), and issuance of shares to existing public shareholders to maintain listed status.

However, the relisting of shares on stock exchanges is pending due to an appeal filed by the National Stock Exchange Ltd. against the NCLT's order dated May 02, 2025, before the National Company Law Appellate Tribunal (NCLAT). As of March 31, 2026, the resolution plan was not fully implemented due to pending regulatory approvals, procedural delays, and the suspension of trading by NSE and BSE. The Board of Directors was constituted but not fully operational, with governance oversight exercised by the Monitoring Committee. Actions are being taken in a calibrated manner pending clarity on the NCLAT appeal outcome.